Top Gainers & Losers: Nifty Slips 133 Points as IT Stocks Rally and Metals Face Pressure | 11 Sept 2026, 12:00 PM IST
By ThePip Desk
The Nifty 50 dropped 0.57% to 23,344 as IT stocks provided a buffer against a broad sell-off in the metal and financial sectors during Friday’s trading session.
The Nifty 50 index ended Friday’s session in the red, closing at 23,344.65, a decline of 0.57% or 133 points. The Nifty Bank index mirrored this downward trend, shedding 0.55% to close at 56,159.50. Despite the broader market weakness, specific pockets of the market, particularly in information technology, showed resilience.
Top Gainers
| Company | Price | Change% |
|---|---|---|
| Dr. Reddy’s | ₹1167.6 | +2.15% |
| Tech Mahindra | ₹1555 | +1.91% |
| HCL Technologies | ₹1220.1 | +1.09% |
| ITC | ₹260.9 | +0.62% |
| Infosys | ₹1042.8 | +0.61% |
IT stocks dominated the gainers list, led by Tech Mahindra, which rose following the unveiling of its Zero Gravity Telco Architecture. HCL Technologies also saw gains after launching an advanced semiconductor lab in Bengaluru and signing an MoU with Transport for NSW. Dr. Reddy’s Laboratories led the pack as investors reacted to the completion of a USFDA GMP inspection at its Hyderabad facility.
Top Losers
| Company | Price | Change% |
|---|---|---|
| Hindalco | ₹984.6 | −2.90% |
| Tata Steel | ₹182.17 | −2.47% |
| Bajaj Finserv | ₹1904.1 | −1.88% |
| JSW Steel | ₹1280.8 | −1.78% |
| Adani Enterprises | ₹3024.5 | −1.71% |
The sell-off was concentrated in the metal and financial sectors. Hindalco, Tata Steel, and JSW Steel occupied three of the top five spots on the losers list, indicating widespread pressure on metal producers. Financial entities including Bajaj Finserv, Bajaj Finance, Shriram Finance, and JIO Financial Services also faced significant selling pressure throughout the day.
The stark divide between the IT sector’s gains and the heavy losses in metals and financials suggests a cautious market sentiment where investors are favoring defensive tech plays over cyclicals.