Top gainers and losers on January 16: Infosys, Tech Mahindra, Wipro shares surge over 2.5%; check full list

The Indian equity benchmarks snapped their two-day losing streak on Friday, January 16, powered by gains in information technology (IT) shares after Infosys reported better than anticipated December quarter earnings post market hours on Wednesday.

The SENSEX rose as much as 752 points and NIFTY50 index touched an intraday high of 25,873. But markets gave up gains in noon deals on account of profit taking ahead of key earnings announcement by HDFC Bank and ICICI Bank on Saturday.

The SENSEX ended 188 points higher at 83,570 and NIFTY50 index advanced 29 points to close at 25,694.

NIFTY50 top gainers and losers

Infosys was top gainer in the NIFTY50 index the stock ended 5.58% higher at ₹1,689 after the Bengaluru-based company raised its revenue growth guidance to 3%-3.5% from its earlier growth guidance of 2%-3% and it expects margins to be in range of 20%-22% for the current financial year.

Infosys reported a net profit of ₹6,654 crore in the third quarter of current financial year (Q3FY26), marking a decline of 2.2% from ₹6,806 crore in the same period last year. On a sequential basis, Infosys net profit declined 9.6% from ₹7,364 crore in the previous quarter.

Mirroring gains in Infosys other IT companies also ended higher. Tech Mahindra (5.26%), Wipro (2.54%), HCL Technologies (2.41%) and Tata Consultancy Services (2.34%) were also among the top gainers in the NIFTY50 index.

On the flipside, Eternal (-3.76%), Jio Financial Services (-3.15%), Cipla (-2.54%), Hindalco (-2.44%) and Asian Paints (-2.03%) were top losers in the NIFTY50 index.

NIFTY Midcap 100 top gainers and losers

NIFTY Midcap 100 index advanced 0.16% or 97 points to close at 59,868. As many as 43 share ended higher while 57 closed lower.

Federal Bank was top gainer in the NIFTY Midcap 100 index, the stock advanced 9.68% to close at ₹270.75 after it reported net profit of ₹1,041 crore in the third quarter of current financial year (Q3FY26), marking an upside of 9% from ₹955 crore in the same period last year.

Its net interest income or the difference between interest earned on loans and expended on deposits advanced 9.1% to ₹2,653 crore as against ₹2,431 crore in the year-ago period.

Federal Bank's net interest margin (NIM) expanded 12 bps QoQ to 3.18%, supported by liability mix improvement and asset repricing, the bank said in a press release.

Oracle Financial Services Software (5.48%), AU Small Finance Bank (4.71%), 360 One Wam (3.89%) and HPCL (3.7%) were also among the gainers.

On the other hand, Patanjali Foods (-4.2%), Hitachi Energy India (-4.06%), Polycab (-3.74%), Dixon Technologies (-3.29%) and NALCO (-3.23%) were among the top losers in the NIFTY Midcap 100 index.

NIFTY Smallcap 100 top gainers and losers

NIFTY Smallcap 100 index declined 0.3% or 49 points to close at 17,362. As many as 68 shares ended lower while 32 closed higher.

HBL Engineering was top loser in the NIFTY Smallcap 100 index, the stock fell 10% to close at ₹791 after it informed exchanges that it did not get order for loco Kavach tender for 6,300 units.

HBL Engineering said that it did not get any order from the CLW loco Kavach tender for 6,300 units because other bidder's prices were lower. The company's total expected demand has now reduced to 12,129 units from its earlier expectation of 18,429 units.

MRPL (-5.3%), Redington (-4.06%), Aegis Vopak Terminals (-4.05%) and Reliance Power (-3.68%) were also among the top laggards in the NIFTY Smallcap 100 index.

On the contrary, Angel One (8.52%), Zen Technologies (7.87%), IFCI (7.49%), Sagility (3.74%) and Swan Corp (2.8%) were top gainers in the NIFTY Smallcap 100 index.