Biggest gainers & losers of the day: Rally in RCom continues; HFCL bleeds 6% after QIP

New Delhi: Domestic equity markets recouped morning losses in the last hours of trade to close flat as buying in media and PSU lenders supported the sentiments. That said, market participants keenly awaited the key US inflation numbers due later today.

The 30-share pack Sensex shed only 20 points or 0.03 per cent to close at 58,787. Its broader peer Nifty50 gave up merely 6 points or 0.03 per cent to 17,511. The broader markets outperformed as the BSE Midcap and Smallcap indices settled in green.

Vinod Nair, Head of Research at Geojit Financial Services said Indian benchmark indices traded with cuts to close flat following weak sentiments in the global market as investors awaits the release of Indian and US November inflation numbers.

In stock-specific moves, Reliance Communication hit the upper circuit for the straight second session, while Network18 Media extended gains. HFCL shares dipped following Rs 600 crore QIP. Star Health, meanwhile, ended unchanged at Rs 900.

Let's have a look at the biggest movers and shakers of Friday's session:

GAINERS
Reliance Communication: Anil Ambani-led telecom play hit the upper circuit of 20 per cent for another day to end at Rs 4.35 as the company continued its upward trend amid the positive sentiment for the sector. The stock has rallied about 45 per cent in the last one week.

Network18 Media & Investment: The advertising and media player zoomed 16 per cent to Rs 109.25 amidst the reports that Mukesh Ambani is eyeing to enter sports broadcasting in a market. The scrip has jumped 50 per cent in the last five sessions.

GOCL Corporation: The speciality chemicals player surged 14 per cent to Rs 344.75 on the back of a strong technical set-up on the daily charts. The traded volume of the counter jumped manifold compared to the two-week average.

CreditAccess Grameen: The NBFC player surged 13 per cent to Rs 604 following the company's participation in the Edelweiss Conference call.

Mirza International: The footwear player which owns brands like Red Tape, Mode and Bond Street rallied 13 per cent to Rs 129.05 as the IPO of Metro Brands, another footwear retailer, opened for subscription on Friday.

IDBI Bank: The LIC-owned lender gained 11 per cent to Rs 53.90 ahead of the much-awaited IPO of the Life Insurance Company. There are reports which suggest that there may be some big updates over the mega IPO of the life insurer.

LOSERS
HFCL: The telecom gear player tanked over 6 per cent to Rs 86.60 after the company allotted 8,72,72,727 equity shares with the face value of Re 1 each to 21 institutional buyers at Rs 68.75 per share to raise Rs 600 crore via QIP.

Jaiprakash Power Ventures: The smallcap electric utility player shed 5 per cent to Rs 5.51 on the back of profit booking. The scrip had rallied 25 per cent in the last five sessions and investors took some profits off the table.

Kirloskar Brothers: The industrial machinery player hit a lower circuit of 5 per cent to Rs 363.40 on the back of a weak technical set-up on the daily charts. The traded volume of the counter jumped manifold compared to the two-week average.

DFM Foods: The packaged food firm dropped over 4 per cent to Rs 308.80 as the BSE sought clarification from the company about the sudden surge in the price and volume of the company.