Top Gainers & Losers: Nifty Climbs; Auto, Adani Stocks Drive Gains as IT Faces Headwinds | 01 Jul 2026, 12:00 PM IST
By ThePip DeskThe Nifty 50 rises over half a percent, closing near 24,000. Auto and Adani group stocks lead the charge, while IT and metal shares see declines.
Indian equities closed higher on Wednesday, July 1, 2026, with the Nifty 50 advancing +0.54% to settle at 23993.45, adding +128 points. The Nifty Bank also saw gains, up +0.52%, ending the day at 57842.90.
Top Gainers
| Company | Price | Change% |
|---|---|---|
| Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) | ₹1861 | +2.81% |
| Eternal Ltd. (ETERNAL) | ₹271.65 | +2.66% |
| Mahindra & Mahindra Ltd. (M&M) | ₹3145.8 | +2.51% |
| Nestle India Ltd. (NESTLEIND) | ₹1436.9 | +2.26% |
| Asian Paints Ltd. (ASIANPAINT) | ₹2690.5 | +2.08% |
| Hindustan Unilever Ltd. (HINDUNILVR) | ₹2157.3 | +1.85% |
| Axis Bank Ltd. (AXISBANK) | ₹1369.9 | +1.80% |
| Maruti Suzuki India Ltd. (MARUTI) | ₹14352 | +1.68% |
| Adani Enterprises Ltd. (ADANIENT) | ₹3082.9 | +1.54% |
| Bajaj Auto Ltd. (BAJAJ-AUTO) | ₹9848.5 | +1.36% |
The top gainers list was dominated by a diverse mix of sectors, with significant contributions from the automotive and Adani group stocks. Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) led the pack, gaining +2.81%, following its announcements regarding a share purchase and subscription agreement and a media release, indicating active corporate developments. Mahindra & Mahindra Ltd. (M&M) also saw a strong rise of +2.51%, boosted by news of its subsidiary company’s incorporation and a significant Memorandum of Understanding (MoU) signed with the Ministry of Road Transport and Highways (MoRTH), which includes an 8 percent discount on eligible trucks and buses. This development likely fueled investor confidence in the automotive OEM. Other notable gainers included Maruti Suzuki India Ltd. and Bajaj Auto Ltd., further highlighting positive sentiment in the broader auto sector. Additionally, consumer-oriented stocks like Nestle India Ltd., Asian Paints Ltd., and Hindustan Unilever Ltd. posted healthy gains, suggesting a buoyant mood in the FMCG and discretionary consumption space.
Top Losers
| Company | Price | Change% |
|---|---|---|
| Tech Mahindra Ltd. (TECHM) | ₹1362.1 | −3.03% |
| HCL Technologies Ltd. (HCLTECH) | ₹1053.9 | −1.67% |
| Hindalco Industries Ltd. (HINDALCO) | ₹946.5 | −1.06% |
| Larsen & Toubro Ltd. (LT) | ₹4100.8 | −1.03% |
| HDFC Life Insurance Company Ltd. (HDFCLIFE) | ₹570.5 | −0.93% |
| Cipla Ltd. (CIPLA) | ₹1453.4 | −0.82% |
| JSW Steel Ltd. (JSWSTEEL) | ₹1217.1 | −0.76% |
| Dr. Reddy’s Laboratories Ltd. (DRREDDY) | ₹1347.6 | −0.70% |
| Bajaj Finserv Ltd. (BAJAJFINSV) | ₹1768.7 | −0.65% |
| Tata Motors Passenger Vehicles Ltd. (TMPV) | ₹350.1 | −0.60% |
On the losing side, the IT sector faced significant pressure, with Tech Mahindra Ltd. (TECHM) dropping −3.03% and HCL Technologies Ltd. (HCLTECH) falling −1.67%, indicating a broad-based weakness in technology stocks. The metals sector also saw declines, with Hindalco Industries Ltd. and JSW Steel Ltd. both ending in negative territory. The pharma sector, represented by Cipla Ltd. and Dr. Reddy’s Laboratories Ltd., also ended in the red, suggesting some profit-booking or underlying concerns. Financials like HDFC Life Insurance Company Ltd. and Bajaj Finserv Ltd. were among the other prominent losers, alongside infrastructure major Larsen & Toubro Ltd. and Tata Motors Passenger Vehicles Ltd., which also posted a modest decline.
The day’s trading activity, with strong gains in auto and Adani group stocks contrasting with declines in IT and metals, suggests a rotation of investor interest within the market.