Indian equity benchmarks were largely rangebound at midday on February 6, with marginal cuts in the Nifty 50 and Bank Nifty, even as select heavyweight stocks provided support. Against this muted broader-market backdrop, a handful of Nifty 50 constituents traded higher and emerged as the top gainers by percentage at noon.
ITC was the top gainer among Nifty 50 stocks in midday trade, up 5.2% at ₹326.2. The stock remained in positive territory while the benchmark index showed marginal movement.
Kotak Mahindra Bank traded 3.8% higher at ₹424.1. The stock advanced even as the Bank Nifty index stayed under pressure during the session.
Bajaj Finance was up 2.1% at ₹985.4 in midday trade. The stock moved higher in an otherwise mixed financials space.
Telecom stock Bharti Airtel rose 1.8% to ₹2,028.3, contributing to the limited gains seen in the frontline index.
Hindustan Unilever traded 1.2% higher at ₹2,383.5, in line with selective buying interest in FMCG stocks.
Banking major Axis Bank gained 0.8% to ₹1,341.4 during midday deals, even as overall banking stocks showed mixed performance.
Power Grid Corporation was also up 0.8%, trading at ₹291.7 in the first half of the session.
Consumer discretionary stock Titan Company traded 0.8% higher at ₹4,128.9 at midday.
Metal stock Hindalco Industries edged up 0.5% to ₹940.2, while the broader metals space remained mixed.
Rounding out the list, Bajaj Finserv traded 0.3% higher at ₹2,006.9 during midday trade.
Overall, gains in these Nifty 50 stocks were seen amid a cautious market environment, with benchmark indices showing marginal changes and sectoral trends remaining mixed through the first half of the trading session on February 6.