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    Top gainers and losers of the day: Tourism, private bank stocks rally; PSU banks bleed

    Synopsis

    Private banks saw buying, but PSU banks were hammered. So were realty and metal stocks. Travel and tourism stocks were in demand. Volatility indicator showed traders are fearful now.

    Bulls-vs-bear-1---iStockiStock
    Kotak Mahindra Bank was the biggest bluechip gainer of the day, rising nearly 6 per cent after it announced the acquisition of German carmaker Volkswagen's captive vehicle finance business for an undisclosed sum.
    NEW DELHI: It was a volatile day for the market as benchmark indices hit their life-time peaks early in the morning on Friday, but profit booking brought them in the red.

    Private banks saw buying, but PSU banks were hammered. So were realty and metal stocks. Travel and tourism stocks were in demand. Volatility indicator showed traders are fearful now.

    The 30-share pack Sensex fell 125.27 points or 0.21 per cent to close at 59,015.89. The index gyrated 866 points before closing. Its broader peer NSE Nifty declined 44.35 points or 0.25 per cent to 17,629.50. Both indices hit intraday record highs during the day.

    Below are the key gainers and losers of the day:

    TOP GAINERS OF THE DAY

    Surya Roshni: Shares of the LED light maker spiked nearly 18 per cent after the company concluded its Annual General Meeting (AGM). The management said the firm will increase its ad spend and launch “innovative smart lighting solutions”.

    Kotak Mahindra Bank: The private sector lender was the biggest bluechip gainer of the day, rising nearly 6 per cent after it announced the acquisition of German carmaker Volkswagen's captive vehicle finance business for an undisclosed sum.

    IndiGo: Shares of Interglobe Aviation soared over 11 per cent on improving travel outlook across the country. Rising vaccination penetration and gradual opening of the economy has worked wonders for the counter.

    Poonawalla Fincorp: The investors brushed aside their initial scepticism and bought the stock at low level even after its managing director resigned in the wake of a Sebi probe. The counter ended up 3 per cent after hitting 5 per cent lower circuit in the morning trade.

    Bharti Airtel: The telecom services provider was another stock that was in demand. It rose over 1 per cent after telecom dispute appellate body TDSAT on Thursday stayed the telecom department's demand of Rs 1,376 crore from Bharti Airtel in unpaid past dues that defunct telco Videocon Telecommunications owed.

    TOP LOSERS OF THE DAY

    YES Bank: Profit booking in the counters brought the stock down by 10 per cent. The scrip has been volatile in the wake of a flurry of news flow. Moreover, White Oak Capital group said its subsidiary GPL Finance and Investments has received capital markets regulator Sebi's approval to acquire YES Asset Management from the current sponsor, YES Bank.

    IDFC: Shares of the company fell nearly 3 per cent after the company’s board approved to initiate steps to divest its mutual fund business subject to requisite regulatory approvals, as applicable.

    Steel stocks: Steel counters like Tata Steel, SAIL, etc fell up to 4 per cent on profit booking in the entire metal sector. Shares of aluminium and copper producers also fell.

    SBI: Shares of State Bank of India hit the life-time high in early trade, but a profit booking pushed the stock price lower. The scrip fell by over 2 per cent at the end of the day.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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