Top Gainers & Losers: Nifty Climbs As IT Stocks Surge Following Strong Quarterly Earnings Reports | 16 Oct 2026, 12:00 PM IST
Key Highlights
The Nifty 50 rose 0.55% to 23,123.15 on Friday as IT sector gains led the market, while financial and consumer stocks faced selling pressure during trading.
Top Gainers
| Company | Price | Change% |
|---|---|---|
| Tech Mahindra | 1762.3 | +6.81% |
| Infosys | 1151.75 | +3.76% |
| TCS | 2426.5 | +3.26% |
| Bharti Airtel | 1897.9 | +2.37% |
| JSW Steel | 1227.1 | +2.22% |
The IT sector dominated Friday’s trading session, with Tech Mahindra, Infosys, and TCS occupying the top three spots. Tech Mahindra surged following a strong quarterly profit report. Infosys saw positive momentum tied to a new strategic collaboration with Columbia University focused on enterprise AI. Meanwhile, TCS gained ground after launching its Industrial Intelligence Foundry and completing the acquisition of BBY Services India LLP.
Top Losers
| Company | Price | Change% |
|---|---|---|
| Ltd. | 3364.4 | -1.86% |
| HDFC Life | 541.2 | -1.70% |
| Nestle India | 1258.8 | -1.33% |
| Max Healthcare | 847.05 | -1.28% |
| JIO Financial | 216.9 | -0.96% |
The loser’s list reflected a broader cooling in financial and consumer-facing stocks. BSE Ltd. led the decline, followed closely by HDFC Life Insurance. Consumer goods major Nestle India and healthcare provider Max Healthcare also saw downward pressure, alongside JIO Financial Services, as investors rotated capital toward the high-performing technology sector.
Today’s trading activity indicates a clear preference for technology-led growth, while financial and consumer stocks experienced broad-based profit-taking.