Top gainers and losers on September 8: Tata Motors, Bajaj Auto, Mahindra & Mahindra shares rise over 4%; check full list

NIFTY Smallcap 100 index advanced 0.16% or 29 points to close at 17,684. As many as 50 shares in the NIFTY Smallcap 100 index ended higher while 48 closed lower. The Indian equity benchmarks ended on a positive note on Monday, September 8, powered by gains in auto stocks after some automobile companies over the weekend announced price cuts to pass on the benefits of the GST rate reduction to customers. The SENSEX rose as much as 461 points and NIFTY50 index touched an intraday high of 24,885 before giving up most of the intraday gains on account selling pressure in Trent, Larsen & Toubro, Infosys and Tata Consultancy Services. The SENSEX ended 77 points or 0.09% higher at 80,787 and NIFTY50 index advanced 32 points to close at 24,773. NIFTY50 top gainers and losers Tata Motors was top gainer in the NIFTY50 index, the stock rose 4.25% to close at ₹721. Bajaj Auto (4.08%), Mahindra & Mahindra (4.01%), Eicher Motors (3.31%) and JSW Steel (2.79%) were also among the gainers. On the other hand, Trent was top loser in the NIFTY50 index, the stock fell 4% to close at ₹5,308. Asian Paints (-1.74%), Dr Reddy's Labs (-1.35%), Coal India (-1.35%) and Nestle India (-1.28%) were also among the losers. NIFTY Midcap 100 gainers and losers NIFTY Midcap 100 index advanced 0.5% or 286 points to close at 57,361. As many as 65 shares in the NIFTY Midcap 100 index ended higher while 35 closed lower. Bharat Forge was top gainer in the NIFTY Midcap 100 index, the stock closed 5.81% higher at ₹1,202.70 after the company informed exchanges that its step-down subsidiary Agneyastra Energetics entered into an agreement with Andhra Pradesh Industrial Infrastructure Corporation Ltd, an industrial infrastructure agency of the Government of Andhra Pradesh, for the purpose of land purchase. Ashok Leyland (5.08%), Aditya Birla Fashion and Retail (3.88%), Tube Investments of India (3.41%) and Exide Industries (3.23%) were also among the gainers. On the flipside, Supreme Industries (-2.62%), Persistent Systems (-2.20%), Max Healthcare (-1.84%), Colgate Palmolive (-1.46%) and Waaree Energies (-1.35%) were losers in the NIFTY Midcap 100 index. NIFTY Smallcap 100 gainers and losers NIFTY Smallcap 100 index advanced 0.16% or 29 points to close at 17,684. As many as 50 shares in the NIFTY Smallcap 100 index ended higher while 48 closed lower. IDBI Bank was top gainer in the NIFTY Smallcap 100 index, the stock rose 3.62% to close at ₹92.09 after Finance Minister Nirmala Sitharaman told CNBC TV18 that divestment process of the bank is moving fast and will be completed by end of current financial year. Aarti Industries (3.57%), IIFL (3.09%), Kaynes Technology India (3%) and PCBL (3%) were also among the gainers. On the contrary, Amber Enterprises was top loser in the NIFTY Smallcap 100 index, the stock fell 3.92% to close at ₹7,488 after the company said ILJIN Electronics India (ILJIN), a material subsidiary and electronics division of Amber Group, announced that it has ₹1,200 crore in strategic funding through separate definitive agreements with prominent investors, ChrysCapital and InCred Growth Partners Fund I (InCred PE). "ChrysCapital, one of the leading private equity funds investing in India, is leading this investment round, whereby they will invest ₹1,100 crore and InCred PE will invest ₹100 crore in the form of equity shares and compulsory convertible preference shares. The transaction is subject to regulatory approval," the press release added. Godfrey Philips (-3.90%), PVR Inox (-3.19%), HBL Engineering (-2.49%) and The Great Eastern Shipping Company (-1.87%) were also among the laggards. 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.