Top Gainers Today 23-Mar-2026: Stocks Leading the Rally

Indian equity markets closed with modest gains on Monday, with the Nifty 50 rising 112.35 points (0.49%) to settle at 23,114.50. Market breadth was positive, as 2,600 stocks advanced while 1,644 declined on the BSE. The rally was primarily driven by strong buying in IT, PSU Bank, and Pharmaceutical stocks, which were the top-performing sectors of the day.

Large Cap Top Gainers

HCL Technologies Ltd (+1.83%)

Shares of HCL Technologies gained as part of a broader, sector-wide rally in information technology stocks. The NIFTY IT index emerged as the day's top sectoral performer, climbing 2.17%, which lifted major IT counters including HCL Tech.

Power Grid Corporation of India Ltd (+1.39%)

The stock of this public sector undertaking (PSU) advanced, supported by positive sentiment in PSU stocks. The NIFTY CPSE index registered gains, reflecting investor interest in state-owned enterprises, which benefited Power Grid.

Infosys Ltd (+0.28%)

Infosys shares edged higher, tracking the strong momentum in the IT sector. A widespread buying interest in technology stocks, driven by positive sectoral cues, contributed to the gains in this large-cap IT major.

Tech Mahindra Ltd (+0.19%)

Tech Mahindra was another beneficiary of the strong performance of the IT pack. The stock moved in tandem with its peers as investors favored technology stocks during the trading session, leading to a sector-wide upswing.

Mid Cap Top Gainers

Apar Industries Ltd (+1.30%)

Apar Industries shares climbed amid a broadly positive market, though there was no specific corporate announcement to trigger the move. The stock's gain was in line with the overall market strength, which saw more advancing stocks than declining ones.

Coforge Ltd (+1.01%)

Coforge rallied, mirroring the strong performance of the broader IT sector. As an IT services company, its shares benefited from the significant investor demand for technology stocks that made the NIFTY IT index the day's top gainer.

Billionbrains Garage Ventures Ltd (+0.62%)

The stock gained ground on the back of significantly high trading volumes. The counter witnessed trading of 1.78 crore shares, indicating heightened investor interest and participation that helped push the price higher.

Premier Energies Ltd (+0.34%)

Premier Energies saw a modest uptick, supported by positive sentiment in the broader energy space. The NIFTY Energy index closed in the green, providing a favorable backdrop for stocks within the sector.

Persistent Systems Ltd (+0.09%)

Shares of Persistent Systems registered a minor gain, aligning with the strong rally across the IT industry. The stock was lifted by the same sectoral tailwinds that propelled other major technology companies higher during the day.

Small Cap Top Gainers

Mangalam Global Enterprise Ltd (+14.83%)

Mangalam Global Enterprise surged on the back of unusually high trading volume. Investor interest appears to be fueled by the company's strong financial performance reported in previous quarters, which has showcased robust year-on-year sales growth.

Gujarat Alkalies & Chemicals Ltd (+14.44%)

The stock rallied on massive volumes, driven by positive investor sentiment ahead of its scheduled analyst and investor meet in Mumbai. The surge was further supported by a recent disclosure of promoter buying, which boosted investor confidence.

NOCIL Ltd (+11.23%)

NOCIL shares jumped significantly after the company's board approved a capex of Rs 130 crore for the expansion of its rubber chemicals facility. Investors reacted positively to this development, which signals strong future growth prospects and expansion plans.

Bluspring Enterprises Ltd (+10.40%)

Bluspring Enterprises surged on high volumes after the company announced it is seeking shareholder approval via postal ballot for its 'Bluspring ESOS 2026' plan. The market perceived this move to incentivize and retain talent as a long-term positive for the company.

Ecoline Exim Ltd (+9.80%)

Ecoline Exim gained due to strong technical momentum, with the stock price approaching its 52-week high of Rs 143.90. This upward movement attracted breakout traders and investors, contributing to the stock's rally.

Market Overview

Indian benchmark indices ended the session with gains on March 23, 2026, supported by positive global cues. The Nifty 50 closed 0.49% higher at 23,114.50, while the broader market showed strength with an advance-decline ratio favoring buyers, as 2,600 stocks advanced against 1,644 decliners on the BSE.

Sectoral performance was mixed but leaned positive. The NIFTY IT index was the standout performer, surging 2.17%, followed by NIFTY PSU BANK which climbed 2.07% and NIFTY PHARMA which gained 1.99%. On the other hand, sectors like NIFTY Realty (-0.93%) and NIFTY Financial Services (-0.68%) faced selling pressure, indicating a rotational trend among investors. The overall positive market breadth suggests underlying strength despite the mixed sectoral picture.

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https://www.multibagg.ai/market-movers/top-gainers