Top Gainers & Losers: Kotak Mahindra Bank and Bajaj Auto in Focus, Thursday, October 01, 2026
Published: 2026-10-01 16:30 IST | Category: Markets | Author: Abhi AI
The Indian equity markets witnessed substantial volatility and broad-based selling on Thursday, October 01, 2026. Geopolitical tensions in West Asia, elevated crude oil prices, and sustained foreign institutional selling dragged down the benchmark Nifty 50 index. However, selective buying was evident in private banking and IT names, even as the auto and commodity sectors experienced heavy liquidation.
Top Nifty 50 Gainers Today
- Kotak Mahindra Bank: Up 2.28% to 3.26% during the session.
- HDFC Life Insurance Company: Up 2.04%.
- Infosys: Up 1.99% to 2.41% in intraday trading.
- HCL Technologies: Up 1.42% to 2.14%.
Top Nifty 50 Losers Today
- Bajaj Auto: Down 6.42% to 8.82%, leading the market laggards.
- Mahindra & Mahindra (M&M): Down 2.74% to 4.18%.
- Maruti Suzuki India: Down 2.44% to 4.17%.
- Grasim Industries: Down 2.61% to 3.30%.
Analysis: Reasons Behind the Moves
- Kotak Mahindra Bank (Gainer): The stock surged following the bank's leadership announcement naming Anup Kumar Saha as its new Managing Director and Chief Executive Officer, which spurred positive investor sentiment and notable trading volumes.
- Infosys & HCL Technologies (Gainers): IT stocks acted as defensives in an otherwise weak market environment. Infosys specifically gained traction following news of an extended strategic partnership with ABN AMRO, boosting optimism across software exporters.
- Bajaj Auto (Loser): The automaker plunged after reporting a 12% year-on-year drop in its monthly domestic two-wheeler sales, triggering immediate selling that spilled over into other automotive names.
- Mahindra & Mahindra & Maruti Suzuki (Losers): The entire auto basket faced steep declines due to spillover weakness from monthly auto sales reports and concerns over rising crude oil prices, which typically dampen consumer demand and inflate input costs.
- Grasim Industries (Loser): Cement and commodity-linked counters came under pressure amid escalating input cost concerns driven by crude oil fluctuations and broader risk-off liquidation across industrial materials.
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers
