Biggest gainers & losers of the day: Nureca, India Glycols, Cybertech zoom 20% each

The 30-share pack Sensex dropped 90.99 points or 0.16 per cent to close at 57,806.49. Its broader peer Nifty50 shed 19.65 points or 0.11 per cent to 17,213.60. The broader markets outperformed as BSE midcap and smallcap indices settled higher.

Arijit Malakar, Head Research (Retail) of Ashika Stock Broking said, “market traded flat today and closed in negative territory. In the past two trading days, the market witnessed positive momentum on the back of short-covering ahead of December F&O expiry.”

Among the stock-specific action, , Cybertech Systems and India Glycols hit their upper circuits of 20 per cent each. Manaksia Aluminum and Jaiprakash Power Ventures topped in the losers pack on the back of profit booking.

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

GAINERS

Nureca: The healthcare supplier hit its upper circuit limit of 20 per cent at Rs 1,691.50, ahead of rising cases of Omicron variant in the country and multiple states imposing restrictions, increasing demand for the healthcare products.

Cybertech Systems and Software: The smallcap IT player hit its upper circuit of 20 per cent at Rs 199.20, ahead of its financial results for the third quarter of the current fiscal. The company will announce its earnings soon.


India Glycols: The speciality chemical player also hit its upper circuit of 20 per cent at Rs 925.65 on the back of a strong technical setup on daily charts. The traded volume of the counter jumped manifold compared to the two-week average.


Manaksia: The iron and steel products maker zoomed 16 per cent to Rs 77.5 ahead of its financial results for the third quarter of the current fiscal. The company will announce its earnings soon.


NACL Industries: The agrochemicals player advanced 15 per cent to Rs 99.35 on the back of a strong technical setup on daily charts. The traded volume of the counter jumped manifold compared to the two-week average.


Sharda Motor Industries: The auto parts maker rallied 12 per cent to Rs 890.35 ahead of its investor/analyst meeting scheduled on Wednesday via virtual mode. Discussions will be based on publicly available information, it said.


LOSERS

The smaller aluminum player tanked over 9 per cent to Rs 29.10 as investors took some profit off the table. The counter has gained about 50 per cent in the last week.


Kabra Extrusion Technik: The smallcap industrial machinery player shed 7 per cent to Rs 420.50 on the back of profit-booking. The counter has rallied about 55 per cent after December 20 so far.

Jaiprakash Power Ventures: The smallcap electric utility player shed about 6 per cent to Rs 6.07 on the back of weak technical set up on the daily charts.