Top gainers and losers, September 28: Tata Motors PV, AEL, Jio Financials tumble 3%; Dr. Reddy’s up 2%

On Friday, the foreign institutional investors (FIIs) sold stocks worth ₹3,693.93 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹2,838.17 crore on a net basis, according to exchange data.

Furthermore, the volatility gauge, India VIX, surged as much as 16.3% to an intraday high of 14.15 on Monday.

The SENSEX tanked as much as 1.6% to hit an intraday low of 72,716.23. Meanwhile, the NIFTY50 crashed as much as 1.63% to touch the session’s low of 22,762.20.

On September 28, the SENSEX tumbled 1,124.02 points or 1.52% to close at 72,771.72, while the NIFTY50 plunged 360.25 points or 1.56% to end at 22,780.25.

NIFTY50 top gainers and losers

The top losers in the index included Tata Motors Passenger Vehicle (TMPV) (-3%), Adani Enterprises Ltd (AEL) (-2.93%), Jio Financial Services (-2.86%), Power Grid Corporation of India (-2.84%) and Larsen & Toubro (L&T) (-2.83%).

On the other hand, just three out of the 50 stocks constituting the NIFTY index advanced. The top gainers were Dr. Reddy's Laboratories (1.67%), Infosys (0.30%) and HDFC Life Insurance Company (0.11%).

NIFTY Midcap 100 top gainers and losers

NSE’s NIFTY Midcap 100 gauge fell by 1.63% or 991.80 points to close at 59,914.20 on September 28.

The index was weighed down by selling in the shares of Yes Bank, which ended 5.87% lower, amid a decline in banking stocks, as the 10-year US bond yield surged to its highest level in nearly 20 years to 5.2%. Rising bond yields in the US make American bond markets more attractive, leading to a flight of money to the safety of bonds from emerging market equities like India, analysts noted.

When US Treasury yields rise, investors can get a higher low-risk return in US government securities, which makes Indian assets relatively less attractive, analysts added.

It was followed by Bank of India (-5.76%), Vodafone Idea (-5.54%), Indus Towers (-3.91%) and IDFC First Bank (-3.88%), which were among the other top laggards.

On the flip side, the top winners comprised Dixon Technologies (1.87%), Voltas (1.55%), Indian Renewable Energy Development Agency (IREDA) (1.41%), ICICI Prudential Asset Management Company (1.27%) and Premier Energies (1.07%).

Shares of Dixon Technologies and Voltas advanced after leading appliance and consumer electronics makers announced another round of price hikes from October 1.

This marks the third round of price hikes by the industry in 2026 and comes just ahead of the peak festive season, raising the focus on how higher prices could affect consumer demand and sales volumes while helping companies offset cost pressures.

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap 100 index declined by 1.85% or 364.15 points to end at 19,351.10.

Its top losers included Manappuram Finance (-6.29%), Physicswallah (-4.80%), IFCI Ltd (-4.46%), City Union Bank (-4.24%) and Urban Company (-4.15%).

On the contrary, Mangalore Refinery and Petrochemicals (3.31%), the Great Eastern Shipping Company (2.46%), Brainbees Solutions (2.36%), Sarda Energy & Minerals (1.59%) and Anand Rathi Wealth (1.23%) were among the top gainers.