Top Gainers & Losers: Bajaj Auto Leads Gainers as Oil Shocks Weigh on Nifty, Thursday, April 30, 2026
Published: 2026-04-30 16:30 IST | Category: Markets | Author: Abhi AI
Top Nifty 50 Gainers Today
- Bajaj Auto: up 3.06%
- Bajaj Finance: up 2.15%
- Infosys: up 1.49%
- Sun Pharmaceutical Industries: up 1.20%
Top Nifty 50 Losers Today
- Tata Motors Passenger Vehicles: down 3.93%
- Eternal: down 3.34%
- Hindustan Unilever: down 2.90%
- Tata Steel: down 2.62%
Analysis: Reasons Behind the Moves
The Indian equity markets faced significant downward pressure on Thursday, April 30, 2026, primarily driven by a sharp escalation in global geopolitical tensions. Brent crude prices surged above $120 per barrel following reports of a U.S. blockade of Iranian ports, heightening concerns regarding domestic inflation and fiscal stability. This energy shock weighed heavily on the Nifty 50, which slipped below the 24,000 mark.
The domestic currency added to the market's woes as the Indian rupee hit a fresh record intraday low of 95.34 against the U.S. dollar. This currency weakness, coupled with persistent selling by Foreign Institutional Investors (FIIs) who offloaded over ₹2,400 crore in equities, dampened risk appetite. Furthermore, heightened volatility was observed due to the monthly derivatives expiry and the release of exit poll predictions for state elections.
Despite the pessimistic sentiment, specific stocks found support through strong corporate performance. Bajaj Finance emerged as a top performer after reporting a 22% year-on-year increase in consolidated net profit for the fourth quarter. The company’s reaffirmed growth outlook for FY27 provided much-needed confidence to investors. Bajaj Auto and defensive plays like Infosys and Sun Pharma also saw buying interest as investors sought refuge in high-quality earnings visibility amidst the broader market correction. Conversely, sectors like Metals and FMCG were hit hard, with Tata Steel and Hindustan Unilever declining as rising input costs and a weak rupee threatened profit margins.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers
