Top Gainers & Losers: Nifty Dips as IT and Metal Stocks Gain; Financials Face Pressure | 24 Aug 2026, 12:00 PM IST
By ThePip Desk
Indian equities see Nifty 50 dip on Monday, closing down 0.29%. IT and Metal sectors show resilience, while financial stocks largely lead the day’s declines.
The Indian equity market saw a subdued start to the week, with the Nifty 50 closing at 24180.85, down −0.29% or 71 points. The Nifty Bank index also registered declines, falling −0.73% on Monday.
Top Gainers
| Company | Price (₹) | Change (%) |
|---|---|---|
| Hindalco Industries Ltd. | 1055 | +2.03% |
| Infosys Ltd. | 1135.1 | +1.26% |
| HCL Technologies Ltd. | 1317.6 | +1.16% |
| JSW Steel Ltd. | 1307 | +1.03% |
| Tata Steel Ltd. | 184.6 | +0.87% |
| Dr. Reddy’s Laboratories Ltd. | 1183.5 | +0.75% |
| Sun Pharmaceutical Industries Ltd. | 1916.5 | +0.74% |
| Bajaj Auto Ltd. | 11757 | +0.49% |
| Tech Mahindra Ltd. | 1591.7 | +0.49% |
| Mahindra & Mahindra Ltd. | 3424 | +0.35% |
Leading the charge among Nifty gainers were metal and IT sector stocks. Hindalco Industries Ltd. rose +2.03%, while JSW Steel Ltd. and Tata Steel Ltd. also posted gains, indicating underlying strength in the metals space. In the IT sector, Infosys Ltd. climbed +1.26% after announcing a collaboration with Knorr-Bremse to accelerate AI-enabled enterprise transformation, leveraging its SAP, data, engineering, PLM expertise, and AI-led capabilities powered by Infosys Topaz. HCL Technologies Ltd. advanced +1.16%, buoyed by an expanded collaboration with NetApp to offer hybrid cloud storage-as-a-service and the completion of its acquisition of HPE’s Telco Solutions business, which enhances its capabilities in modernizing applications and adopting AI-led solutions. Dr. Reddy’s Laboratories Ltd. and Sun Pharmaceutical Industries Ltd. represented the pharma sector among the top performers.
Top Losers
| Company | Price (₹) | Change (%) |
|---|---|---|
| Shriram Finance Ltd. | 1112.7 | −1.53% |
| Bharat Electronics Ltd. | 408.55 | −1.32% |
| State Bank Of India | 1035.1 | −1.30% |
| Adani Ports and Special Economic Zone Ltd. | 1679.2 | −1.22% |
| SBI Life Insurance Company Ltd. | 1771.8 | −1.18% |
| Power Grid Corporation Of India Ltd. | 269.25 | −1.16% |
| Nestle India Ltd. | 1460.2 | −1.14% |
| Bajaj Finserv Ltd. | 2011 | −1.06% |
| Bajaj Finance Ltd. | 1084.8 | −0.93% |
| HDFC Life Insurance Company Ltd. | 549.8 | −0.90% |
The financial services sector dominated the list of Nifty losers, contributing significantly to the overall market decline. Shriram Finance Ltd. fell −1.53%, while major banking and NBFC names like State Bank Of India, Bajaj Finserv Ltd., and Bajaj Finance Ltd. also experienced downward pressure. Insurance players, including SBI Life Insurance Company Ltd. and HDFC Life Insurance Company Ltd., were also among the top decliners. Bharat Electronics Ltd., Adani Ports and Special Economic Zone Ltd., and Power Grid Corporation Of India Ltd. were other notable stocks on the losing side.
The day’s trading activity signals a mixed sentiment, with specific sector-led buying in IT and metals offsetting broad-based weakness in financial services.