Top gainers and losers on March 3: RIL falls 2.17% as NIFTY falls for ninth session in a row

The National Stock Exchange benchmark NIFTY50 index fell for the ninth session in a row on Monday, March 3, making it the longest losing streak in a year, data from the stock exchange showed. The NIFTY50 index slipped 5 points or 0.02% to close at 22,119 and 30-shares SENSEX dropped 113 points to close at 73,085. In the intraday trading, SENSEX briefly dropped below its important psychological level of 73,000 and NIFTY50 index touched an intraday low of 22,004.70.

Top gainers and losers

As many as 33 stocks on the NIFTY50 index ended higher, while 17 closed lower. The biggest laggards on the index were Bajaj Auto, Coal India, Reliance Industries, Bajaj Finserv, HDFC Bank and Adani Ports falling between 1.5-2.4%

On the flipside, the top five gainers were Bharat Electronics, Grasim, Eicher Motors, JSW Steel and Bharat Petroleum.

Market statistics

Out of 4,234 shares traded on the BSE 1,173 closed higher, 2,919 ended lower while 142 shares closed unchanged.

A total of 1,133 shares touched 52-week low while 65 shares touched their 52-week high on Monday.

Stocks in news

The stock declined 10% to ₹366.25 apiece, its lower-circuit mark, on the National Stock Exchange (NSE). Its market valuation stands at ₹15,827.85 crore.

At close, the scrip settled at ₹729.40 apiece, rising 2.02% on NSE. The company’s market capitalisation stood at ₹46,511.47 crore.

Shares of Ola Electric Mobility declined 5.5% to hit its 52-week low of ₹53.71 per share on both the equity benchmark indices. At close, the scrip was settled ₹54.90 apiece on NSE, losing 3.4%.

Broader market

On the broader market front, the NIFTY Midcap 100 and NIFTY Smallcap 100 fell 2.49% and 2.49% on Friday, respectively, after losing more than 10.7% and 13% in February. This steep fall of over 13% in a month is the most brutal fall the index has witnessed in five years.

Sector watch

All the sectoral indices closed lower on Friday with Nifty IT being the biggest loser, declining 4.18% followed by Nifty Auto (-3.92%), Nifty Midsmall IT and Telecom (-3.72%), Nifty Financial Services Ex-Bank (-3.72%) and Nifty Media (-3.48%).