Nifty 50 Gainers, May 29, 2026:Tech Mahindra Leads; IT, FMCG and Infra Stocks Drive Broad-Based Advance

Mumbai, May 29: Tech Mahindra topped the Nifty 50 gainers chart on Friday, rising 1.68% to lead an advance that was notable for its sectoral breadth spanning information technology, FMCG, infrastructure and consumer durables as domestic institutional buying picked up into the weekend on a day when Asian Paints’ quarterly results and improving macroeconomic sentiment provided a constructive backdrop. HCL Technologies, Wipro, Nestle India, Larsen & Toubro, and Asian Paints rounded out the top six gainers, rising between 0.60% and 1.44% in a session that saw the IT pack punch well above its weight alongside defensive and infrastructure names.

Tech Mahindra: Top Gainer

Tech Mahindra (NSE: TECHM) claimed the top spot among Nifty 50 gainers on Friday, climbing 1.68% to an LTP of ₹1,480 from a previous close of ₹1,455.60. The stock opened at ₹1,476.90, scaled a session high of ₹1,496.60, and held a low of ₹1,460.10, pointing to consistent buying pressure through the session with sellers unable to drag it below the opening price for long. 

Traded value crossed ₹586 crore, making it one of the day’s most actively watched IT counters. Tech Mahindra’s outperformance came as investors rotated into undervalued large-cap IT names ahead of upcoming quarterly guidance revisions, with the stock having lagged its peers meaningfully over the prior two quarters.

HCL Technologies

HCL Technologies (NSE: HCLTECH) was the second-biggest gainer, advancing 1.44% to an LTP of ₹1,182 from its previous close of ₹1,165.20. The stock opened at ₹1,180, hit a session high of ₹1,191.70, and held a low of ₹1,177 a tight intraday range that signalled controlled, conviction-led buying rather than short-covering. Traded value came in at approximately ₹1,474 crore, making it the highest-value trade among Friday’s Nifty 50 gainers and reflecting strong institutional participation. HCL Tech’s advance reinforced its position as a preferred name in the large-cap IT space, supported by its strong order pipeline in digital transformation and its relatively resilient margin profile compared to sector peers.

Wipro

Wipro (NSE: WIPRO) gained 1.25% to an LTP of ₹204.10 from its previous close of ₹201.58, opening at ₹211 before dipping to a session low of ₹203.65 the widest intraday range among the top gainers before stabilising and holding above the previous close. Traded value was a substantial ₹1,704 crore on volume of over 8.27 crore shares, making it the most actively traded name by volume in Friday’s session by a wide margin. Wipro’s recovery from the intraday low reflected dip-buying support as investors looked past near-term volatility, with the stock having shown relative strength in recent weeks as turnaround optimism and improving deal win velocity draw fresh institutional interest.

Nestle India

Nestle India (NSE: NESTLEIND) rose 1.09% to an LTP of ₹1,443 from its previous close of ₹1,427.50, opening at ₹1,431.40 and touching a session high of ₹1,444.10 with a low of ₹1,408.50. Traded value was approximately ₹1,858 crore as the FMCG bellwether attracted a combination of defensive buying and momentum-driven flows. Nestle India’s steady ascent through the session, with the stock closing near its day’s high, reflected investor confidence in the company’s pricing power and rural distribution reach even as urban consumption shows signs of gradual recovery a narrative that has made FMCG majors an increasingly attractive destination for long-only funds.

Larsen & Toubro

Larsen & Toubro (NSE: LT) gained 1.05% to an LTP of ₹4,090 from its previous close of ₹4,047.50, opening at ₹4,045.80 and recording a session high of ₹4,128 with a low of ₹4,045. Traded value was approximately ₹1,998 crore, the second-highest among Friday’s Nifty 50 gainers, reflecting deep institutional interest in India’s premier engineering and construction conglomerate. L&T’s resilience through a choppy session underscored its status as a core infrastructure holding, with investors continuing to back the company’s strong order book, expanding technology services arm, and exposure to government-led capex spending that has remained robust despite global macro headwinds.

Asian Paints

Asian Paints (NSE: ASIANPAINT) rounded out the top six Nifty 50 gainers on Friday, rising 0.60% to an LTP of ₹2,688 from its previous close of ₹2,671.90 on a result day that saw the stock swing dramatically touching an intraday high of ₹2,748.20 and a low of ₹2,631.60 before settling near current levels as investors digested a mixed but broadly encouraging set of quarterly numbers. The company reported a 68% jump in Q4 FY26 net profit to ₹1,185 crore and declared a final dividend of ₹23 per share. Traded value was approximately ₹1,358 crore, and the stock’s ability to close in positive territory despite intraday volatility of over ₹116 speaks to the underlying demand for India’s largest paints company.

Top Nifty 50 Gainers for Friday, May 29:

Source:

• https://www.nseindia.com/market-data/top-gainers-losers