The Indian equity benchmarks snapped came off intraday low levels and ended the session in negative territory on Monday, April 13, as investor sentiment remained cautious after ceasefire talks between the United States and Iran ended without an agreement over the weekend.
The SENSEX fell as much as 1,682 points and NIFTY50 index touched an intraday low of 23,555 dragged down by losses in index heavyweights like HDFC Bank, Reliance Industries, Maruti Suzuki, Bajaj Finance and ITC.
The SENSEX ended 703 points lower at 76,848 and NIFTY50 index declined 208 points to settle at 23,843.
NIFTY50 top gainers and losers
Eicher Motors was top loser in the NIFTY50 index, the stock fell 5.04% to close at ₹7,050 after Delhi government's draft electric vehicle policy called for called for banning petrol two-wheeler vehicles from registration from 2028.
Maruti Suzuki dropped 4.62% t close at ₹13,076 after the draft EV policy proposed that all electric cars with an ex-showroom price of ₹30 lakh or less registered in the national capital will be granted 100% exemption on road tax and registration fees till March 31, 2030.
Bajaj Finance (-2.97%), Reliance Industries (-2.68%) and InterGlobe Aviation (-2.64%) were also among the laggards.
On the flip side, HDFC Life (2.71%), Adani Enterprises (2.08%), ICICI Bank (1.9%), NTPC (1.58%) and Tata Motors PV (0.88%) were among the notable gainers in the NIFTY50 index.
NIFTY Midcap 100 top gainers and losers
NIFTY Midcap 100 index fell 0.57% or 331 points to close at 57,513. As many as 68 shares ended lower while 32 closed higher.
APL Apollo was top loser in the NIFTY Midcap 100 index, the stock declined 4.18% to close at ₹1,978.
Hero MotoCorp (-4.18%), PB Fintech (-3.95%), Swiggy (-3.44%) and Ashok Leyland (-3.27%) were also among the top losers in the NIFTY Midcap 100 index.
On the other hand, Tata Investment Corporation (6.51%), JSW Energy (5.25%), MCX (3.92%), Voltas (3.83%) and Blue Star (2.37%) were top gainers in the NIFTY Midcap 100 index.
NIFTY Smallcap 100 top gainers and losers
NIFTY Smallcap 100 index declined 0.46% or 78 points to settle at 16,762. A total of 68 shares ended lower while 32 ended higher.
Jyoti CNC Automation was top loser in the NIFTY Smallcap 100 index, the stock fell 14% to settle at ₹700.85 after the company said its material subsidiary Huron Graffenstaden SAS and few of the employees are facing investigation from French authorities.
The investigation follows suspicions that Jyoti CNC Automation's indirect wholly owned subsidiary, Huron Graffenstaden SAS, exported certain machines with dual-use technology in alleged violation of European Union laws.
Ola Electric declined 7% on profit booking after witnessing a strong up move in the last one month.
Afcons (-5.85%), Cohance Lifesciences (-5.27%) and Neuland Labs (-3.02%) were also among the laggards in the NIFTY Smallcap 100 index.
On the contrary, Ather Energy was top gainer in the NIFTY Smallcap 100 index, the stock rose 5.2% to close at ₹908 as it will benefit if the draft EV policy is implemented by the Delhi government.
Sarda Energy (5.12%), Welspun Corp (5.01%), Reliance Power (3.73%) and Tata Chemicals (3.64%) were top gainers in the smallcap space.
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.