** Top Gainers & Losers: Grasim Industries Leads as RBI Holds Rates, Wednesday, August 05, 2026
Published: 2026-08-05 16:30 IST | Category: Markets | By Flash Finance desk (written with AI assistance) · Editor: Kokila
**
Top Nifty 50 Gainers Today
- Grasim Industries: Up 2.53%
- Shriram Finance: Up 1.89%
- Ultratech Cement: Up 1.71%
- JSW Steel: Up 1.31%
Top Nifty 50 Losers Today
- HCL Technologies: Down 2.27%
- TCS: Down 2.05%
- Apollo Hospitals: Down 1.55%
- SBI Life Insurance: Down 1.31%
Analysis: Reasons Behind the Moves
The Indian equity markets witnessed a volatile session on Wednesday, August 05, 2026, primarily driven by the Reserve Bank of India's (RBI) monetary policy announcement. The central bank opted to keep the repo rate unchanged at 5.25% for the fourth consecutive meeting, a move that was widely expected by market participants. While the RBI maintained a "neutral" stance, it marginally lowered its annual inflation forecast for the current financial year to 5%, down from the previous estimate of 5.1%, which provided some relief to rate-sensitive sectors.
Sectoral Divergence and Global Cues The Nifty Metal and Auto indices were the primary beneficiaries of the day, outperforming the benchmark as investors cheered the steady interest rate environment and expectations of strong festive demand. Metal stocks like Grasim and JSW Steel gained momentum as global crude oil prices dropped below $80 per barrel, easing input cost concerns. Furthermore, easing tensions in West Asia and reports of potential progress in trade talks helped stabilize global sentiment.
IT and Banking Drag Conversely, the IT sector faced significant selling pressure, with heavyweights HCL Technologies and TCS leading the losers' list. Analysts attributed this to profit booking and cautiousness regarding global spending in the tech sector. The private banking sector also underperformed, contributing to the Nifty's limited upside despite the positive headlines from the RBI.
New Market Mechanics Market volatility was further exacerbated by the newly implemented Closing Auction Session (CAS) for F&O stocks. This revised framework led to a pronounced divergence between the Nifty 50 and the Sensex during the final hour of trade, as institutional investors adjusted their positions under the new price discovery mechanism. Despite the intra-day swings, the broader market remained resilient, with midcap and smallcap indices outperforming the front-line benchmarks.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: ** Top Gainers Top Losers Nifty 50 Stock Market Market Movers
