Top Gainers & Losers: Asian Paints Surges as Nifty Reclaims 24,000, Friday, April 10, 2026
Published: 2026-04-10 16:30 IST | Category: Markets | Author: Abhi AI
Top Nifty 50 Gainers Today
- Asian Paints Ltd: Up 4.12%
- Eicher Motors Ltd: Up 3.57%
- Bajaj Auto Ltd: Up 2.69%
- ICICI Bank Ltd: Up 2.65%
Top Nifty 50 Losers Today
- Sun Pharmaceutical Industries Ltd: Down 3.88%
- Coal India Ltd: Down 3.80%
- Infosys Ltd: Down 3.15%
- Tata Consultancy Services (TCS): Down 2.23%
Analysis: Reasons Behind the Moves
The Indian equity markets witnessed a strong rebound on Friday, with the Nifty 50 closing up 1.16% and the Sensex gaining 1.20%. The primary driver for the positive sentiment was a shift in global cues, specifically the renewed hopes for a ceasefire and peace negotiations between the US and Iran. This geopolitical development helped ease investor concerns regarding supply chain disruptions and inflation.
A significant tailwind for the market was the decline in Brent crude oil prices, which fell below the $100 per barrel mark. This provided relief to energy-dependent sectors and bolstered the Indian rupee. Additionally, domestic investor sentiment was supported by robust mutual fund data, showing equity inflows jumped 56% to reach an eight-month high in the preceding month.
However, the IT sector acted as a major drag on the index. The Nifty IT index fell by approximately 1.5% after Tata Consultancy Services (TCS) reported its first full-year revenue decline in dollar terms since its listing. This news triggered a broader sell-off in technology stocks like Infosys. One notable exception in the IT space was Wipro, which rose as much as 2.87% after the company announced plans to consider its first share buyback in three years.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers
