Top Gainers & Losers: Nifty Dips as IT and Auto Stocks Gain; Financials Weigh Heavily on Market | 07 Aug 2026, 12:00 PM IST
By ThePip Desk
The Nifty 50 closes lower today, dragged by significant declines in the financial sector. Meanwhile, IT and auto stocks show resilience, emerging as the top performers.
The Indian equity markets closed Friday, August 7, 2026, on a subdued note. The Nifty 50 ended at 24578.60, down −0.23% or −57 pts, while the Nifty Bank index also saw declines, closing −0.47% lower at 57790.85.
Top Gainers
| Company | Price | Change% |
|---|---|---|
| Tata Consultancy Services Ltd. (TCS) | ₹2436 | +2.65% |
| Hero MotoCorp Ltd. (HEROMOTOCO) | ₹5690.5 | +2.52% |
| Mahindra & Mahindra Ltd. (M&M) | ₹3464 | +1.70% |
| Oil & Natural Gas Corporation Ltd. (ONGC) | ₹240.75 | +1.24% |
| Nestle India Ltd. (NESTLEIND) | ₹1552.1 | +1.11% |
| HCL Technologies Ltd. (HCLTECH) | ₹1347.5 | +0.94% |
| Tech Mahindra Ltd. (TECHM) | ₹1647 | +0.91% |
| Hindustan Unilever Ltd. (HINDUNILVR) | ₹2095.8 | +0.78% |
| Infosys Ltd. (INFY) | ₹1173.7 | +0.75% |
| Reliance Industries Ltd. (RELIANCE) | ₹1333.5 | +0.64% |
Friday’s trading session saw a notable uplift across several key sectors, with IT and auto stocks showing particular strength. Tata Consultancy Services (TCS) led the pack among Nifty components, gaining a significant +2.65%. This surge followed the company’s announcement regarding the launch of its new CBG Gemini Experience Center in Kolkata, indicating strategic expansion. Auto major Hero MotoCorp also posted strong gains, rising +2.52%, though no specific immediate news beyond its routine investor presentation and voting results explained the day’s upward momentum. Mahindra & Mahindra (M&M) climbed +1.70%, buoyed by robust July 2026 auto sales figures, which reported a 26% rise in overall sales and a substantial 47% surge in exports year-on-year. Other IT heavyweights like HCL Technologies, Tech Mahindra, and Infosys also featured among the top performers, underscoring a positive sentiment in the technology space. Additionally, FMCG stalwarts Nestle India and Hindustan Unilever, along with energy giant ONGC and Reliance Industries, contributed to the day’s gains.
Top Losers
| Company | Price | Change% |
|---|---|---|
| Bajaj Finance Ltd. (BAJFINANCE) | ₹1095.1 | −4.34% |
| Bajaj Finserv Ltd. (BAJAJFINSV) | ₹2008.5 | −3.72% |
| Trent Ltd. (TRENT) | ₹3026.5 | −2.59% |
| Shriram Finance Ltd. (SHRIRAMFIN) | ₹1118.2 | −2.00% |
| Asian Paints Ltd. (ASIANPAINT) | ₹2714.5 | −1.47% |
| ICICI Bank Ltd. (ICICIBANK) | ₹1440 | −1.20% |
| Sun Pharmaceutical Industries Ltd. (SUNPHARMA) | ₹1927.7 | −1.19% |
| JIO Financial Services Ltd. (JIOFIN) | ₹260.2 | −1.10% |
| Kotak Mahindra Bank Ltd. (KOTAKBANK) | ₹389.8 | −1.07% |
| Maruti Suzuki India Ltd. (MARUTI) | ₹13932 | −1.05% |
Conversely, the financial sector experienced significant downward pressure, with several prominent names appearing on the losers’ list, contributing heavily to the Nifty’s overall decline. Non-banking financial companies (NBFCs) Bajaj Finance and Bajaj Finserv led these declines, falling −4.34% and −3.72% respectively. Shriram Finance also saw a notable drop of −2.00%, reinforcing the weakness in the broader financial services space. Major banking stocks, including ICICI Bank and Kotak Mahindra Bank, along with JIO Financial Services, also contributed to the sector’s overall weakness. Retail giant Trent and paint manufacturer Asian Paints were among other significant decliners outside the financial sector, while auto major Maruti Suzuki represented the automotive industry on the losing side, contrasting with the gains seen in other auto stocks.
The day’s trading, marked by strong IT and auto gains against broad financial sector declines, suggests a cautious yet selective market sentiment among investors, with capital rotating towards specific growth pockets.