Top Movers

Budget day for the stock markets was not a cheery one, with the benchmark BSE Sensex and NSE Nifty shedding 1.2 per cent each at the end of the day's trading.

For the week, the two indices were down 0.2 per cent. BSE Midcap and BSE Smallcap indices fared better, down 0.7 and 1.1 per cent respectively. The broader CNX500 index was also down 1.2 per cent at the end of Friday's trade.

Here's recapping the stocks that gained and lost the most during the Budget day trading.

Who gained

Permitting two-way fungibility of Indian Depository Receipts led the stock of Standard Chartered to hit its upper circuit of 20 per cent.

The stock of Atlas Cycles , meanwhile, hit its 20 per cent upper circuit while Tube Investments gained up to 6 per cent on the back of a hike in customs duty on imported cycles and parts.

The possibility of foreign direct investment in multi-brand retail seeing light of day, together with the increase in abatement for branded garments helped the stock of Shoppers Stop shoot up to a high of 19 per cent during trading, while Trent moved up 4 per cent.

Both stocks lost some gains by the day's end.

Even with a rise in excise duty, confidence that cigarette companies could pull off price hikes helped the stocks of Godfrey Philips , ITC and VST Industries chart massive gains of 7 to 13 per cent during the day.

The three stocks ended with gains of 3 to 9 per cent.

The stock of SKS Microfinance gained as much as 6 per cent during the day after the Budget announced a Microfinance Bill which could help it improve recoveries.

The stock of Dewan Housing Finance closed the day with a gain of 5 per cent on Budget initiatives on affordable housing and extension of interest subvention for low and mid-income buyers.

Contrary to expectations, a big hike in excise duty for diesel cars did not materialise this Budget. The stocks of Mahindra & Mahindra and Maruti Suzuki shot up 6 and 5 per cent during trading but later ceded some gains.

The stocks of Sadbhav Engineering and IRB Infrastructure Developers moved up on increased infrastructure outlay, especially in roads.

The stocks were up 2 and 4 per cent respectively on Budget day.

Who lost

Speculation that Cadilla Healthcare and Sun Pharma could fall victims to the proposed Alternate Minimum Tax caused the stocks to plunge 5 and 7 per cent.

The BSE Oil & Gas index was by far the worst sector performer, plummeting 3.3 per cent.

Hike in cess on crude oil, lack of clarity on subsidy sharing and no increase in controlled fuel prices sent oil stocks reeling. The stocks of ONGC, Oil India and CairnIndia were down 4.4-6 per cent.

Lack of clarity on packages for power distribution companies mitigated other power initiatives in the Budget sending the stocks of Adani Power and Tata Power down between 3 to 4 per cent.

The stock of BHEL fell 3.5 per cent as an expected hike in import duty on power equipment failed to be met in the Budget.

The stocks of Muthoot Finance and Manappuram Finance shed 1 and 4 per cent respectively on an import duty hike in gold and platinum.

Increase in import duty of gold ore for refining led to the stocks of Shree Ganesh Jewellery House and Rajesh Exports to a decline of 3 and 1 per cent which have set up plants for refining gold.

The stocks of REC and PFC fell 3 per cent after the Budget failed to extend the benefit of infrastructure bonds.

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