Top Gainers And Losers On February 1, 2026: Wipro, TCS Gain; BEL, Hindalco Slide

Indian equity benchmarks ended sharply lower in a highly volatile Budget-day session on February 1, as heavy selling pressure dragged the Nifty below the 24,900 mark. The Sensex plunged 1,546.84 points, or 1.88%, to close at 80,722.94, while the Nifty fell 495.20 points, or 1.96%, to 24,825.45.

Market breadth remained negative, with 2,299 stocks declining, compared with 1,673 advances, while 155 shares ended unchanged. Broader markets underperformed, with the Nifty Midcap index sliding 2.2% and small-cap stocks shedding 2.8%. 

Sectorally, barring IT, all indices closed in the red. 

Top Gainers Of The Day

• Wipro emerged as the top gainer among large-cap stocks, rising 2.12% to close at ₹241.93. The IT major traded in a wide range between ₹235.44 and ₹247.23, supported by strong volumes of over 2.10 crore shares, indicating renewed investor interest in IT names.
• Max Healthcare Institute gained 1.82% to end the session at ₹974.25, as healthcare stocks continued to attract defensive buying amid broader market volatility.
• Tata Consultancy Services (TCS) advanced 1.74%, settling at ₹3,178.20. The stock touched an intraday high of ₹3,234, reflecting sustained optimism around large-cap IT stocks.
• Cipla rose 1.44% to ₹1,343, supported by steady buying interest in pharmaceutical counters.
• Sun Pharmaceutical Industries closed 0.86% higher at ₹1,609, recovering from intraday lows as investors selectively accumulated pharma stocks.

Top Losers Of The Day

• On the downside, Bharat Electronics Limited (BEL) witnessed sharp selling pressure, plunging 6.02% to close at ₹421.95. The stock saw heavy volumes of over 10.15 crore shares, making it one of the most actively traded counters of the session.
• Hindalco Industries declined 5.78% to ₹907, dragged down by weakness in metal stocks amid concerns over global commodity trends.
• ONGC slipped 5.50% to ₹254.20, as oil and gas stocks came under pressure following volatility in crude prices.
• State Bank of India (SBI) ended 5.31% lower at ₹1,020, with PSU banking stocks witnessing profit booking after recent gains.
• Adani Ports and Special Economic Zone fell 5.06% to ₹1,347.90, extending losses amid broader weakness in infrastructure and logistics stocks.

Conclusion 

Overall, the session highlighted sectoral divergence, with IT and pharma stocks offering relative stability, while PSU, metals, and energy stocks faced selling pressure. Market participants remained cautious, closely tracking global cues and stock-specific developments.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.