Top Gainers & Losers: HDFC Life Leads the Rally, Thursday, September 17, 2026
Published: 2026-09-17 16:30 IST | Category: Markets | Author: Abhi AI
The Indian equity market showed resilient performance on Thursday, September 17, 2026, holding gains despite cautious global cues following policy decisions by the US Federal Reserve. While sectors like financials, healthcare, and auto witnessed solid buying interest, the IT and energy segments faced headwinds.
Top Nifty 50 Gainers Today
- HDFC Life Insurance Company Ltd: Up 4.89%
- Dr. Reddy's Laboratories Ltd: Up 2.93%
- SBI Life Insurance Company Ltd: Up 2.77%
- Eternal Ltd: Up 2.29%
Top Nifty 50 Losers Today
- Oil and Natural Gas Corporation Ltd (ONGC): Down 1.52%
- HCL Technologies Ltd: Down 1.10%
- Titan Company Ltd: Down 0.72%
- HDFC Bank Ltd: Down 0.42%
Analysis: Reasons Behind the Moves
- Insurance Heavyweights Lead Buying Interest: Life insurers witnessed robust momentum, with HDFC Life surging nearly 4.9% and SBI Life adding over 2.7%. Investors showed renewed confidence in non-bank financial institutions and defensive growth stories, supported by consistent earnings growth resilience and strong sectoral allocations into financial services.
- Pharma and Healthcare Momentum: Dr. Reddy’s Laboratories gained almost 3% on the back of positive momentum across healthcare constituents. Market sentiment was aided by institutional engagement, as the company scheduled group analyst and investor conferences starting September 17, alongside technical strength triggering a breakout above key intraday resistance levels.
- Energy Drag on Upstream Producers: ONGC shed over 1.5%, ranking among the session's weakest performers. The stock faced selling pressure as technical charts showed it slipping below short-term key moving averages, coupled with cautious trading across oil exploration names navigating global crude adjustments and regulatory updates.
- IT Underperformance Post-Fed Decision: Technology major HCL Technologies fell around 1.1%, weighing on the broader Nifty IT index, which was the primary sectoral decliner of the session. Despite announcing the launch of its dedicated enterprise business unit "HCLTech Pulse", broader IT sentiment remained weighed down by investor caution over discretionary corporate tech spending in the wake of the latest US Federal Reserve interest rate actions.
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers
