Top Gainers Today 28-Jul-2026: IT leads the surge

Introduction

Indian equities saw a narrow, sector-led session, with IT and select high-beta names dominating the top gainers list on 28 Jul 2026. In the session updates available, Nifty 50 hovered around 24,002 while Sensex traded near 76,893, as investors tracked easing crude prices, a pause in Middle East hostilities and awaited the US Federal Reserve policy decision. The strongest leadership came from technology, with Nifty IT reported up about 3.75% intraday, helping names like TCS and Tech Mahindra outperform. Market breadth data and FII-DII flow numbers were not provided in the shared dataset.

Large Cap Top Gainers

Lodha Developers Ltd (+8.46%) Lodha Developers jumped as the stock pushed close to its 52-week high zone, with investors chasing a momentum move in a heavily traded session. The counter saw strong activity with 1.37 crore shares traded, and the price ended just below the 52-week high of Rs 1,327.50, a setup that often attracts breakout-focused buying.

Tata Consultancy Services Ltd (+4.47%) TCS climbed in tandem with a sharp move in the IT pack after Nifty IT was reported up nearly 4% intraday, putting large-cap software exporters back in focus. Sector leadership was supported by the broader narrative of investors positioning ahead of the US Fed decision and reacting to global tech volatility by preferring established services-led IT names.

Eternal Ltd (+4.02%) Eternal rose on unusually heavy trading volumes, with 7.35 crore shares changing hands, signalling stock-specific activity despite no company news being provided in the dataset. The move fits a momentum-led pattern where volume expands meaningfully alongside a 4% price gain.

Tech Mahindra Ltd (+3.86%) Tech Mahindra advanced as investors bought IT stocks aggressively, mirroring the reported 3.75% rise in the Nifty IT index driven by heavyweight participation. The stock’s gain also aligned with early-session reports that IT names were among the top Sensex gainers, reinforcing sector-wide flows into tech.

Nestle India Ltd (+3.37%) Nestle India gained as defensives saw demand in a session marked by macro event risk, with investors tracking crude moves and the upcoming Fed decision. The stock traded near its 52-week high of Rs 1,509.75, and the proximity to that level can amplify incremental buying from technical and low-volatility portfolios.

Mid Cap Top Gainers

Coforge Ltd (+10.28%) Coforge surged after the company filed an updated investor presentation for Q1 FY27 (quarter ended June 30, 2026) that highlighted strong growth and profitability. The presentation disclosed revenue of $192.2 million (up 33.3% YoY) and PAT of $15.6 million (up 45.9% YoY), alongside improved margins, order intake and details around the Encora acquisition, which investors typically treat as visibility on execution.

Kalyan Jewellers India Ltd (+7.81%) Kalyan Jewellers rallied as the stock moved close to its 52-week high, a technical trigger that often brings follow-through buying in momentum-led sessions. The counter also saw elevated participation with 3.95 crore shares traded, reinforcing that the rise was supported by strong turnover rather than a thin move.

Swiggy Ltd (+3.63%) Swiggy gained in a high-activity session, with 4.16 crore shares traded, indicating strong participation in the counter even though no company-specific news was provided in the dataset. The stock also featured in the broader “top gainers” list shared in the market context, pointing to a continuation of active trading interest.

Glaxosmithkline Pharmaceuticals Ltd (+3.57%) GSK Pharma advanced as pharmaceuticals showed pockets of strength in the broader gainers list, despite muted volumes in this counter. With no specific company update provided, the move appears consistent with defensive sector rotation on a day when traders were positioned cautiously ahead of a key global central bank event.

Mphasis Ltd (+3.56%) Mphasis rose alongside the broader IT upmove, supported by the intraday jump in Nifty IT and gains in large-cap peers that set the tone for the sector. The stock’s rise came with 14.31 lakh shares traded, suggesting participation improved as the IT trade strengthened through the session.

Small Cap Top Gainers

Optivalue Tek Consulting Ltd (+19.97%) Optivalue Tek Consulting hit its 52-week high of Rs 142.70, a clear technical catalyst that typically triggers breakout buying and momentum strategies in small caps. The move came with 12.67 lakh shares traded, suggesting the rally was backed by meaningful participation rather than a low-liquidity spike.

Ashika Credit Capital Ltd (+14.18%) Ashika Credit Capital jumped and ended just below its 52-week high of Rs 500, with investors chasing a continuation move after the stock’s strong recent price performance cited in the shared context. Volumes were active at 21.38 lakh shares, supporting the upside move.

Ganesh Benzoplast Ltd (+11.73%) Ganesh Benzoplast surged on a high volume day, with 1.19 crore shares traded, and traded close to its 52-week high levels (Rs 130). The market context also flagged a “new 52W high today” and “high volume + gain” setup, which often attracts short-term traders and breakout-focused investors.

Mahamaya Steel Industries Ltd (+10.70%) Mahamaya Steel rose sharply even as reported volumes were thin (4.85K shares), indicating the move was driven by limited float available at higher prices rather than broad participation. With no fresh company news provided in the dataset, the day’s rise appears to be a momentum-led move within the steel-linked small-cap pocket.

Shiv Aum Steels Ltd (+9.99%) Shiv Aum Steels climbed nearly 10% in a low-volume session (19.31K shares), a pattern that can occur when supply is limited at higher levels. In the absence of a specific news trigger in the provided inputs, the move is best explained as a technical continuation within small-cap metal names.

Market Overview

In the session updates available, benchmarks were largely range-bound with Nifty 50 seen around 24,002 and Sensex around 76,893, as traders weighed easing crude prices and a pause in US-Iran hostilities against uncertainty ahead of the US Federal Reserve policy decision. Asian markets were reported sharply lower, led by steep losses in South Korea and Japan due to a semiconductor selloff, but Indian IT bucked the regional weakness.

Sectorally, technology was the standout, with Nifty IT reported up about 3.75% intraday, lifting large-cap names such as TCS and Tech Mahindra and supporting mid-cap IT like Coforge and Mphasis. Defensive pockets such as FMCG and pharma also featured in gainers, consistent with positioning around a macro-heavy calendar.

Advance-decline data and FII-DII flow numbers were not available in the dataset shared for this report.

Explore More Market Movers

Readers can explore the complete list of market movers here:

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