Top Gainers & Losers Today: Coforge, City Union Bank, Swiggy Shine While Suzlon, HUL & Varun Beverages Slide

Top Gainers & Losers on 28 July: IT Stocks Outperform While FMCG and Financials Drag Markets

Indian equity markets ended Tuesday's session with marginal losses as strong buying in IT and Realty stocks was offset by weakness in FMCG, PSU Banks, and Financial stocks.

The Nifty 50 closed at 23,987 (-0.04%), while the Sensex ended at 76,779 (-0.07%) amid mixed global cues.

Market Closing Snapshot

• Nifty 50: 23,987 (-0.04%)
• Sensex: 76,779 (-0.07%)
• Nifty IT: +3.28%
• Nifty Realty: +1%
• Nifty Consumer Durables: +1%
• Nifty FMCG: -1%
• Nifty Chemicals: -1%
• Nifty PSU Bank: -1%

Markets remained range-bound as investors awaited major central bank policy decisions later this week.

Top Gainers

Strong quarterly earnings and sectoral momentum helped several stocks outperform.

Best Performing Stocks

• Coforge: +10.3%
• Affle 3i: +9.3%
• Lodha Developers: +8.6%
• Kalyan Jewellers: +7.7%
• City Union Bank: +7.5%
• Hexaware Technologies: +5%+
• Gallantt Ispat: +5%+
• eClerx Services: +5%+
• TCS: +5%+
• Swiggy: +4%+
• Eternal: +4%+

The IT sector remained the strongest performer of the day, supported by positive earnings and improved global technology sentiment.

Top Losers

Profit booking and weaker-than-expected quarterly earnings weighed on several stocks.

Worst Performing Stocks

• Suzlon Energy: -9.7%
• Gravita India: -8.4%
• Varun Beverages: -7.4%
• Hindustan Unilever (HUL): -7.0%
• Capri Global Capital: -6%+
• Bharat Electronics (BEL): -5%+
• Tejas Networks: -5%+
• Coal India: -4%+
• Tata Chemicals: -4%+
• Avenue Supermarts: -4.5%
• Apar Industries: -4.1%

Several of these declines came after investors reacted to quarterly earnings announcements.

Sector Performance

The market witnessed mixed sectoral participation.

Top Performing Sectors

• Information Technology
• Realty
• Consumer Durables

Weakest Sectors

• FMCG
• PSU Banks
• Chemicals
• Metals
• Media
• Cement

Global Market Update

Asian markets traded sharply lower during the session.

Key highlights

• South Korea's Kospi declined sharply following weakness in major technology companies.
• Brent crude oil slipped below $88 per barrel.
• Lower crude prices provided some relief to inflation expectations.
• Investors remained cautious ahead of upcoming Federal Reserve, Bank of England, and Bank of Japan policy meetings.

Key Market Drivers

Several factors influenced market sentiment

• Strong earnings from IT companies.
• Weakness in FMCG after Q1 results.
• Profit booking in select large-cap stocks.
• Declining crude oil prices.
• Global technology sector volatility.
• Investor caution before major central bank meetings.

Key Positives

• IT sector emerged as the day's biggest winner.
• Strong buying in technology stocks.
• Realty sector continued its positive momentum.
• Lower crude oil prices eased inflation concerns.

Key Risks

Investors should continue monitoring

• Global technology sector performance.
• US Federal Reserve policy.
• Crude oil prices.
• Geopolitical developments.
• Ongoing Q1 FY27 earnings season.
• Foreign Institutional Investor (FII) activity.

Final Thoughts

Although benchmark indices closed marginally lower, the market witnessed significant stock-specific action driven by quarterly earnings. The IT sector remained the clear outperformer, while FMCG and financial stocks faced selling pressure.

With earnings season in full swing and major global central bank decisions approaching, volatility is likely to remain elevated in the near term.

Question for Investors

Which stock impressed you the most today?

• Coforge
• TCS
• Swiggy
• City Union Bank
• Lodha Developers

Share your views in the comments.

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Disclaimer

This article is published solely for educational and informational purposes and should not be considered investment advice, financial advice, or a recommendation to buy, sell, or hold any security. TrendRipperX is not registered with SEBI as an Investment Adviser or Research Analyst. Investors should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.