Top Gainers & Losers: Infosys Surges as IT Sector Rebounds, Thursday, July 02, 2026
Published: 2026-07-02 16:30 IST | Category: Markets | Author: Abhi AI
Top Nifty 50 Gainers Today
- Infosys: up 5.38%
- HCL Technologies: up 4.53%
- Tata Consultancy Services (TCS): up 3.99%
- Tech Mahindra: up 3.64%
Top Nifty 50 Losers Today
- Larsen & Toubro: down 1.70%
- SBI Life Insurance Company: down 0.79%
- Bharat Electronics: down 0.74%
- Bajaj Auto: down 0.63%
Analysis: Reasons Behind the Moves
The Indian equity markets witnessed a strong bullish trend on Thursday, July 02, 2026, primarily fueled by a sharp rebound in the Information Technology (IT) sector. After four consecutive sessions of declines, investors engaged in aggressive bargain buying within large-cap tech stocks. Market sentiment was further bolstered by a global rotation of funds; investors reportedly shifted capital away from overvalued semiconductor and AI infrastructure stocks toward more attractively valued IT services companies.
Another critical factor driving the market's upward trajectory was the cooling of global crude oil prices, which hovered around $70 per barrel. This decline followed successful diplomatic talks between the United States and Iran in Doha, easing concerns regarding supply disruptions in the Strait of Hormuz. Lower energy costs are traditionally a positive catalyst for the Indian economy, as they help mitigate inflation and reduce the national import bill.
On the losing side, profit booking was evident in some of the recent outperformers. Larsen & Toubro faced selling pressure, leading the laggards with a decline of 1.70%. Despite reporting a 28% increase in June sales, Bajaj Auto slipped 0.63%, likely due to investors locking in gains following the positive data release. The PSU Bank index was the only major sectoral laggard, trading in the red even as the broader market remained buoyant.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers
