Top Nifty 50 Gainers Today

• Tata Steel: Up 4.41%, closing at ₹202.39.
• Larsen & Toubro (L&T): Up 3.59%, closing at ₹3,930.20.
• Tata Motors: Up 3.47%, closing at ₹352.25.
• Axis Bank: Up 3.32%, closing at ₹1,363.60.

Top Nifty 50 Losers Today

• Asian Paints: Down 3.77%, closing at ₹2,417.20.
• SBI Life Insurance: Down 2.63%, closing at ₹1,999.10.
• InterGlobe Aviation (IndiGo): Down 2.76%, closing at ₹4,618.00.
• Maruti Suzuki: Down 2.56%, closing at ₹14,496.00.

Analysis: Reasons Behind the Moves

The Indian equity markets witnessed a volatile but ultimately rewarding session on Thursday, January 29, 2026. The primary driver for the afternoon rebound was the tabling of the Economic Survey 2025–26, which reaffirmed a robust growth outlook for the upcoming fiscal year. Additionally, the recent conclusion of the India-EU Free Trade Agreement (FTA) continued to provide a tailwind for export-oriented sectors.

Metal and Engineering Strength Tata Steel and Hindalco led the metal pack as commodity prices remained firm. Investors anticipate stronger realizations in the next quarter. Larsen & Toubro (L&T) saw significant buying interest after announcing that its order inflows had hit a record high, overshadowing a slight dip in net profit caused by one-time provisions for new labour codes.

Earnings-Driven Sell-offs Conversely, the "Losers" list was dominated by companies reacting to Q3 FY26 financial results. Asian Paints saw a sharp decline after its earnings report signaled a much slower-than-expected recovery in rural and urban demand. Maruti Suzuki also faced selling pressure as its quarterly profit missed street expectations, with investors expressing concern over rising input costs and modest volume growth.

Sectoral Divergence The market showed a clear divide: private banks and energy stocks advanced, while the FMCG and auto sectors largely corrected. SBI Life and other insurance players saw variability as the market adjusted positions ahead of the Union Budget scheduled for February 1. Meanwhile, the Indian rupee's touch of a fresh low near 92.00 against the U.S. dollar added a layer of caution for import-heavy industries.

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

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