Top Nifty 50 Gainers Today

• Power Grid Corporation (+7.58%)
• Adani Ports & SEZ (+4.33%)
• Bharat Electronics (BEL) (+3.33%)
• Reliance Industries (RIL) (+3.23%)

Top Nifty 50 Losers Today

• Shriram Finance (-3.56%)
• Axis Bank (-2.16%)
• Max Healthcare (-1.91%)
• Infosys (-1.52%)

Analysis: Reasons Behind the Moves

The Indian equity markets witnessed a strong recovery on Tuesday, February 03, 2026, as investors digested the implications of the Union Budget 2026. After the initial shock of the Securities Transaction Tax (STT) hike, value buying emerged in blue-chip stocks, helping the Nifty 50 settle above the crucial 25,000 mark.

• Budget Recovery & Value Buying: The market rebound was primarily driven by investors brushing off the "Budget day shock." While the hike in STT on derivatives (futures to 0.05% and options to 0.15%) initially rattled traders, institutional investors used the dip to accumulate high-quality stocks in the energy and auto sectors.
• Power Grid’s Capex Guidance: Power Grid Corporation emerged as the top gainer, surging over 7.5%. The rally was sparked by the management's decision to hike its capital expenditure guidance, signaling a robust growth trajectory in the power transmission space.
• Strong Operational Performance: Adani Ports saw significant buying interest after releasing monthly data showing it handled 44.8 MMT of cargo in January 2026, a 12% year-on-year increase. This reinforced confidence in the infrastructure giant's ability to maintain its growth momentum.
• Defense Sector Momentum: Bharat Electronics (BEL) climbed following a target price upgrade from leading foreign brokerages. Analysts cited a healthy order pipeline and a favorable policy environment for domestic defense manufacturing.
• Sectoral Laggards: On the flip side, the financial and IT sectors remained under pressure. Shriram Finance and Axis Bank led the losers as investors engaged in sectoral rotation, shifting capital toward infrastructure and energy themes that are expected to be the primary beneficiaries of the government's continued capital expenditure focus.

TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers

Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers