Stories
Nifty 50 Rebounds: Adani Enterprises and Eternal Lead Gains While IT Stocks Lag
- •The Nifty 50 index experienced a mixed performance across its constituents following a significant drop to its 52-week low.
- •Adani Enterprises emerged as the top gainer with a 41.5 percent surge, closely followed by Eternal with a 37.7 percent increase.
- •The IT sector suffered heavy losses as weak discretionary spending and macro uncertainty weighed heavily on major tech stocks like Infosys and HCLTech.
- •Other notable gainers included Adani Ports, Kotak Mahindra Bank, Trent, and BSE, reflecting strong momentum in new-age and narrative stocks.
Key Questions Answered
Adani Enterprises led the gains by rising 41.5 percent, followed by Zomato and Blinkit's parent company Eternal, which climbed 37.7 percent. Other strong performers included Adani Ports, Kotak Mahindra Bank, Trent, and BSE.
The ailing IT sector saw a relentless sell-off, making Infosys, ONGC, and HCLTech among the worst-performing Nifty 50 stocks. Additionally, ITC and Bharat Electronics dropped 12.9 percent each, while Reliance Industries lost 12.8 percent.
Weakness in the IT segment is likely to persist because discretionary spending remains restrained as clients adopt a cautious approach amid macro uncertainty. Commercial constructs are resetting as clients underwrite AI-led efficiency into renewals, vendor consolidation, and cost-takeout deals.
