Top Gainers and Losers: Shriram Finance, Solar Industries Surge; United Spirits, Tech Mahindra Slip as Markets Rally

By 9:50 a.m. IST, the Nifty 50 was up 1.6% at 23,277.50, while the Sensex gained 1.53% to 75,212.07. If the trend holds, this would mark the second straight session of gains. Broader markets outperformed, with mid-cap and small-cap indices rising 2.2% and 2.7%, respectively.

The Nifty 100 also showed positive sentiment, surging 1.83%. The index opened at 23,672.50 and moved higher to touch 23,935.90, close to its intraday high, indicating strong buying interest. Total traded volume stood at 21,53,60,523 shares.

Global Relief Rally Lifts Sentiment

Markets have found some support after Asian markets rose by 1.7%, while crude oil prices have fallen below $100 a barrel. The fall in crude prices is due to expectations that a ceasefire will minimize supply disruptions.

US President Donald Trump has hinted that a resolution to end the conflict is being worked on, with a 15-point proposal reportedly being sent to Iran. However, Iran has denied any talks with the US, keeping some uncertainty alive.

Indian markets have recovered after a fall, but still remain lower by 7.6% so far this month due to the earlier rise in crude prices and foreign outflows.

Top Gainers in Nifty 100

Shriram Finance emerged as the top gainer among the index stocks. The stock opened at ₹919 and climbed to a high of ₹951 before trading at ₹949.1, marking a gain of 5.04% over its previous close of ₹903.6. It saw healthy participation with volumes of 35,09,728 shares.

Solar Industries also witnessed strong buying interest. The stock moved from an opening of ₹12,674 to a high of ₹13,258 and was last seen at ₹13,160, up 4.83% from its previous close of ₹12,554. Volumes stood at 72,320 shares.

Trent continued its upward trend, gaining 4.12%. The stock opened at ₹3,415.60, touched a high of ₹3,511 and traded at ₹3,504.40 compared to its previous close of ₹3,365.60. It recorded volumes of 3,22,052 shares. The company plans to raise up to ₹500 crore through the issuance of unsecured, redeemable non-convertible debentures (NCDs) on a private placement basis. The proposal will be considered at its board meeting scheduled on March 26, 2026. This comes ahead of the maturity of its existing ₹500 crore NCDs, issued on May 31, 2021, which are due for redemption on May 29, 2026.

Top Losers in Nifty 100

On the flip side, a few stocks saw mild profit booking despite the broader rally.

United Spirits was the biggest laggard among the selected stocks, falling 1.57%. It opened at ₹1,337.90 and slipped to ₹1,307.10 from its previous close of ₹1,328. The stock touched a low of ₹1,305 during the session, with volumes of 12,21,827 shares. The company to sell 100% stake in Royal Challengers Sports Pvt. (RCSPL) for ₹16,660 crore to a consortium led by Aditya Birla Group, Times Group, Bolt, and Blackstone

Tech Mahindra also traded lower, declining 0.79%. The stock moved between ₹1,393 and ₹1,422.40, and was last seen at ₹1,421.40 against a previous close of ₹1,432.70. Volumes stood at 16,13,089 shares.

Max Healthcare saw marginal weakness, slipping 0.14%. It opened at ₹973.9, touched a high of ₹980.2 and a low of ₹966.9, and was trading at ₹967.8 compared to its previous close of ₹969.2. The stock recorded volumes of 3,49,710 shares.

Broad Trend Remains Positive

The overall market sentiment is also favorable, with 15 of the 16 sectoral indices trading higher. This is due to the hopes of a resolution in the geopolitical tensions and a fall in oil prices.

However, since Iran has refused direct talks, the market is likely to be careful. For now, the market is reacting to global events, particularly the US Iran situation and oil prices.