Top gainers and losers, September 16: Kotak Mahindra Bank, Larsen & Toubro, Mahindra & Mahindra shares rise over 2.3%; check full list

The Indian equity benchmarks ended sharply higher on Tuesday, September 16, powered by gains in index heavyweights like Larsen & Toubro, Bharti Airtel, Kotak Mahindra Bank, Mahindra & Mahindra, Axis Bank, Maruti Suzuki and Reliance Industries. The SENSEX rose as much as 658 points and NIFTY50 index touched an intraday high of 25,261. The SENSEX ended 595 points higher at 82,381 and NIFTY50 index advanced 170 points to close at 25,239.

NIFTY50 top gainers and losers

Kotak Mahindra Bank was top gainer in the NIFTY50 index, the stock rose 2.67% to close at ₹2,023. Larsen & Toubro (2.34%), Mahindra & Mahindra (2.31%), Eicher Motors (2.21%) and Maruti Suzuki (2.14%) were also among the gainers.

On the flipside, Shriram Finance (-0.83%), Asian Paints (-0.82%), Nestle India (-0.70%), Tata Communications (-0.62%) and HDFC Life (-0.53%) were losers in the NIFTY50 index.

NIFTY Midcap 100 gainers and losers

NIFTY Midcap 100 index rose 0.54% or 313 points to close at 58,800. As many as 70 shares in the NIFTY Midcap 100 index ended higher while 30 closed lower.

GMR Airports was top gainer in the NIFTY Midcap 100 index, the stock rose 3.87% to close at ₹92.62.

Persistent Systems (3.2%), M&M Financial Services (2.59%), Premiere Energies (2.58%) and Page Industries (2.53%) were also among the gainers in the NIFTY Midcap 100 index.

On the other hand, Vodafone Idea (-2.33%), Ola Electric (-1.95%), Glenmark (-1.24%), BSE (-1.14%) and Max Healthcare (-1.11%) were among laggards in the NIFTY Midcap 100 index.

NIFTY Smallcap 100 gainers and losers

NIFTY Smallcap 100 index rose 0.95% or 171 points to close at 18,298. As many as 63 shares in the NIFTY Smallcap 100 index ended higher while 37 closed lower.

Redington was top gainer in the NIFTY Smallcap 100 index, the stock jumped 20%, posting its biggest single day gain in over four years on the back of heavier than usual trading volumes amid strong demand for newly launched iPhone 17.

Last time the stock moved up by 20% was on May 28, 2021, data from BSE showed.

Apple's iPhone Pro Max 17 in cosmic orange has witnessed a considerable surge in demand, and it has gone out of stock within three days after pre-booking went live for pickup of the devices at the company's official stores in the US and India, as per information shared by company staff, news agency PTI reported.

The company had on August 4 fixed September 16 as the record date for recognising shareholders eligible for receiving bonus shares. The post-bonus issue paid-up share capital will be ₹3,119.64 lakh divided into 15,59,81,760 shares of ₹2 each, Godfrey Phillips said.

Aegis Logistics (6.34%), MGL (5.19%) and Reliance Power (4.99%) were also among the gainers.

On the contrary, JBM Auto (-2.43%), HBL Engineering (-2.27%), Garden Reach Shipbuilders (-2.23%), Welspun Corp (-2.02%) and Zen Technologies (-1.60%) were top losers in the NIFTY Smallcap 100 index.