NSE/BSE Top Gainers & Top Losers Today 3 Feb 2025: Bajaj Finance, Shriram Finance, M&M, Wipro, and Bajaj Finserv lead gains

Shares of Bajaj Finance, Shriram Finance, M&M, Wipro, and Bajaj Finserv closed were the major gainers of the Nifty 50 pack on Monday’s trade. L&T, Tata Consumer Products, Hero Motocorp, Coal India, and Bharat Electronics stock ended as the major laggards.

The broader market was under pressure as Sensex tumbled over 700 pts and Nifty dropped nearly 250 pts in today’s early trade, amid concerns of a trade war over US President Donald Trump imposing tariffs on Canada, Mexico and China, and a stronger dollar rally.

Rebounding from earlier loss, the BSE Sensex closed lower by 319.22 pts or 0.41 per cent at 77,186.74, and Nifty 50 dipped 121.10 pts or 0.52 per cent to 23,361.05.

In addition, Nifty smallcap 100 declined 2.13 per cent to 16,617.60, and Nifty midcap 100 slipped 0.93 per cent to 52,988.80.

Ajit Mishra – SVP, Research, Religare Broking Ltd, stated, “Markets began the week on a weak note, influenced by global cues, and declined by over half a percent. After opening with a gap-down, Nifty fluctuated between gains and losses before settling at 23,361.05.

On the sectoral front, Mishra added that IT posted decent gains, while pharma and auto saw marginal upticks. In contrast, energy, metal, and FMCG were the top laggards.

“Concerns over Trump’s tariff announcements overshadowed the budget’s impact, pushing the index toward its 20-week EMA, signaling caution amid consolidation. This phase may continue, with global cues, corporate earnings, and the upcoming MPC meeting playing a key role in market direction. Investors are advised to remain cautious and manage positions on both sides,” he added.

Vikram Kasat, Head – Advisory, PL Capital – Prabhudas Lilladher, emphasised the fear around the broad trade war, and quoted, “despite being anticipated, the move has still left markets on edge.”

Top gainers

Bajaj Finance emerged as the top gainer, surging by 5.12 per cent to close at ₹8410, driven by strong buying interest and positive sentiment in the financial sector. Shriram Finance followed, posting a gain of 3.06 per cent to ₹548.05.

M&M also recorded a 3 per cent increase, closing at ₹3169, reflecting optimism in the automotive sector.

Wipro saw a 2.72 per cent rise, ending at ₹313.1, as IT stocks showed resilience. Bajaj Finserv rounded up the list of top gainers with a 2.32 per cent increase, closing at ₹1794.75.

Shares of Saregama India and Jyoti Structures rallied to close nearly 10 per cent higher on the BSE. The latter has declared Q3 results today.

Top losers

On the flip side, Larsen & Toubro (LT) led the decline with a drop of 4.69 per cent, settling at ₹3,285.95.

Tata Consumer Products slipped by 3.07 per cent to ₹1,037, impacted by sectoral weakness.

Hero MotoCorp declined by 2.98 per cent to ₹4,270.8, reflecting cautious investor sentiment in the auto sector.

Coal India fell by 2.88 per cent to ₹374.2, and Bharat Electronics Limited (BEL) also dipped by 2.84 per cent, closing at ₹273.8, erasing recent gains.

Texmaco Rail, Siemens, Elecon, RITES, and HUDCO stocks closed as major laggards on the BSE, depreciating nearly 9 per cent.

Overall, while select financial and IT stocks boosted the market, sectors like infrastructure, metal, oil & gas and consumer goods faced pressure, indicating a mixed sentiment among investors.