Shriram Finance and Coal India were up around 4.9% each, which completed the top five names on the gainers side.
Steel and financial stocks were the ones topping the gains, and many investors glancing at the evening lists would have seen the same trend.
How the lists are ranked
A gainers list orders stocks by the percentage change in the share price against the previous day's close.
On that page, it shows the ranking gets refreshed during the trading session and is not set just once at market close. So a stock that is at the very top in the morning can be pushed down by afternoon, and only when the session ends do we know the final order.
People who open these pages in the daytime are seeing a ranking that keeps on changing.
The study did not uncover any published method for creating the gainer and loser lists, so the points above are based on how one broker's page explains the ranking.
What a percentage ranking leaves out
The The NSE's main stock index, which tracks 50 large, actively traded companies and weights each by the market value of its publicly tradable shares. Read the full meaning of Nifty 50 does not act like a simple list of winners. Since 26 June 2009, A regulated electronic marketplace in Mumbai where buyers and sellers trade shares and other securities at publicly visible prices. Read the full meaning of NSE (National Stock Exchange) has assigned each constituent weight based on its free‑float market capitalisation and the index is rebalanced twice a year, not reset daily.
A stock with a large weight can therefore move the index more than a stock with a bigger percentage gain. On the same Monday, RIL climbed around 12% and the Sensex gained about 1,233 points, as per Business Standard. NSE sectoral indices finished mixed, with Nifty Oil and Gas as the top sector gainer.
A list ranks the size of a move and it does not show how much a stock affected the index.
NSE has not published a methodology for the gainer and loser lists themselves, so how they treat very small or thinly traded stocks is not stated. The lists are best read as a snapshot of that session.
