Top Gainers & Losers: Infosys and Adani Enterprises in Focus, Thursday, October 08, 2026
Published: 2026-10-08 16:30 IST | Category: Markets | By Flash Finance desk (written with AI assistance) · Editor: Kokila
The Indian equity market experienced heavy selling pressure on Thursday, October 08, 2026, as headline index Nifty 50 closed down 1.64%. Market breadth deteriorated considerably, leaving only a handful of constituents in the green while commodity, metal, and consumption counters bore the brunt of the downturn.
Top Nifty 50 Gainers Today
- Infosys Ltd: Up 0.50%
- Tech Mahindra Ltd: Up 0.34%
- Axis Bank Ltd: Up 0.20%
(Note: Infosys, Tech Mahindra, and Axis Bank were the sole stocks to end in positive territory within the Nifty 50 index.)
Top Nifty 50 Losers Today
- Adani Enterprises Ltd: Down 5.36%
- JSW Steel Ltd: Down 4.46%
- ITC Ltd: Down 4.03%
- Max Healthcare Institute Ltd: Down 3.81%
Analysis: Reasons Behind the Moves
- Macro Headwinds and Crude Oil Spike: Persistent foreign fund outflows combined with an abrupt spike in crude oil prices—with Brent crude jumping over 4% amid Middle East supply disruption worries—pressured domestic inflation expectations and market sentiment. Additionally, the tighter monetary policy stance by the RBI weighed on liquidity and risk appetite.
- Metal and Conglomerates Slump: The Nifty Metal index sank over 3.5%, directly impacting index heavyweights like Adani Enterprises and JSW Steel. Global demand concerns, coupled with escalating operational input costs, triggered sharp sector-wide liquidations in metal and infrastructure stocks.
- Selling in Consumption and Defensive Heavies: ITC experienced strong downward pressure, sliding over 4% as institutional investors trimmed exposure to major index heavyweights during broad-based market liquidations. Healthcare stocks like Max Healthcare also faced profit booking as part of the broader risk-off move.
- Defensive Resilience in IT and Select Banking: In an overwhelmingly red market, select IT majors such as Infosys and Tech Mahindra held firm with slight gains. Information technology exporters drew defensive interest due to their dollar-linked revenues and relative insulation from domestic interest-rate pressures. Axis Bank also showed selective resilience, managing a marginal uptick despite the broader banking index coming under stress.
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers
