Top gainers, losers: TCS, Power Grid, L&T, UltraTech Cement, NTPC among most active stocks today; check full list
Top gainers, losers today: The top Nifty gainers included L&T, which jumped to a record high after raising its buyback price.
PremiumDomestic benchmark indices Sensex and Nifty settled lower on Tuesday, September 12, exhibiting significant volatility throughout the session and the mid and smallcap spaces witnessing a strong wave of selloffs. Investors booked profits after the blue-chip index hit a record high near the open, while the small-caps and mid-caps snapped an 11-session winning run.
Global cues also run weak as investors await US inflation data due Wednesday and monetary policy meetings of the European Central Bank (ECB) on Thursday. European markets were trading on a mixed note when frontline indices closed.
Sensex closed at 67,221.13, up 94 points, or 0.14 per cent while the Nifty closed the day at 19,993.20, down 3 points, or 0.02 per cent. During the day, Nifty climbed 114 points or 0.57 per cent to hit its all-time high of 20,110.35.
Mid and small-caps suffered deep cuts today. The BSE Midcap index fell 2.96 per cent to 32,084.93 while the BSE Smallcap index plunged 4.02 per cent to 36,982.74. In early trade today, the midcap and smallcap indices hit their fresh record highs of 33,245.85 and 38,769.33 respectively.
Also, the small- and mid-caps have gained 9.4 per cent and 7.7 per cent, respectively, over the last 11 sessions, and have posted numerous record highs along the way. IT stocks gained 1.03 per cent on the heels of the tech-led rally on Wall Street overnight. Oil and gas stocks lost 2.82 per cent as crude oil prices held above $90 a barrel.
Commenting on today's market performance, Vinod Nair, Head of Research at Geojit Financial Services said, 'The level of pessimism has risen in the stock market leading to a precautionary approach to book profits on a notion that the valuation has extended beyond the rationale. The correction is happening on midcaps while large caps are maintaining their strength.
‘’This cautious trend can prevail in the short-term, but the end-game is on the rise of the domestic economy, surprising upside in corporate earnings, and change in domestic investment patterns, which is expected to continue on a long-term basis," added Nair.
Market observers and analysts await India's inflation data for August and industrial production data for July, scheduled to be revealed later today.
Here is the list of stocks which are the top gainers and losers during September 12th trading session:
Sensex:
Top gainers: Tata Consultancy Services (TCS) (2.91%), Larsen & Toubro (1.68%), Infosys (1.66%), UltraTech Cement (1.49%), and ICICI Bank (1.28%)
Top losers: Power Grid Corporation (-3.48%), NTPC (-3.31%), Tata Motors (-2.19%), Tata Steel (1.68%), and Mahindra & Mahindra (-1.55%)
Nifty50:
Top gainers: Tata Consultancy Services (TCS) (2.64%), Larsen & Toubro (1.88%), Infosys (1.66%), UltraTech Cement (1.43%), and Dr Reddy's Laboratories (1.41%)
Top losers: Bharat Petroleum Corp Ltd (-3.79%), NTPC (-3.60%), Power Grid Corporation (-3.25%), Adani Enterprises (-3.17%), and Coal India (-3.08%)
BSE:
Top gainers: NIIT Ltd (18.44%), ITI Ltd (11.41%), Indoco Remedies (4.84%), JB Chemicals & Pharmaceuticals (2.97%), and Blue Drat Express (2.96%)
Top losers: Texmaco Rail & Engineering (-14.75%), Jindal Saw (-12.98%), Alok Industries (-11.67%), BEML (-11.31%), and Cochin Shipyard (-11.29%)
NSE:
Top gainers: NIIT Ltd (20%), Norban Tea & Exports (10%), ITI Ltd (9.34%), Ajooni Biotech (7.29%), and Suratwwala Business Group (6.57%)
Top losers: The State Trading Corp of India (-14.18%), Texmaco Rail & Engineering (-13.75%), Inventure Growth & Securities (-12.96%), Heritage Foods (-12.54%), and Jindal Saw (-12.37%)
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