Top gainers, losers today: M&M, Tata Steel, Asian Paints, ITC among most active stocks; check full list

Domestic equity market benchmarks Sensex and Nifty settled higher on Thursday, September 14, amid broadly positive global cues ahead of the European Central Bank (ECB) interest rate decision.

Market sentiment remained strong on healthy domestic macro numbers as government data showed wholesale price inflation remained in the negative territory for the fifth straight month in August at -0.52 per cent. 

Sensex hit its fresh record high of 67,771.05 during the session and Nifty, too, scaled its fresh peak of 20,167.65 today helped by fag-end buying in oil & gas, metal and commodity stocks amid a largely firm trend in global equities.

Sensex closed 52 points, or 0.08 per cent, higher at 67,519 while the Nifty ended at 20,103.10, up 33 points, or 0.16 per cent. The BSE Midcap index ended with a gain of 1.02 per cent while the BSE Smallcap index rose 1.15 per cent. A mixed trend on the sectoral front kept the traders busy wherein metal and realty posted strong gains while FMCG ended on a muted note.

‘’Several stocks were seen buzzing around across sectors in the broader markets in today's trade with interested buying witnessed in Sugar stocks on reports of dip in production from Maharashtra on account of deficient rains,'' said S Ranganathan, Head of Research at LKP Securities.

In the Nifty index, 28 companies recorded advances, 21 registered declines, and 1 remained unchanged, reflecting a mixed trading sentiment among investors. Small- and mid-caps, which include more companies, have jumped nearly 31 per cent and 29 per cent, respectively this year, outperforming the more-than-10 per cent gains in the benchmarks.

Crude oil prices are near their 10-month high, boosted by a tighter supply outlook amid the prospects of healthy demand. Crude oil benchmark Brent Crude traded near the $93 a barrel mark on Thursday.

Commenting on today's market performance, Vinod Nair, Head of Research at Geojit Financial Services said, ‘’The market traded range-bound after touching a new high as higher-than-expected US inflation and anticipation of hawkish ECB policy meetings later today impacted investor sentiment. Concern over valuation and inflation trajectory due to increasing oil prices may navigate the market into a consolidation phase in the near-term.''

Here is the list of stocks which are the top gainers and losers during September 14th trading session:

Sensex:

Top gainers: Mahindra & Mahindra (2.56%), Tata Steel (1.66%), Tech Mahindra (1.57%), Nestle India (1.41%), and Power Grid Corp (0.98%)

Top losers: Asian Paints (-1.13%), ITC (-0.75%), Sun Pharmaceuticals (-0.38%), Bharti Airtel (-0.29%), and Bajaj Finserv (-0.29%)

Nifty50:

Top gainers: UPL (3.86%), Hindalco (3.30%), Mahindra & Mahindra (2.41%), ONGC (2.15%), and Divi's Laboratories (2%)

Top losers: Asian Paints (-1.15%), HDFC Life Insurance (-0.97%), Coal India (-0.86%), Britannia Industries (-0.74%), and LTIMindtree (-0.71%)

BSE:

Top gainers: DCW Ltd (14.71%), Cressanda Solutions Ltd (10.92%), Central Bank of India (10.66%), Dhampur Sugar Mills (10.36%), and Dwarikesh Sugar Industries Ltd. (9.84%)

Top losers: NIIT Ltd (-6.62%), Gujarat Mineral Development Corporation Ltd. (3.52%), Infibeam Avenues Ltd (-3.22%), Supreme Industries (-2.96%), and Jaiprakash Associates (-2.20%)

NSE:

Top gainers: PPAP Automotive Ltd (19.99%), DCW Ltd (18.03%), Kalyani Steel Ltd (17.13%), Elgi Rubber Company Ltd (16.40%), and Andrew Yule & Company Limited (16.41%)

Top losers: NIIT Ltd (-7.71%), Ajooni Biotech Ltd (-5%), Mittal Life Style Ltd (-4.96%), Usha Martin Education & Solutions Limited (-4.90%), and Century Extrusions Limited (-4.88%)

Where is Nifty headed?

The rotational buying across sectors is helping the index to inch gradually higher amid mixed global cues. We are eyeing 20,300 in the Nifty and expect the 19,800-19,950 zone to offer cushion in case of any dip. Meanwhile, participants should maintain their focus on stock selection and prefer index majors,'' said Ajit Mishra, SVP - Technical Research, Religare Broking.