Biggest gainers & losers of the day: Paper, brokerage stocks fly high; Natco Pharma tanks 7%

New Delhi: Domestic equity markets ended the session on a high note ahead of the cabinet reshuffle planned by PM Narendra Modi. Metal, paper and brokerage stocks lead the pack, whereas auto stocks witnessed profit booking. Mixed global cues capped the gains.

The 30-share pack Sensex rose 193.58 points or 0.37 per cent to close at 53,054.76. The index is around 75 points from its all-time high levels. Its broader peer NSE Nifty climbed 61.40 points or 0.39 per cent to 15,879.65.

Paper stocks and brokerage stocks have been on a roll today, with multiple counters hitting the buyer circuit. Multiple stocks fell after the stock exchanges sought clarification on them.


Here is a look at some of the biggest movers and shakers of Wednesday's session:

TOP GAINERS OF THE DAY
Paper stocks: Demand is expected to pick up and grow by 11-15 per cent year-on-year in fiscal 2022 with schools, colleges and office spaces likely to open and drive demand. Pudumjee Paper Products, Shree Rama Newsprint, Emami Paper and Genus Paper surged 20 per cent each to Rs 46.50, Rs 189.50, 24.65, Rs 14.08 and Rs 14.08 respectively.

Brokerage stocks: The brokerage firms have been flying high on the back of a higher number of demat account additions. IIFL Securities surged 19 per cent to Rs 90.90. Edelweiss Financial Services and Motilal Oswal Financial Services gained 8-10 per cent.

Rashtriya Chemicals and Fertilizers: The chemical company has settled its dispute with GAIL (India) for recovery of differential gas pricing for an amount of Rs 1,439.57 crores filed by GAIL for Rs 87.17 Crores. The scrip ended at 87.80, 7 per cent higher.

Sobha: Shares of the reality firm soared as much as 6 per cent to Rs 518.60 on Wednesday. The total sales value in the Q1FY22 was up by 40 per cent to Rs 682.9 crore, as against total sales of Rs 487.7 crore in the same quarter previous year.

Tata Steel: The steel stock rose 4 per cent to Rs 1,217.80 after a sharp rise in steel prices in China. Beijing is eyeing to curb its steel productions citing the carbon emission norms, which is likely to raise demand for domestic steel producers.

TOP LOSERS OF THE DAY
Natco Pharma: Shares of the drug maker tanked as much as 7 per cent to Rs 1087.30 after Delhi High Court allowed an interim injunction application against the company that was filed by FMC Corporation on CTPR (Chlorantraniliprole).

Force Motors: The commercial automaker shed 5 per cent to Rs 1,356.80 after stock exchanges summoned the company over sudden rise in the volume of traded stocks. However, the company gave its clarification to the bourses.

Suzlon Energy: The renewable energy company hit lower circuit after the company's clarification to the bourses on being acquired by any large company. The firm denied such claims. The counter shed 5 per cent to Rs 8.41.

Trident: The textile producer slid 5 per cent to Rs 17.15 as the investors booked profit in the company. The company has been outperforming in 2021 so far.