Top gainers and losers, September 16: HDFC LIC, SBI LIC jump 3%, TCS tumbles 3%; check full list

The SENSEX rallied as much as 0.7% to hit an intraday high of 74,505.86. Meanwhile, the NIFTY50 soared as much as 0.72% to touch the session’s peak of 23,284.75.

On September 16, the SENSEX closed 332.63 points, or 0.45%, higher at 74,336.45, while the NIFTY50 gained 99 points, or 0.43%, to end at 23,217.60.

NIFTY50 top gainers and losers

The NIFTY50 pack was led by buying in the shares of HDFC Life Insurance Company (LIC), which closed 2.73% higher.

It was followed by SBI Life Insurance Company (2.65%), State Bank of India (2.42%), ITC (2.38%) and Nestle India (1.65%), which were among the other top gainers.

On the contrary, the top losers included Tata Consultancy Services (TCS) (-2.76%), Wipro (-1.83%), Infosys (-1.58%), Tech Mahindra (-1.14%) and Larsen & Toubro (-1.12%).

NIFTY Midcap 100 top gainers and losers

NSE’s midcap index, the NIFTY Midcap 100 gauge, closed flat at 60,874.20, down by 4.05 points or 0.01%.

The top laggards were Tata Investment Corporation (-5.20%), Premier Energies (-4.87%), Billionbrains Garage Ventures (Groww) (-3.89%), Kalyan Jewellers India (-3.86%) and FSN E-Commerce Ventures (Nykaa) (-3.15%).

Shares of Groww declined amid news reports that 10.41 crore shares, or 1.69% of the company's equity, worth ₹1,999 crore, changed hands at ₹192 apiece through block deals.

On the other hand, Patanjali Foods (7.81%), PB Fintech (5.25%), Max Financial Services (4.33%), One 97 Communications (Paytm) (3.47%), and Tata Communications (3.33%) were among the top winners.

Shares of One 97 Communications, the parent company of Paytm, hit a fresh 52-week high on September 16, after the National Payments Corporation of India (NPCI) on Tuesday introduced a 0.4% fee on UPI payments of more than ₹2,000 made to merchants, effective October 15.

However, the new charge will apply only to person-to-merchant (P2M) transactions above ₹2,000, while everyday person-to-person (P2P) transactions and small payments will continue to remain free.

NIFTY Smallcap 100 top gainers and losers

NSE’s smallcap index, NIFTY Smallcap 100, ended at 19,388.30, marking a 34.15-point or 0.18% decline.

Pine Labs (-4.14%), Gland Pharma (-2.87%), Sona BLW Precision Forgings (-2.78%), JBM Auto (-2.66%) and Whirlpool of India (-2.55%) were among the top losers.

On the other hand, the top gainers were Urban Company (4.80%), Aegis Logistics (4.36%), Karur Vysya Bank (3.39%), BEML (2.87%), and Zensar Technologies (2.79%).

Home services provider Urban Company shares surged during the trading session on Wednesday, September 16, as investors focused on the growth potential of the company in the upcoming period after a constructive outlook from a global investment firm.

Switzerland-based global investment major UBS Group, in its latest report, initiated coverage on Urban Company with a constructive outlook backed by the belief that India's online home services market is entering its evolution stage.