Top Gainers & Losers: Nifty Climbs as IT Stocks Lead Gains; Financials Drag Market Down | 16 Jul 2026, 12:00 PM IST
By ThePip Desk
The Nifty 50 inches higher on Thursday, driven by strong performances in the IT sector. Meanwhile, financial stocks, including major banks and insurance firms, experience declines, pulling the Nifty Bank lower.
The Indian equity market saw the Nifty 50 index close at 24160.00 on Thursday, marking a gain of +0.34% or +82 points. In contrast, the Nifty Bank index registered a slight dip of −0.11%, closing at 57694.60.
Top Gainers
| Company | Price (₹) | Change (%) |
|---|---|---|
| HCL Technologies Ltd. (HCLTECH) | 1193 | +2.14% |
| Tech Mahindra Ltd. (TECHM) | 1527.1 | +1.90% |
| Wipro Ltd. (WIPRO) | 177.74 | +1.77% |
| Titan Company Ltd. (TITAN) | 4660 | +1.76% |
| Bajaj Finance Ltd. (BAJFINANCE) | 1038.9 | +1.72% |
| Mahindra & Mahindra Ltd. (M&M) | 3134.6 | +1.68% |
| Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) | 1854.8 | +1.41% |
| Tata Consultancy Services Ltd. (TCS) | 2215.9 | +1.22% |
| Hindalco Industries Ltd. (HINDALCO) | 966.6 | +1.13% |
| Maruti Suzuki India Ltd. (MARUTI) | 13736 | +1.13% |
The IT sector emerged as a significant driver of gains, with HCL Technologies, Tech Mahindra, and Wipro leading the charge. HCL Technologies saw a +2.14% rise, buoyed by its strategic investment of up to ₹3,500 crore to establish AI data centers and its entry into the full-stack AI market, signaling strong future growth prospects. Tech Mahindra climbed +1.90% following its partnership with CloudSEK, aimed at delivering advanced AI-driven threat intelligence and digital risk protection solutions globally. Wipro advanced +1.77%, driven by an expanded partnership with Palo Alto Networks to offer AI-driven Managed Detection and Response (MDR) services, alongside its move to acquire an additional stake in Aggne Global IT Services. Beyond IT, Titan Company also posted a strong +1.76% gain, while Bajaj Finance added +1.72%. Automotive majors Mahindra & Mahindra and Maruti Suzuki India also contributed positively, rising +1.68% and +1.13% respectively, indicating broader sector strength.
Top Losers
| Company | Price (₹) | Change (%) |
|---|---|---|
| Eternal Ltd. (ETERNAL) | 288.85 | −2.02% |
| SBI Life Insurance Company Ltd. (SBILIFE) | 1830.8 | −1.91% |
| Axis Bank Ltd. (AXISBANK) | 1302.1 | −0.78% |
| Shriram Finance Ltd. (SHRIRAMFIN) | 1028.3 | −0.53% |
| Oil & Natural Gas Corporation Ltd. (ONGC) | 245.88 | −0.53% |
| HDFC Bank Ltd. (HDFCBANK) | 812.5 | −0.36% |
| Apollo Hospitals Enterprise Ltd. (APOLLOHOSP) | 8903 | −0.35% |
| Bharat Electronics Ltd. (BEL) | 410 | −0.23% |
| Grasim Industries Ltd. (GRASIM) | 3079.4 | −0.22% |
| Eicher Motors Ltd. (EICHERMOT) | 7389 | −0.21% |
On the losing side, financial stocks were notably prominent, contributing significantly to the Nifty Bank’s overall decline. SBI Life Insurance Company led the fall among major financials, declining −1.91%. This was followed by key banking players Axis Bank and HDFC Bank, which saw drops of −0.78% and −0.36% respectively. Non-banking financial company Shriram Finance also ended the day lower by −0.53%. Eternal Ltd. led all losers with the steepest dip of −2.02%. Other stocks experiencing minor declines included Oil & Natural Gas Corporation, Apollo Hospitals Enterprise, Bharat Electronics, Grasim Industries, and Eicher Motors. No specific company-matched news was available to explain the individual moves for these declining stocks, suggesting broader sector headwinds or profit-booking.
The mixed performance, with Nifty 50 gaining while Nifty Bank declined, suggests a sector-specific rotation rather than a broad market trend, indicating cautious but targeted investor sentiment.