Top Gainers & Losers: GIFT Nifty Tumbles 1.7%, Thursday, May 28, 2026

Top Nifty 50 Gainers Today

• Hindalco Industries: up 3.6%
• NTPC: up 1.9%
• Power Grid Corporation: up 1.9%

Top Nifty 50 Losers Today

• Coal India: down 4.0%
• ONGC: down 3.0%
• HDFC Bank: down 1.7%

Analysis: Reasons Behind the Moves

• Trading Holiday: The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) were shut on Thursday, May 28, 2026, for Bakri Id. As a result, individual stock performance data reflects the closing standings from the most recent active session on May 27, which continue to lead market discussions.
• Geopolitical Escalation: The GIFT Nifty, which remains active during domestic holidays, dropped by approximately 1.7% following reports of a direct military exchange between the U.S. and Iran. U.S. strikes on Iranian military sites and a retaliatory strike by Iran's Revolutionary Guard on a U.S. airbase spooked global investors.
• Crude Oil Rebound: The flare-up in the Middle East caused global crude oil prices to rebound. For India, a major oil importer, rising energy costs are a significant headwind that typically pressures corporate margins and fuels inflation concerns.
• Sector-Specific Factors: Prior to the holiday, the metal sector, led by Hindalco Industries, gained from rising global commodity prices. Conversely, Coal India faced selling pressure following news of a potential government stake sale (OFS), and major banking heavyweights like HDFC Bank declined as foreign institutional investors (FIIs) adopted a cautious "risk-off" stance ahead of the geopolitical developments.

TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers

Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers