Nifty Top Gainers And Losers On Dec. 31: From Bharat Electronics, ONGC To Tech Mahindra

Bharat Electronics Ltd., Oil & Natural Gas Corp. Ltd., and Kotak Mahindra Bank Ltd. emerged as the top gainers on Tuesday, while Tech Mahindra Ltd., Tata Consultancy Services Ltd., Infosys Ltd., and SBI Life Insurance Co. were among the worst performers.

The benchmark indices extended losses for a second session on Tuesday, with the Nifty 50 declining as much as 0.78% to the day's low of 23,460.45, and the Sensex falling 0.88% to the day's low of 77,560.79.

As the year comes to an end, the NSE Nifty 50 and BSE Sensex record the best yearly winning streak since their inception. The benchmark indices rose for nine years in a row, despite sharp losses in the last three to four months of 2024.

Bharat Electronics, the top gainer in the Nifty, closed 2.90% higher at Rs 293.15 apiece after it rose as much as 3.19% during the day. This comes after the shares saw a 3.15% fall on Monday.

ONGC was also among the key gainers of the day as its stock closed 2.84% higher at Rs 239.25 apiece on the National Stock Exchange. The stock had fallen 1.79% lower in the previous session. Kotak Mahindra Bank's stock rallied to close 2.54% higher.

Trent Ltd. closed 2.43% higher at Rs 7,123.35 per share after seeing a 2.76% rise during the day. This is after the company's shares fell 1.55% in the last two sessions.

Coal India Ltd. was also among the top gainers. It closed 1.65% higher at Rs 384.15.

On the flip side, Tech Mahindra plunged up to 3.35% before closing 1.99% lower at Rs 1,706.20 apiece. The stocks of other IT firms like Infosys and Tata Consultancy Services also closed 1.36% and 1.54% lower. This comes after the US treasury yields remain elevated above 4.5%, adding pressure on the IT sector.

SBI Life Insurance and Adani Enterprises, which were also among the drags, settled 0.92% and 2.46% lower, respectively.