Top Gainers & Losers: Nifty Slips As IT Stocks Rally While Auto Sector Faces Sharp Correction | 02 Oct 2026, 12:00 PM IST
By ThePip Desk
The Nifty 50 dropped 0.88% to 22,421.95 on Friday. IT stocks led the gainers while the auto sector faced significant selling pressure across the board.
The Indian equity market faced a challenging session on Friday, with the Nifty 50 closing at 22,421.95, down 0.88%. The Nifty Bank also struggled, ending the day at 54,450.75, a decline of 0.33%. Market sentiment appeared bifurcated as investors rotated capital toward technology and financial services, while heavy selling hit the automotive and industrial sectors.
Top Gainers
| Company | Price | Change% |
|---|---|---|
| Infosys Ltd. | ₹1035 | +4.11% |
| HDFC Life | ₹534.2 | +2.49% |
| HDFC Bank | ₹721.2 | +1.76% |
| SBI Life | ₹1721.6 | +1.49% |
| Max Healthcare | ₹940.95 | +1.20% |
The IT sector dominated the gainers list, led by Infosys Ltd. The company saw positive momentum following the announcement of an extended collaboration with ABN AMRO Bank to accelerate AI-driven digital transformation. TCS, HCL Technologies, and Tech Mahindra also posted gains, signaling a defensive rotation into tech-heavyweights. Financials, including HDFC Bank and insurance providers, also provided support to the index.
Top Losers
| Company | Price | Change% |
|---|---|---|
| Bajaj Auto | ₹10045 | −7.62% |
| Maruti Suzuki | ₹11386 | −4.86% |
| Shriram Finance | ₹945 | −3.84% |
| Tata Steel | ₹178 | −3.42% |
| Adani Ports | ₹1737.8 | −3.36% |
The automotive sector bore the brunt of the day’s selling pressure, with Bajaj Auto, Maruti Suzuki, M&M, and Eicher Motors all featuring among the top losers. This broad-based weakness in auto stocks weighed heavily on market sentiment. Additionally, industrial and infrastructure-linked names like Tata Steel and Adani Ports saw notable declines, reflecting a cautious outlook toward cyclical sectors as the index retreated.
The divergence between the IT sector’s rally and the sharp decline in automotive stocks highlights a shift toward defensive positioning among market participants.