Top Gainers & Losers: Nifty 50 Gains as Banking Stocks Lead While IT Sector Faces Pressure | 03 Sept 2026, 12:00 PM IST
By ThePip Desk
The Nifty 50 climbed 0.23% to 23968.30 on Thursday, led by strong gains in the banking sector, while IT stocks faced selling pressure across the board.
The Nifty 50 index closed higher on Thursday, rising 0.23% to 23968.30, while the Nifty Bank index outperformed with a 0.78% gain. Market sentiment was buoyed by strength in financial services and infrastructure-linked stocks.
Top Gainers
| Company | Price | Change% |
|---|---|---|
| ADANIPORTS | 1706.5 | +2.02% |
| AXISBANK | 1271.8 | +1.43% |
| HDFCBANK | 709.85 | +1.29% |
| JIOFIN | 239.45 | +1.08% |
| ICICIBANK | 1440.2 | +0.96% |
Financials dominated the top gainers list today. Adani Ports led the index following positive cargo volume performance updates. Axis Bank saw gains after announcing the inauguration of 50 new branches across India. Major private banks including HDFC Bank and ICICI Bank also contributed to the positive momentum in the financial space.
Top Losers
| Company | Price | Change% |
|---|---|---|
| TECHM | 1600.5 | −1.39% |
| HCLTECH | 1315.2 | −1.22% |
| TITAN | 5014 | −1.18% |
| INDIGO | 4965 | −1.10% |
| ONGC | 235.49 | −0.85% |
The IT sector faced significant selling pressure, with Tech Mahindra and HCL Technologies appearing as the day’s top laggards. Consumer discretionary and energy stocks also saw mild profit-taking, reflected in the declines seen in Titan and ONGC.
The divergence between the banking sector’s strength and the IT sector’s weakness suggests a rotation toward financial services as the primary driver of market sentiment.