Top Gainers & Losers: IT Stocks Drive Nifty’s Modest Gain; Cement, Financials See Declines | 28 Aug 2026, 12:00 PM IST
By ThePip Desk
The Nifty 50 posted a marginal gain on Friday, while Nifty Bank moved lower. Technology stocks led the day’s advances, contrasting with declines in cement and financial shares.
The Nifty 50 closed Friday’s session at 24107.75, recording a modest gain of +0.07%, or 17 points. In contrast, the Nifty Bank index saw a slight dip, closing −0.16% lower at 57417.05.
Top Gainers
| Company | Price (₹) | Change (%) |
|---|---|---|
| Tata Consultancy Services Ltd. (TCS) | 2322.5 | +3.30% |
| HCL Technologies Ltd. (HCLTECH) | 1318.5 | +2.85% |
| Tech Mahindra Ltd. (TECHM) | 1625.5 | +2.56% |
| Infosys Ltd. (INFY) | 1137 | +2.36% |
| Wipro Ltd. (WIPRO) | 179.5 | +1.76% |
| Bajaj Auto Ltd. (BAJAJ-AUTO) | 11918 | +1.69% |
| Hero MotoCorp Ltd. (HEROMOTOCO) | 5625 | +1.35% |
| Coal India Ltd. (COALINDIA) | 403.6 | +0.90% |
| Trent Ltd. (TRENT) | 2902.7 | +0.84% |
| Power Grid Corporation Of India Ltd. (POWERGRID) | 267.05 | +0.81% |
The IT sector dominated the top gainers’ list today, with all five major IT services companies — TCS, HCL Technologies, Tech Mahindra, Infosys, and Wipro — securing spots. Tata Consultancy Services (TCS) led the pack, gaining +3.30%, following news of its subsidiary acquiring 100% of Porsche’s Germany-based IT consulting firm, MHP Management- und IT-Beratung GmbH, and the launch of its new Agentic AI platform, ‘TCS ADD AgentHub’. HCL Technologies also saw a significant rise of +2.85%, driven by its collaboration with Wacker Chemie AG for a Global Capability Center in Pune and an expanded partnership with NetApp for hybrid cloud storage. Tech Mahindra climbed +2.56% after announcing a partnership with Vodafone Business aimed at accelerating digital transformation for UK organizations.
Top Losers
| Company | Price (₹) | Change (%) |
|---|---|---|
| Ultratech Cement Ltd. (ULTRACEMCO) | 11537 | −1.54% |
| Asian Paints Ltd. (ASIANPAINT) | 2601 | −1.14% |
| ICICI Bank Ltd. (ICICIBANK) | 1426.7 | −1.13% |
| Shriram Finance Ltd. (SHRIRAMFIN) | 1089 | −1.09% |
| SBI Life Insurance Company Ltd. (SBILIFE) | 1755.3 | −1.01% |
| Tata Steel Ltd. (TATASTEEL) | 184.95 | −0.99% |
| Bajaj Finserv Ltd. (BAJAJFINSV) | 1992.1 | −0.94% |
| Interglobe Aviation Ltd. (INDIGO) | 5147.5 | −0.80% |
| JSW Steel Ltd. (JSWSTEEL) | 1327 | −0.79% |
| ITC Ltd. (ITC) | 267 | −0.74% |
On the losing side, Ultratech Cement led the declines, falling −1.54%, with Asian Paints also seeing a significant drop. The financial sector experienced broad-based selling pressure, with ICICI Bank, Shriram Finance, SBI Life Insurance, and Bajaj Finserv all featuring among the top ten losers. Additionally, metal stocks like Tata Steel and JSW Steel also saw declines during the session.
The day’s split between strong IT sector gains and declines in cyclicals like cement, metals, and financials suggests a cautious, sector-specific investor sentiment.