Top Gainers and Losers on March 24, 2026: IndiGo Leads Gains, Coal India Tops Losers

Indian equity benchmarks ended Tuesday’s session at their day’s high, driven by strong buying in banking, financial, and IT stocks, along with broad-based participation across sectors.

The Nifty 50 rose 412.25 points, or 1.98%, to close at 22,924.90, while the BSE Sensex jumped 1,372.06 points, or 1.89%, to settle at 74,068.45.

Banking, financial services, and IT stocks led the rally, helping the indices sustain momentum throughout the session and finish near their peak levels.

Top Gainers of the Day

• IndiGo surged as aviation stocks rebounded sharply after easing geopolitical tensions and a slight correction in crude oil prices, which directly impacts fuel costs. The stock had fallen earlier when crude spiked above US$110, so this move is largely a relief rally.
• Larsen & Toubro gained on strong buying in infrastructure and capital goods stocks. With markets recovering, investors rotated into cyclical sectors like infra, which tend to outperform during economic optimism phases.
• Bajaj Finance moved higher as financial stocks participated in the broader rally. The sector saw renewed buying interest after recent corrections, supported by improving sentiment and growth visibility.
• Eternal rallied as part of the rebound in new-age and platform companies. These stocks had corrected earlier and saw sharp recovery buying as risk appetite returned to the market.
• Asian Paints recovered alongside other crude-sensitive stocks. After falling due to rising oil prices, the stock bounced back as crude cooled slightly and overall market sentiment improved.

Top Losers of the Day

• Coal India saw profit booking despite the broader rally. PSU and commodity stocks lagged as investors shifted focus to high-growth sectors instead of defensives.
• Power Grid declined as utility stocks underperformed in a risk-on market. When markets rally, these stable, low-volatility names usually get ignored.
• Adani Enterprises remained under pressure and failed to participate in the rally. Select largecaps saw muted movement as market gains were not evenly distributed.
• Sun Pharma slipped as pharma stocks faced mild selling. The sector typically underperforms during bullish sessions as investors move toward cyclical plays.
• Cipla edged lower for similar reasons, with defensive pharma names seeing reduced demand amid a broader risk-on rally.

Read more: KPI Green Energy Shares Gain 4%; Energised Capacity Reaches 965 MWp After Recent Additions.

Conclusion

The market rally on March 24 reflected a clear shift toward risk-on sentiment, with strong buying in banking, financial, and cyclical stocks driving benchmark indices to the day’s high. Stocks like IndiGo, L&T, and Bajaj Finance benefited from improving macro cues and sectoral rotation, while defensives such as Coal India, Power Grid, and pharma stocks lagged amid profit booking and reduced investor interest. 

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 or 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 related documents carefully before investing.