Top Gainers & Losers: Infosys Surges 4.8%, Wednesday, July 29, 2026
Published: 2026-07-29 16:30 IST | Category: Markets | Author: Abhi AI
Top Nifty 50 Gainers Today
- Infosys: Up 4.86%
- Hindustan Unilever (HUL): Up 4.22%
- Tata Steel: Up 3.11%
- Larsen & Toubro (L&T): Up 2.86%
Top Nifty 50 Losers Today
- Adani Ports: Down 2.32%
- Mahindra & Mahindra (M&M): Down 1.33%
- Power Grid Corp: Down 1.24%
- Bharat Electronics (BEL): Down 1.08%
Analysis: Reasons Behind the Moves
The Indian equity markets experienced a strong rebound on Wednesday, July 29, 2026, with the Nifty 50 advancing by approximately 1%. A primary driver for the positive sentiment was the release of the Index of Industrial Production (IIP) data for June 2026, which showed a growth of 7.3%, significantly exceeding the 5.1% recorded in the previous month. This economic acceleration was led by the manufacturing sector, which grew by 7.8%.
The Information Technology (IT) sector was the standout performer of the day. The Nifty IT index gained nearly 2%, extending a three-session rally to roughly 8%. Market analysts noted that a sharp correction in South Korean semiconductor stocks increased the relative attractiveness of Indian IT firms for global investors. Infosys and L&T led the charge as investors moved capital into large-cap tech. Additionally, the FMCG sector saw strong buying interest, with Hindustan Unilever gaining over 4% as the India VIX (volatility gauge) declined by more than 3%, indicating easing market anxiety.
Conversely, the market saw downward movement in specific infrastructure and heavy industry stocks. Adani Ports emerged as the top laggard, declining over 2% due to stock-specific selling pressure. Mahindra & Mahindra and Power Grid also traded in the red, as investors adopted a "buy-on-dips" approach for IT while trimming positions in capital goods and automotive sectors ahead of the upcoming US Federal Reserve policy decision. Despite these losses, the overall market breadth remained positive, with nearly three stocks advancing for every one that declined.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers
