Closing Bell: Nifty Climbs to 24085, Pharma and IT Lead Gains; FIIs Net Buyers | 22 Jun 2026, 03:45 PM IST
Key Highlights
Indian equities closed higher today, with the Nifty 50 rising 0.30% to 24085.60. Strong performance in Pharma and IT sectors, alongside FII buying, supported the market.
Indian equity benchmarks concluded Monday’s trading session in positive territory, with the advancing by +72.50 points, or +0.30%, to close at 24085.60. Market breadth favored advances, as 31 out of 50 Nifty constituents registered gains, while 19 declined.
Indices Close Higher
The broader market also reflected a positive sentiment. The Nifty Bank index rose by +199.50 points, or +0.35%, to settle at 57885.25. Similarly, the NIFTY Midcap 100 index gained +178.35 points, or +0.29%, closing at 62695.65.
| Index | Close | Change | Change% |
|---|---|---|---|
| Nifty 50 | 24085.60 | +72.50 | +0.30% |
| Nifty Bank | 57885.25 | +199.50 | +0.35% |
| NIFTY Midcap 100 | 62695.65 | +178.35 | +0.29% |
Pharma, IT Stocks Lead Gains; Consumer Durables Retreat
Among the Nifty 50 constituents, Cipla Ltd. emerged as the top gainer, surging +4.73% to ₹1415.8. Other significant advancers included Tech Mahindra Ltd. (+1.55%), Dr. Reddy’s Laboratories Ltd. (+1.54%), Sun Pharmaceutical Industries Ltd. (+1.32%), and Reliance Industries Ltd. (+1.26%).
| Top 10 Gainers | Close (₹) | Change% |
|---|---|---|
| Cipla Ltd. (CIPLA) | 1415.8 | +4.73% |
| Tech Mahindra Ltd. (TECHM) | 1431.4 | +1.55% |
| Dr. Reddy’s Laboratories Ltd. (DRREDDY) | 1291.7 | +1.54% |
| Sun Pharmaceutical Industries Ltd. (SUNPHARMA) | 1862.5 | +1.32% |
| Reliance Industries Ltd. (RELIANCE) | 1326 | +1.26% |
| Infosys Ltd. (INFY) | 1064.6 | +1.26% |
| Bajaj Auto Ltd. (BAJAJ-AUTO) | 10185 | +1.18% |
| Bharat Electronics Ltd. (BEL) | 431.2 | +1.01% |
| HDFC Life Insurance Company Ltd. (HDFCLIFE) | 597.25 | +0.91% |
| Grasim Industries Ltd. (GRASIM) | 3176.5 | +0.86% |
Conversely, Asian Paints Ltd. recorded the steepest decline, falling −2.14% to ₹2674.5. Other notable losers included Titan Company Ltd. (−1.01%), Nestle India Ltd. (−1.00%), Shriram Finance Ltd. (−0.87%), and Trent Ltd. (−0.77%).
| Top 10 Losers | Close (₹) | Change% |
|---|---|---|
| Asian Paints Ltd. (ASIANPAINT) | 2674.5 | −2.14% |
| Titan Company Ltd. (TITAN) | 4375.4 | −1.01% |
| Nestle India Ltd. (NESTLEIND) | 1400.7 | −1.00% |
| Shriram Finance Ltd. (SHRIRAMFIN) | 993.15 | −0.87% |
| Trent Ltd. (TRENT) | 3181 | −0.77% |
| Power Grid Corporation Of India Ltd. (POWERGRID) | 290.05 | −0.75% |
| ITC Ltd. (ITC) | 290.85 | −0.56% |
| Coal India Ltd. (COALINDIA) | 448.9 | −0.53% |
| Hindustan Unilever Ltd. (HINDUNILVR) | 2184.1 | −0.48% |
| JIO Financial Services Ltd. (JIOFIN) | 243.4 | −0.43% |
Sectoral Performance Shows Mixed Trends
Sectoral performance was mixed, with some sectors registering gains of +1.24%, +0.74%, +0.51%, +0.50%, +0.36%, and +0.23%. Conversely, one sector recorded a decline of −0.54%.
FIIs Turn Net Buyers, DIIs Net Sellers
(FIIs) were net buyers in today’s session, injecting +4859.07 crore into the market. (DIIs), however, were net sellers, offloading equities worth −1159.64 crore. This follows FII net selling of −1025.2 crore and DII net buying of +3516.81 crore on June 18, and FII net buying of +101.59 crore alongside DII net buying of +1561.4 crore on June 17.
Tech Mahindra Gains on AI Partnership and Services Launch
Tech Mahindra Ltd. (+1.55%) saw its shares rise following two key announcements. The company partnered with Viam, which includes training engineers on the Viam platform. Additionally, Tech Mahindra launched Agentic Development & Modernization Services, integrating agentic AI across the application lifecycle to accelerate AI-led, autonomous enterprise ecosystems.
Investors will likely monitor global cues and institutional flow trends as the market approaches tomorrow’s opening session.