The Nifty 50 fell 1.07% to 22360.75 on Thursday. While IT stocks provided a defensive buffer for the index, selling pressure hit Adani and industrial names.
Market Overview
The Nifty 50 faced a sharp correction on Thursday, closing at 22360.75, a decline of −1.07%. The Nifty Bank also struggled, ending the session down −0.48%. Amid the broader market weakness, investors rotated toward the IT sector, which dominated the top gainers list.
Top Gainers
| Company | Price | Change% |
|---|---|---|
| Titan Company | ₹4453 | +1.74% |
| Tech Mahindra | ₹1512.9 | +1.46% |
| TCS | ₹2107.3 | +1.30% |
| Infosys | ₹1002.25 | +1.03% |
| HCL Tech | ₹1197.1 | +1.02% |
IT stocks led the gains, supported by positive corporate developments. Tech Mahindra rose following its partnership with Google Cloud to expand agentic AI readiness. TCS also saw buying interest after announcing a strategic partnership with Aareal Bank. Meanwhile, Titan Company gained ground following updates regarding its retail network expansion and investor engagement.
Top Losers
| Company | Price | Change% |
|---|---|---|
| Adani Enterprises | ₹2610.4 | −4.83% |
| JSW Steel | ₹1180.7 | −4.01% |
| ITC | ₹255.65 | −3.78% |
| Max Healthcare | ₹876.5 | −3.47% |
| Adani Ports | ₹1691 | −3.38% |
Selling pressure was widespread across industrial, infrastructure, and consumer-facing sectors. Adani Group stocks led the decline, with Adani Enterprises and Adani Ports both finishing significantly lower. Steel and healthcare stocks also faced notable downward momentum during the session.
The divergence between the resilient IT sector and the heavy selling in industrial and infrastructure stocks highlights a cautious sentiment among market participants.
