Top Gainers Today 01-Sep-2026: ITC, TBZ rally

Introduction

Nifty 50 closed at 24,055.80, down 24.60 points (-0.10%) on 01 Sep 2026, even as select heavyweight gainers capped the downside. Market breadth within the index stayed slightly negative with more stocks declining than advancing (23 up versus 27 down, as per exchange snapshot). FMCG and IT stood out among pockets of strength, while banking and broader midcaps remained under pressure in the sectoral read-through provided.

Large Cap Top Gainers

ITC Ltd (+3.98%) ITC jumped as FMCG stocks outperformed in the day’s sectoral mix, with the Nifty FMCG index cited as one of the strongest pockets (+1.10%). The stock also saw heavy participation with 3.31 crore shares traded, indicating the move was backed by large volumes rather than a thin trade.

Adani Green Energy Ltd (+3.45%) Adani Green climbed in a session where leadership was concentrated in a few large-cap pockets, including prominent “Adani” counters highlighted among the day’s index gainers in the market snapshot. With 46.60 lakh shares traded, the rise was accompanied by active turnover versus its usual large-cap liquidity.

HCL Technologies Ltd (+3.21%) HCL Tech rallied alongside strength in IT, with the Nifty IT index cited higher (+0.78%) even as the headline index ended slightly lower. The stock’s 42.00 lakh share volume added confirmation that the move was driven by meaningful participation in IT names.

Adani Power Ltd (+2.74%) Adani Power advanced as energy-linked names were among the day’s supportive groups in the broader market narrative, helping select cyclicals hold up despite weakness in banks and midcaps. The counter also saw high trading activity at 4.08 crore shares, underscoring strong intraday churn.

Infosys Ltd (+2.44%) Infosys gained in tandem with the IT pack as the sectoral snapshot showed IT in the green while financials dragged. The stock recorded 1.37 crore shares in volume, supporting the view that institutional and trader participation aligned with the sector up-move.

Mid Cap Top Gainers

Welspun Corp Ltd (+6.91%) Welspun Corp surged as the stock pushed close to its 52-week high zone (52-week high 2,576.50 versus close 2,553.00), a setup that often triggers breakout buying. Volumes were firm at 37.78 lakh shares, reinforcing that the move was supported by participation.

Jindal Stainless Ltd (+4.50%) Jindal Stainless rose as metals and cyclical pockets were referenced among the day’s leadership areas in the market context, contrasting with weakness in banks and pharma. The stock’s 11.54 lakh share volume suggests the rally drew active positioning rather than a low-volume spike.

Aditya Infotech Ltd (+4.36%) Aditya Infotech climbed on momentum trade, with the stock continuing to hold near the upper band of its 52-week range (high 4,094.50). With 6.11 lakh shares traded, the move had reasonable liquidity support for a midcap.

Anthem Biosciences Ltd (+3.65%) Anthem Biosciences gained as it traded near its 52-week high (942.00) and closed at 924.00, a level that can attract follow-through buying from momentum participants. Trading volume stood at 13.93 lakh shares, indicating heightened activity.

Mphasis Ltd (+3.54%) Mphasis advanced in line with the IT sector’s positive print in the sectoral snapshot (Nifty IT +0.78%). The stock’s 11.50 lakh share volume showed the sector move translated into meaningful buying in midcap IT as well.

Small Cap Top Gainers

Kalyani Forge Ltd (+20.00%) Kalyani Forge locked at the 20% upper circuit and hit a fresh 52-week high (1,100.90), pointing to a price-limit move driven by aggressive demand and limited supply on the tape. With 2.46 lakh shares traded, the rally was accompanied by active buying even after the stock hit the day’s cap.

Tribhovandas Bhimji Zaveri Ltd (+19.99%) TBZ hit the 20% upper circuit after the company disclosed that GRT Jewellers signed an SPA to acquire a 74.12% promoter stake (up to Rs 1,033.71 crore), triggering a change-of-control transaction. Investors also reacted to the mandatory open offer announcement for up to 1,72,70,845 shares (25.88%) at Rs 249.61 per share, with the twin deal and open-offer structure acting as the clear catalyst for the sharp move.

Bharat Global Developers Ltd (+19.96%) Bharat Global Developers jumped close to the 20% mark, consistent with an upper-circuit type move seen in small caps when buy orders dominate and sellers thin out. In the absence of any specific company announcement in the provided inputs, the price action is best explained by a sharp momentum move supported by the day’s 14.30 lakh share volume.

Steel Strips Wheels Ltd (+16.98%) Steel Strips Wheels rallied after reporting its highest-ever net turnover for August 2026 at Rs 592.92 crore, up 53.6% year-on-year, with gross turnover at Rs 687.51 crore (+44.7%). Investors responded to the breadth of growth across trucks, 2/3-wheelers, aluminium wheels and exports, and the stock also saw extremely heavy volumes at 2.95 crore shares.

Shish Industries Ltd (+13.25%) Shish Industries advanced sharply on elevated trading activity (44.83 lakh shares), indicating a momentum-driven move in a low-price small-cap counter. With no specific corporate trigger available in the provided dataset, the day’s move appears driven by price action and turnover concentration.

Market Overview

Nifty 50 settled at 24,055.80 (-0.10%), ending marginally lower as losses in banks and other rate-sensitive pockets offset gains in select heavyweight counters. The sectoral snapshot in the provided context showed Nifty FMCG up 1.10% and Nifty IT up 0.78%, while Nifty Bank (-0.69%), Nifty Midcap 100 (-1.00%) and Nifty Pharma (-1.40%) remained key drags.

Market participation was narrower than the index move suggested. The exchange snapshot indicated 23 advancing constituents versus 27 declining constituents, pointing to a slightly negative breadth even though a few large gainers supported the index.

On the macro and risk backdrop referenced in the context, West Asia tensions and higher crude oil prices were flagged as factors keeping the broader tone cautious, which also aligned with the pressure seen in banks, financials and broader midcaps.

Explore More Market Movers

Readers can explore the complete list of market movers here: https://www.multibagg.ai/market-movers/top-gainers