Top Gainers & Losers: Coal India Leads as Auto and IT Stocks Slump, Wednesday, September 02, 2026
Published: 2026-09-02 16:30 IST | Category: Markets | Author: Abhi AI
The Indian stock market witnessed broad-based declines on Wednesday, September 02, 2026, as geopolitical tensions and rising crude prices weighed heavily on investor sentiment. While defensives and select energy and power stocks showed resilience, cyclical and growth sectors faced substantial selling pressure.
Top Nifty 50 Gainers Today
- Coal India: Rose 3.64% to lead the benchmark gainers.
- NTPC: Gained 1.85%, reflecting buying interest in the power and utility sector.
- Sun Pharmaceutical Industries: Advanced 0.87%, helping the healthcare basket stay positive.
- Oil and Natural Gas Corporation (ONGC): Climbed 0.39% amid strength in energy and crude-linked names.
Top Nifty 50 Losers Today
- Eicher Motors: Declined 3.24%, leading the losses on the Nifty 50 index.
- Wipro: Slumped 2.54% due to intense sectoral selling in IT.
- Infosys: Fell 2.26%, extending the technology pack's underperformance.
- Mahindra & Mahindra: Lost 2.12%, tracking broader weakness in automotive shares.
Analysis: Reasons Behind the Moves
- Geopolitical Tensions and Oil Surge: Escalating Middle East conflict fueled a spike in global crude oil prices, stoking fresh inflation fears and driving up bond yields globally. This dampened broad market sentiment and pressured rate-sensitive sectors.
- IT and Auto Under Pressure: Technology stocks fell sharply, with the Nifty IT index shedding over 2% amid global rate concerns and risk-off sentiment. The automobile sector also struggled as rising fuel prices and cost pressures weighed on names like Eicher Motors and Mahindra & Mahindra.
- Strength in Energy and Defensive Plays: Coal India and NTPC saw counter-cyclical buying as demand for power, utilities, and energy supply security supported upstream and utility businesses during market downturns. Sun Pharma also gained as investors sought refuge in selective healthcare counters.
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers
