Biggest gainers & losers of the day: Yaari Digital zooms 20%, KIOCL tanks

New Delhi: Domestic equity markets settled lower for the sixth straight session as volatility weighed on sentiments and benchmark indices wiped out the morning gains in the last few minutes. IT and auto stocks dragged the markets most.

The 30-share pack Sensex dropped 68.62 points or 0.12 per cent to 57,232.06. Its broader peer, Nifty50, shed 29.95 points or 0.17 per cent to 17,063.25. Broader markets outperformed as both BSE midcap and smallcap indices added a per cent each.

Vinod Nair, Head of Research at Geojit Financial Services said, "As global markets turned positive, domestic indices opened the day on a positive note, however, witnessed high volatility and succumbed to selling pressure to close the day in favour of bears."

Among the stock specific action, Yaari Digital and Orient bell zoomed 20 per cent each, followed by strong buying in Birla Cables and Bal Pharma. PNC rallied over order win. On the other hand, Dhanvarsha Finvest tumbled. Newly-listed Fino Payments Bank and Star Health Insurance disappointed.

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

Gainers for the day
Yaari Digital Integrated Services: After dropping about 35 per cent the last one week, the commerce and trading players saw some buying at the lower levels, hitting an upper circuit of 20 per cent to Rs 65.15.

Orient Bell: The smallcap tile maker zoomed about 20 per cent to Rs 565.45 over the strong technical set up on daily charts and sudden rise in the volume of the counter. The daily traded volume jumped manifold compared to the two week average.

Birla Cables: The fiber optic cable manufacturer continued to move northwards over the positive outlook for the sector, following the government's infra push. It rallied over 19 per cent to Rs 132.

Bal Pharma: The pharmaceutical player zoomed more than 19 per cent to Rs 120.15 after the rating agency ICRA upgraded the rating and outlook for long and short term loan instruments of the company.

PNC Infratech: The roads and highways firm jumped over 11 per cent to Rs 272.60 after it bagged three new hybrid annuity highway projects for an aggregate value of Rs 4384 crore from the National Highway Authority of India (NHAI).

Raymond: The textile major gained 10 per cent to Rs 749.85 following the optimism over the textile sector and positive growth outlook. Also, the government has declared some relaxation in the PLI scheme for the sector.

Losers for the day
KIOCL: The euphoria over the new plant of the state owned iron ore miner settled among the investors. The scrip plunged 9 per cent to Rs 227.75 on the back of profit-booking.

Dhanvarsha Finvest: The financial services player dropped 7 per cent to Rs 115 even after the company partnered with EZ Capital to provide gold loans.

Sadbhav Infrastructure Project: The road and highway player plunged 6 per cent to Rs 10.68 on the back of weak technical setup on the daily charts. The traded volume of the counter jumped manifold compared to the two week average.

Fino Payments Bank: The recently listed private lender has been on a free fall as it tumbled about 30 per cent of its value in the last one month, thanks to rich valuations and weak numbers. The scrip shed another 4 per cent to settle at Rs 268.10.

Star Health and Allied Insurance Company: Rakesh Jhunjhunwala backed health insurance player too has been under pressure since listing following the pricey valuations and poor results. The newly listed player fell 4 per cent to Rs 680.10.