Top Gainers Today 16-Sep-2026: Paytm, ITC jump

Introduction

Nifty 50 closed at 23,241.80, up 0.53%, while the Sensex rose 0.53% to 74,398.69 as markets attempted a technical rebound after the previous session’s sharp sell-off. Banking and financials were among the key supports, with the Nifty Bank ending up 0.76% at 56,217.40. Volatility cooled, with India VIX down 2.26% to 13.13, and several high-volume moves were seen in select mid and small caps.

Large Cap Top Gainers

One 97 Communications Ltd (+3.50%) Paytm climbed as investors looked for a technical rebound in higher-beta fintech names after broader markets stabilised. The move came alongside heavy trading activity, with 1.61 crore shares changing hands, pointing to strong participation in the rebound.

HDFC Life Insurance Company Ltd (+3.03%) HDFC Life gained as financials led the market recovery, with the Nifty Bank closing up 0.76%, supporting sentiment across lenders and financial services. The stock also traded closer to its 52-week low zone (52-week low: Rs 508.70), a level that often draws incremental buying during rebounds.

SBI Life Insurance Company Ltd (+2.84%) SBI Life advanced as the insurance pack moved up in tandem with broader strength in financials during the day’s rebound session. With the stock near the lower end of its 52-week range (52-week low: Rs 1,653.00), investors appeared to position for a bounce as volatility cooled.

ITC Ltd (+2.46%) ITC rose as defensive consumer names featured among the day’s gainers, with several large FMCG stocks also ending in the green in the broader market data. The stock saw strong volumes of 1.60 crore shares, suggesting active accumulation during the rebound.

State Bank of India (+2.24%) SBI gained as banking stocks anchored the headline indices, reflected in the Nifty Bank’s 0.76% rise. Trading volumes were elevated at 91.77 lakh shares, indicating strong institutional and retail participation in the sector-led bounce.

Mid Cap Top Gainers

Patanjali Foods Ltd (+7.86%) Patanjali Foods surged on a sharp spike in trading activity, with volumes at 3.02 crore shares, aligning with the “vol shocker” type action highlighted in the day’s market movers feed. The heavy volume mattered because it signalled aggressive repositioning despite the stock still being far below its 52-week high of Rs 614.65.

PB Fintech Ltd (+4.99%) PB Fintech jumped as investors added exposure to insurance distribution and fintech-linked plays during a financials-led rebound (Nifty Bank +0.76%). The stock also saw active participation with 23.68 lakh shares traded, reinforcing the strength of the move.

Aegis Logistics Ltd (+4.35%) Aegis Logistics gained as crude oil remained a key market variable in the day’s macro setup, keeping investor focus on energy-linked themes during the rebound session. The move was backed by strong volumes of 21.17 lakh shares, suggesting the rally was participation-driven rather than a thin trade.

Max Financial Services Ltd (+4.03%) Max Financial rose in sympathy with the broader insurance upmove seen across large caps and financials, as investors rotated back into the space amid falling volatility (India VIX -2.26%). With the stock closer to its 52-week low of Rs 1,408.05 than its high, the rebound indicated renewed risk-taking in the segment.

Tata Communications Ltd (+3.94%) Tata Communications climbed as investors selectively bought quality mid-caps in the technical rebound, even as parts of the IT pack were weak on the day. Volumes were modest at 3.28 lakh shares, indicating the price move was driven more by incremental demand than by a broad, high-volume chase.

Small Cap Top Gainers

Innovana Thinklabs Ltd (+18.37%) Innovana Thinklabs spiked as a sharp technical rebound played out in a thinly traded counter, resulting in an outsized percentage gain on just 33.24 thousand shares. The rally also pushed the stock back near its longer-term reference points cited in market data (200-DMA around the mid-360s), which often acts as a trigger level for short-term momentum trades.

Euro Pratik Sales Ltd (+13.96%) Euro Pratik Sales jumped with a strong single-session outperformance versus its sector, as highlighted in market feeds tracking the move. With no specific corporate trigger provided in the data, the rise appears driven by price-action momentum after the stock’s recent close around the Rs 240 zone, with volumes at 1.56 lakh shares.

VTM Ltd (+12.95%) VTM rallied as the stock rebounded sharply from the lower end of its 52-week range (52-week low: Rs 39.85), a zone that typically attracts bargain-led buying after extended weakness. Volumes of 4.77 lakh shares supported the move, indicating the bounce was backed by meaningful trading participation.

Network People Services Technologies Ltd (+12.47%) NPST surged as traders positioned ahead of the upcoming dividend of Rs 2 per share due on 18 Sep 2026, a clearly defined event that can trigger short-term demand. The rally also came with heavy volumes of 31.76 lakh shares, strengthening the signal that the move was broadly participated.

CSB Bank Ltd (+11.64%) CSB Bank jumped as the stock staged a reversal after six consecutive sessions of decline, according to the market context provided, making it a clear relief rally. The move was reinforced by very high volumes of 88.60 lakh shares and also aligned with broader strength in banking as the Nifty Bank closed higher.

Market Overview

Benchmark indices recovered on September 16, with Nifty 50 ending at 23,241.80 (+0.53%) and Sensex at 74,398.69 (+0.53%), as investors attempted a technical rebound after the prior day’s five-month low close for Nifty. The decline in India VIX to 13.13 (-2.26%) indicated cooling near-term risk perception, which typically supports rebound trades in higher-beta names.

Sectorally, banking and financial stocks were a key pillar for the session, reflected in the Nifty Bank’s 0.76% gain to 56,217.40. At the same time, the day’s macro setup remained sensitive to crude oil, US Treasury yields and the upcoming Fed decision, factors that were explicitly flagged as market triggers in the broader context.

Explore More Market Movers

Readers can explore the complete list of market movers here:

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