Why These Stocks Are Rising and Falling Today: Elecon Engineering, Finolex Cables & Anant Raj Gain; Hexaware, Godrej Consumer, MCX India Decline

India’s equity markets opened in the green on Thursday after US President Donald Trump played down the prospect of a prolonged conflict with Iran. This eased concerns over the impact of geopolitical tensions on global markets. As a result, crude oil fell to $90.58.

In addition, FIIs have shown some buying interest in India. In the first two trading sessions of September, FIIs have turned net buyers to the tune of ₹7,831 crore. 

Amid this background, let's have a look at the stocks that are the top gainers and losers on September 3, 2026.

Top Gainers for September 3: Elecon Engineering, Finolex Cables and Anant Raj Gain Up to 7%

1. Why Elecon Engineering Company Share Price Jumped by 7%

Elecon Engineering emerged as the top gainer in Nifty 500 on September 3, 2026. At 11:03 am, the stock was trading at ₹447.75, reflecting a gain of 7.48%.

Volumes were also high during the session. Volumes stood at 11.10 lakh as compared to its 30-day average of 4.57 lakh.
The rally came ahead of the company meeting analysts and investors in Mumbai on September 3.

2. Why is Finolex Cables' Share Price Buzzing on Thursday? 

Finolex Cables share price rose more than 6% on Thursday. At 11:09, the stock was trading at 1269, a gain of 6.53% as compared to its previous close of ₹1,191.20.

The rally came ahead of its ex-dividend date, which is scheduled for tomorrow, i.e. September 4, 2026. The company has declared a dividend of ₹9 per equity share.

3. Anant Raj Share Price Rallies 7%, Here’s Why 

Anant Raj share price also rallied on Thursday on back of robust volumes. The shares opened with a gap-up and at 11:17, the stock was trading at ₹633, reflecting a gain of 7.50% as compared to its previous close of ₹588.85. 

Talking about the high volumes, volumes stood at 124.30 lakh as compared to its 30-day average of 22.60 lakh.

Recently, on August 20, 2026, the company got a RERA registration certificate for the Estate One Project. 

Top Losers for September 3: Hexaware Technologies, Godrej Consumer and MCX India Fell Up to 3.6%

1. Why Has Hexaware Technologies Share Price Fell by 3.6%? 

Hexaware Technologies share price emerged as the top loser in the Nifty 500 index.

The stock opened with a gap-down and was trading at ₹523.85 at 11:14 am. At this level, the stock was down 3.63% as compared to its previous close of ₹543.60.

The fall in Hexaware Technologies share price came after Srikrishna Ramakarthikeyan resigned as the chief executive officer (CEO) and whole-time director of the firm, effective from October 28, 2026. He will be replaced by Vivek Jetley as CEO for a term of four years, with effect from October 28, 2026.

2. Godrej Consumer Product Made a 52-Week Low on September 3, Here’s Why 

Godrej Consumer Products Ltd also fell and made a 52-week low on September 3.

The stock opened in red and was trading at ₹873 at 11:18 am, down 3.54% as compared to its previous close. 

At the investor meeting on September 2, the new MD and CEO acknowledged the challenging environment, noting that the company's core categories have remained flat and profitability has come under pressure.

3. MCX India Share Price Declines; Know the Reason 

MCX India share price also emerged as one of the top losers in the Nifty 500 index on September 3.

As of 11:23 am, the stock was trading at ₹3,188, reflecting a fall of 2.98%. 

MCX reported a sequentially weaker set of earnings for the June quarter, with profit, revenue and operating margins declining amid a slowdown in transaction volumes.