Top Gainers & Losers: Nifty Edges Up as NBFCs and Auto Stocks Surge, IT Services Drag | 31 Jul 2026, 12:00 PM IST
By ThePip Desk
The Nifty 50 posted marginal gains today, driven by strong performances in NBFC and auto sectors. Meanwhile, IT services and FMCG stocks saw significant declines, indicating a sector-specific divergence.
The Nifty 50 concluded Friday’s trading session marginally higher, gaining +44 pts to close at 24360.95, a +0.18% uptick. This modest rise signals a day of selective buying interest across the broader market. The Nifty Bank index also saw a slight rise of +0.04%, reflecting limited movement within the banking space.
Top Gainers
| Company | Price | Change% |
|---|---|---|
| Bajaj Finance Ltd. (BAJFINANCE) | ₹1132.8 | +7.53% |
| Bajaj Finserv Ltd. (BAJAJFINSV) | ₹1992 | +4.33% |
| Mahindra & Mahindra Ltd. (M&M) | ₹3422 | +4.21% |
| JIO Financial Services Ltd. (JIOFIN) | ₹250.82 | +1.57% |
| Hindalco Industries Ltd. (HINDALCO) | ₹982.65 | +1.26% |
| Shriram Finance Ltd. (SHRIRAMFIN) | ₹1040 | +1.25% |
| Bajaj Auto Ltd. (BAJAJ-AUTO) | ₹11562.5 | +1.14% |
| Tata Motors Passenger Vehicles Ltd. (TMPV) | ₹338 | +1.14% |
| Ultratech Cement Ltd. (ULTRACEMCO) | ₹11959 | +0.95% |
| Bharat Petroleum Corporation Ltd. (BPCL) | ₹318.4 | +0.82% |
The day’s top gainers were largely dominated by the Non-Banking Financial Company (NBFC) and auto sectors, reflecting strong investor interest in these segments. Bajaj Finance led the pack with a significant surge, driven by its robust Q1 consolidated net profit report, which showed a substantial rise in earnings and total income. Its group counterpart, Bajaj Finserv, also posted strong gains, often moving in tandem with the broader Bajaj financial ecosystem. Mahindra & Mahindra was another prominent gainer, with its shares climbing after the company announced a healthy increase in its Q1 consolidated net profit and total income. Other NBFCs like JIO Financial Services and Shriram Finance also posted positive movements, alongside auto sector peers Bajaj Auto and Tata Motors Passenger Vehicles, indicating a positive sentiment across these key economic drivers.
Top Losers
| Company | Price | Change% |
|---|---|---|
| Tata Consultancy Services Ltd. (TCS) | ₹2372.1 | −2.46% |
| Infosys Ltd. (INFY) | ₹1134 | −1.83% |
| Wipro Ltd. (WIPRO) | ₹183.58 | −1.48% |
| Tech Mahindra Ltd. (TECHM) | ₹1645 | −1.44% |
| Eternal Ltd. (ETERNAL) | ₹306.4 | −1.37% |
| ITC Ltd. (ITC) | ₹281.4 | −1.28% |
| Adani Enterprises Ltd. (ADANIENT) | ₹3015.8 | −1.09% |
| Coal India Ltd. (COALINDIA) | ₹412.7 | −1.08% |
| Tata Consumer Products Ltd. (TATACONSUM) | ₹1083.9 | −0.94% |
| Nestle India Ltd. (NESTLEIND) | ₹1507.9 | −0.84% |
Conversely, the IT Services sector experienced a broad-based decline, with major players like Tata Consultancy Services (TCS), Infosys, Wipro, and Tech Mahindra featuring prominently among the top losers. This collective downturn suggests prevailing headwinds or profit-booking in the technology space. The Fast-Moving Consumer Goods (FMCG) sector also saw weakness, with stalwarts like ITC, Tata Consumer Products, and Nestle India closing in the red, indicating a cautious approach towards consumer staples. Adani Enterprises and Coal India also contributed to the list of decliners. The absence of specific company-level news for most of these declines points to broader sector sentiment and market dynamics influencing their performance today.
The clear divergence between the strong performance of growth-oriented NBFC and auto stocks and the weakness in defensive IT and FMCG sectors indicates a market with selective bullish sentiment, favoring domestic cyclical stories.