Top Gainers & Losers on May 14: NLC India, Cipla, Bharti Airtel, Vedanta, MCX, BSE, Berger Paints among top gainers

Indian equities staged a strong comeback in Thursday’s trade, May 14, with the benchmark indices settling over 1% higher, led by strong buying in pharma and metal stocks. A rebound in financial shares also supported the rally, bringing much-needed optimism back to Dalal Street.

Meanwhile, the Indian rupee slipped to another record low of 95.9 against the US dollar during the session.

Both the Nifty 50 and the Sensex ended the session with gains of over 1%. The broader market, however, closed on a mixed note, with the Nifty Midcap 100 index surging 1.10%, while the Nifty Smallcap 100 index ended marginally lower with a 0.08% decline.

Among sectors, the Nifty Pharma index emerged as the top performer, surging 2.73%, while the Nifty Metal index gained 2%. Other sectors, including Nifty PSU Bank, Nifty Chemicals, and Nifty Consumer Durables, also advanced over 1%. On the flip side, Nifty IT was the sole laggard, declining nearly 2%.

Meanwhile, geopolitical tensions remain elevated as prospects of a peace deal in West Asia weakened after US President Donald Trump termed Iran’s conditions as unacceptable. Investors are also closely monitoring the upcoming meeting between Trump and Chinese President Xi Jinping for further cues on global trade and economic policy.

Q4 performers dominate gainers’ list

Saregama India led the gainers list, surging 15% to ₹384 apiece, while NLC India closed with a solid 14% jump at ₹371 apiece as investors reacted positively to the company’s better-than-expected performance in the March quarter.

Adani Enterprises shares climbed 8.6% to hit a fresh all-time high of ₹2,713 following a large block deal. Strong Q4 performance also lifted Cipla shares by 8.2% to ₹1,436 apiece. After remaining under pressure for four consecutive sessions, Godrej Industries regained momentum, rebounding 7.4% to ₹1,153 apiece.

Bharti Airtel shares also responded positively to the earnings announcement, settling 5.3% higher at ₹1,883, while Berger Paints extended its earnings-driven rally, advancing another 5.3%.

Both exchange stocks, BSE and Multi-Commodity Exchange of India (MCX), rallied over 4%, while capital goods major Siemens strengthened 4.6% to ₹3,693 apiece. Cables and wires stocks such as RR Kabel and Polycab India also witnessed strong buying interest.

Other stocks, including Tata Communications, Engineers India, Zydus Lifesciences, Solar Industries India, Adani Power, and Vedanta, surged over 5%.

Meanwhile, new-age technology stocks, including Eternal, PB Fintech, and Nykaa, closed with gains of 3.4%, 2.8%, and 2.7%, respectively. Heavyweight HDFC Bank also advanced 2.7%.

Kaynes Tech, Garden Reach among top laggards

Kaynes Technology India crashed 20% to ₹3,336, marking its lowest level since late January and its biggest intraday slump in recent history, after brokerages cut earnings estimates following the company’s weaker-than-expected March quarter performance.

Garden Reach Shipbuilders & Engineers was another major laggard, falling 5.2% to ₹2,705 apiece, while Poly Medicure extended losses for the second consecutive session, declining another 4.4% to ₹1,521 apiece.

Other top laggards included DCM Shriram, Tube Investments of India, Persistent Systems, LIC Housing Finance, and Pine Labs, all of which declined over 4%.

Disclaimer: We advise investors to check with certified experts before making any investment decisions.