Biggest gainers & losers of the day: Jindal Stainless shines; Capacite Infra extends cuts

New Delhi: Domestic equity market extended its gains on Tuesday on the back of strong buying in financials, banks and metal stocks. However, profit booking in IT stocks wiped out some gains. Positive global cues aided traders’ sentiments.

The 30-share pack Sensex rose 403.19 points or 0.73 per cent to close at 55,958.98. Its broader peer NSE Nifty climbed 128.15 points or 0.78 per cent to 16,624.60. Broader markets outperformed with BSE midcap and smallcap index gaining about 2 per cent each.

Listing of Aptus Value Housing and Chemplast Sanmar disappointed the investors. Both the companies made a weak debut. Jindal Stainless duo was high in demand, whereas Capacite Infra continued its double digit decline after ratings downgrade.


TOP GAINERS OF THE DAY

Jindal Stainless: The metal producer soared 17 per cent to Rs 150.35 as the company said it expects to pare debt and meet its carbon emission goals with the divestment of its entire stake in its thermal power unit to Worldone, a promoter group company.

Jindal Stainless (Hisar): The integrated stainless steel manufacturer rallied 13 per cent to Rs 277.85 on the rub-off effect of a sharp rally in Jindal Stainless. It is expected that it will merge into Jindal Stainless soon.

Linde India: The industrial gas producer jumped 12 per cent to Rs 2,286.75 after the government of Delhi notified Medical Oxygen Production Promotion Policy 2021. This will give various benefits to the company including subsidies.

BLS International: The global tech-enabled visa processing company has launched immigration consultancy for individuals and families who want to migrate to Canada. The scrip extended its gains and surged 12 per cent to Rs 189.40.

Ujjivan Small Finance Bank: Traders flocked to the beleaguered small lender after a sharp 50 per cent fall. It zoomed 10.30 per cent to Rs 20.35 as the trading volume advanced heavily compared to the daily average.

Bajaj Finserv: The leading NBFC players added 8 per cent to Rs 16475.25 after the company said it has received an in-principle approval from Securities and Exchange Board of India (Sebi) for sponsoring a mutual fund.

TOP LOSERS OF THE DAY

Capacite Infraprojects: The construction and engineering firm continued to bleed after India Ratings & Research downgraded the long-term rating of the company. It tanked 12 per cent to Rs 140.

Mahindra Logistics: The transportation player shed 5.42 per cent to Rs 742.40 as investors booked profit in the company after a sharp 30 per cent rise in the last one month, when second rung stocks were hammered.

The New India Assurance Company: The general insurer declined 5 per cent to Rs 152.85 as euphoria over privatisation settled down. The government has not made any final call thus far.

KPIT Technologies: Investors booked profits in the midcap IT player post its 20 per cent rally in the last one week. The scrip settled 5 per cent lower at Rs 315.