Top Gainers & Losers: Nifty Climbs as Auto, Metals Shine; IT Sector Faces Significant Headwinds | 06 Jul 2026, 12:00 PM IST
By ThePip Desk
Indian equities close higher, with Nifty 50 gaining over half a percent. Auto and metal stocks led the rally, while the IT sector experienced broad-based declines.
Indian benchmark indices ended Monday’s trading session higher, with the Nifty 50 advancing by +0.61% to close at 24418.80 points, adding 148 points. The Nifty Bank also saw gains, rising +0.64% to settle at 58308.75.
Top Gainers
| Company | Price (₹) | Change (%) |
|---|---|---|
| HDFC Bank Ltd. | 824.3 | +2.90% |
| Hindalco Industries Ltd. | 973.35 | +2.11% |
| Bajaj Auto Ltd. | 9990.5 | +2.09% |
| Mahindra & Mahindra Ltd. | 3202 | +2.08% |
| Bharat Electronics Ltd. | 424.85 | +1.63% |
| Eicher Motors Ltd. | 7455 | +1.57% |
| Oil & Natural Gas Corporation Ltd. | 241.23 | +1.43% |
| Reliance Industries Ltd. | 1322.1 | +1.39% |
| JSW Steel Ltd. | 1242.2 | +0.98% |
| Larsen & Toubro Ltd. | 4064.9 | +0.95% |
The auto sector emerged as a significant gainer, with Bajaj Auto, Mahindra & Mahindra, and Eicher Motors all posting strong advances. Bajaj Auto specifically saw a rise following its announcement of a 28% increase in June sales, driven by a 12% rise in domestic two-wheeler sales. Metals also performed well, with Hindalco Industries and JSW Steel contributing to the positive momentum. Hindalco informed the exchange about an upcoming board meeting and the closure of its trading window. HDFC Bank led the pack, reflecting strength in the banking space.
Top Losers
| Company | Price (₹) | Change (%) |
|---|---|---|
| Kotak Mahindra Bank Ltd. | 385.75 | −2.77% |
| Tata Consultancy Services Ltd. | 2061.5 | −1.53% |
| Infosys Ltd. | 1035 | −1.17% |
| Wipro Ltd. | 174.1 | −1.12% |
| Tech Mahindra Ltd. | 1394.5 | −1.11% |
| Dr. Reddy’s Laboratories Ltd. | 1360 | −1.03% |
| Bajaj Finserv Ltd. | 1877.8 | −0.94% |
| Power Grid Corporation Of India Ltd. | 285.2 | −0.92% |
| Apollo Hospitals Enterprise Ltd. | 8844 | −0.56% |
| HCL Technologies Ltd. | 1133.1 | −0.52% |
The IT sector dominated the list of top losers, with major players like Tata Consultancy Services, Infosys, Wipro, Tech Mahindra, and HCL Technologies all seeing declines. This broad-based weakness in IT stocks suggests a sector-specific headwind. Kotak Mahindra Bank also experienced a notable drop, making it the top loser for the day. Dr. Reddy’s Laboratories and Bajaj Finserv contributed to the downside from the pharma and financial services sectors, respectively.
Overall, while the broader market indices closed in positive territory, the clear divergence between strong performing auto and metal sectors and the struggling IT sector indicates a selective bullish sentiment among investors.