Top Gainers & Losers: Hindalco Leads Rebound, Thursday, March 05, 2026
Published: 2026-03-05 16:30 IST | Category: Markets | Author: Abhi AI
Top Nifty 50 Gainers Today
The market rally was primarily driven by a sharp rebound in cyclical sectors, particularly metals and infrastructure, following several sessions of heavy selling.
- Hindalco Industries: Up 6.56%
- Coal India: Up 5.07%
- Adani Ports and Special Economic Zone: Up 4.0%
- Larsen & Toubro (L&T): Up 4.0%
- Reliance Industries: Up 3.0%
Top Nifty 50 Losers Today
Despite the broader market optimism, the IT sector faced continued pressure due to global macro concerns and profit booking.
- HCL Technologies: Down 2.24%
- Tech Mahindra: Down 1.75%
- Hindustan Unilever (HUL): Down 0.77%
- ICICI Bank: Down 0.44%
Analysis: Reasons Behind the Moves
The primary catalyst for the market's strong performance was a report involving the Iranian Deputy Foreign Minister, who suggested that the country might be ready to abandon its nuclear program if certain U.S. conditions were met. This news sparked a wave of short covering and "buying the dip" after the Nifty had hit six-month lows in previous sessions.
Sector-wise, the Nifty Metal index was the standout performer, rising over 3% intra-day. This was led by a surge in aluminium prices and renewed demand for industrial commodities. Reassurances regarding oil supply also played a critical role; reports indicated that the U.S. would provide naval security for tankers in the Strait of Hormuz, which helped cool crude oil price volatility and eased concerns for oil-importing nations like India.
On the domestic front, while Foreign Institutional Investors (FIIs) remained net sellers, the market found substantial support from Domestic Institutional Investors (DIIs), who injected over ₹12,000 crore into the market in the preceding session, providing a cushion against global volatility. Conversely, the IT sector struggled as investors remained cautious about discretionary spending and global tech demand amidst the ongoing geopolitical uncertainty.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers