Biggest gainers & losers of the day: RateGain plunges on debut, MTNL zooms 20%

New Delhi: Weakness in the domestic equity markets continued on Friday as the rising Omicron cases in the US and Europe spooked investors. Selling pressure due to FII outflows and hawkish views of the global central banks dampened the sentiments further.

The 30-share pack Sensex bled 889.40 points or 1.54 per cent to close at 57,011.74. Its broader peer Nifty50 tanked 263.20 points or 1.53 per cent to 16,985.2. The broader markets underperformed as BSE midcap and smallcap indices dropped over 2 per cent each.

Vinod Nair, Head of Research at Geojit Financial Services said, "weak global sentiments inundated domestic indices as markets are digesting the hawkish stance of major central banks amid surging Omicron cases."

The broader markets took a severe hit. RateGain Travel had a forgetful debut, whereas Suvidhaa Infoserve and Shriram EPC hit investors' wealth. Indiabulls housing bled after promoter's exit. MTNL led the gainers, followed by Indo National.

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

LOSERS

RateGain Travel Technologies: The latest debutant on Dalal Street was initially listed at a discount of 14 per cent on the bourses and further took a hit of 7 per cent. The counter saw a 20 per cent fall from its issue price of Rs 425 and it settled the day at Rs 340.50.

Shriram EPC: The smallcap construction and engineering player tanked 10 per cent to hit Rs 7.38 on the back of profit booking after a sharp rally in the counter. The scrip had rallied about 50 percent in the last one month and investors took some money off the table.

Suvidhaa Infoserve: The Shapoorji Pallonji-backed online electronic payments solutions player shed 9 per cent to Rs 14.43 after the BSE sought clarification from the company over its sudden spike in price. The scrip has rallied 55 per cent in just three sessions.

Kitex Garments: The South India-based kids garment player plunged 9 per cent to Rs 185.35 after the BSE sought clarification from the company over the sudden surge in the price and volume in the counter.

Indiabulls Housing Finance: The leading NBFC shed 8 per cent to Rs 233.10 after Sameer Gehlaut, promoter of the company sold a nearly 12 per cent stake in the firm through promoter companies to make it a fully professionally managed entity.

Tata Motors DVR: The commercial Vehicles player dropped 8 per cent to Rs 231.20 following its virtual investor/analysts meeting with multiple brokerage and fund houses, which were scheduled for Tuesday and Wednesday.

GAINERS

Mahanagar Telephone Nigam: The beleaguered telecom services player zoomed 20 per cent to Rs 26.90 as the government is selling its assets and land bank. Also, the Ministry of Communications said that the government has paid the salary of employees till November 2021.

Indo-National: The manufacturer of Nippo Batteries surged 17 per cent to Rs 507.95 on the back of a strong technical setup amidst the weak markets. The traded volume of the counter jumped manifold compared to the two-week average.

Nectar Lifesciences: The pharmaceutical player rallied 6 per cent to Rs 27.90 after a days' hiatus. The scrip has been on an upward momentum of late. It has advanced 16 per cent in the last one month.