Gainers & Losers: HDFC Bank, Adani Total and Infosys among 6 top movers on Thursday

D-Street Newsmakers

Indian benchmark indices ended with sharp cuts on twin blows - a sharp spike in crude oil prices and the Fed leaving policy rates unchanged while hinting at a single 25 bps rate cut in 2026. Selling pressure was seen across the board with financials, IT, auto, and realty among the worst hit sectors. The broader Nifty tanked 775.65 points, or 3.26%, to close at 23,002.15, while the 30-share Sensex plunged 2,208.11 points, or 2.88%, to settle at 74,496.02.Here are 5 stocks that saw action today:

HDFC Bank:

Shares of HDFC Bank on Thursday plunged 9% to hit the day's low of Rs 770 on the NSE, before ending the day at Rs 800, down 5%. The stock fell after its part-time Chairman and independent director, Atanu Chakraborty, stepped down. Former CEO of HDFC, Keki Mistry, has been appointed interim part-time chairman with approval from the Reserve Bank of India.

HPCL:

Shares of Hindustan Petroleum (HPCL), Indian Oil Corporation (IOC) and Bharat Petroleum (BPCL) ended lower by 6.7%, 3.2% and 5.4%, respectively, after crude oil prices soared to $116 per barrel as tensions in the Gulf intensified, with both Israel and Iran targeting energy infrastructure. High crude oil prices are negative for OMCs' margins.

Auto stocks:

Nifty Auto was today's biggest sectoral loser, dropping 3.6% with all 15 stocks ending in the red. Ashok Leyland was the top loser, declining 5% and was followed by M&M, Maruti Suzuki, and Tata Motors Passenger Vehicles, each falling over 4%. The steep correction can be attributed to the sharp spike in crude oil prices, with the Fed holding rates as the other big spoiler.

IT stocks:

Shares of Infosys, TCS and Coforge slipped over 3%, each after the Fed left policy rates unchanged, revising 2026 inflation estimates upwards to 2.7% from 2.4%. The Fed also hinted at a 25 bps single rate cut in 2026 against two initially estimated prior to the beginning of the war. The move has dashed hopes of tech spending by top US companies.

ONGC:

Shares of Oil & Natural Gas Corporation ended 1.6% higher at Rs 269.10 on the NSE after crude oil prices shot up to $116 per barrel. The stock witnessed high investor interest with approximately 2.9 crore shares getting traded on the NSE. The rising crude oil prices are positive for the upstream companies. It was the only Nifty gainer today.

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