Top Gainers & Losers: Nifty Dips; Auto Stocks Shine on Strong Earnings, Financials See Pressure | 23 Jul 2026, 12:00 PM IST
By ThePip Desk
The Nifty 50 edged lower today, closing down 52 points. Auto sector stocks led the gainers with robust Q1 results, while pharmaceuticals and select financials experienced declines.
The Indian benchmark Nifty 50 index saw a slight dip today, closing at 23944.00, down −0.22% or 52 points. The Nifty Bank index also faced pressure, declining by −0.83%. Despite the broader market’s cautious sentiment, several stocks posted significant gains, primarily driven by strong corporate earnings and positive business updates, indicating selective investor interest.
Top Gainers
| Company | Price | Change% |
|---|---|---|
| Eternal Ltd. (ETERNAL) | ₹293.85 | +3.32% |
| Bajaj Auto Ltd. (BAJAJ-AUTO) | ₹11310 | +2.83% |
| Mahindra & Mahindra Ltd. (M&M) | ₹3247.9 | +2.29% |
| Eicher Motors Ltd. (EICHERMOT) | ₹7774 | +1.86% |
| Hindalco Industries Ltd. (HINDALCO) | ₹960.05 | +1.06% |
| Bajaj Finserv Ltd. (BAJAJFINSV) | ₹1894.2 | +0.95% |
| Kotak Mahindra Bank Ltd. (KOTAKBANK) | ₹384.25 | +0.81% |
| ITC Ltd. (ITC) | ₹283.05 | +0.80% |
| SBI Life Insurance Company Ltd. (SBILIFE) | ₹1821 | +0.79% |
| Tata Consumer Products Ltd. (TATACONSUM) | ₹1102.6 | +0.70% |
The auto sector emerged as a significant outperformer among today’s top gainers, with three major players featuring prominently. Bajaj Auto Ltd. led the charge, posting a strong gain of +2.83%, following news of a substantial jump in its Q1 consolidated net profit. Mahindra & Mahindra Ltd. also saw robust buying interest, climbing +2.29%. This positive movement for M&M was supported by announcements of upcoming price hikes across its SUV and commercial vehicle range, coupled with encouraging reports of a rise in June tractor sales from its Farm Equipment Business, including an increase in exports. Eicher Motors Ltd., another key player in the automotive segment, also recorded a healthy increase of +1.86%, indicating broader positive sentiment for the sector. Beyond the automotive strength, Eternal Ltd. stood out with the highest gain of +3.32%, driven by the outcome of its recent board meeting and a reported over three-fold surge in its Q1 consolidated net profit. Other notable gainers included Hindalco Industries Ltd. from the metals sector, and financial services players like Bajaj Finserv Ltd., Kotak Mahindra Bank Ltd., and SBI Life Insurance Company Ltd., alongside consumer staples giant ITC Ltd. and Tata Consumer Products Ltd.
Top Losers
| Company | Price | Change% |
|---|---|---|
| Dr. Reddy’s Laboratories Ltd. (DRREDDY) | ₹1154 | −2.43% |
| Nestle India Ltd. (NESTLEIND) | ₹1459.5 | −2.28% |
| Adani Enterprises Ltd. (ADANIENT) | ₹3100.8 | −1.49% |
| Shriram Finance Ltd. (SHRIRAMFIN) | ₹1045.1 | −1.29% |
| Infosys Ltd. (INFY) | ₹1041.6 | −1.00% |
| Apollo Hospitals Enterprise Ltd. (APOLLOHOSP) | ₹8852.5 | −0.96% |
| HDFC Bank Ltd. (HDFCBANK) | ₹746.6 | −0.87% |
| State Bank Of India (SBIN) | ₹1016.2 | −0.86% |
| Bajaj Finance Ltd. (BAJFINANCE) | ₹1051.2 | −0.86% |
| JSW Steel Ltd. (JSWSTEEL) | ₹1256.4 | −0.83% |
On the downside, the list of top losers presented a more diversified picture, with no single sector experiencing a concentrated sell-off. Dr. Reddy’s Laboratories Ltd. led the declines, shedding −2.43%, placing the pharmaceutical sector under pressure. Close behind was Nestle India Ltd., which fell −2.28%, indicating some weakness in the FMCG space. Adani Enterprises Ltd. also saw a notable dip of −1.49%. The financial sector contributed several names to the losers’ list, including Shriram Finance Ltd., HDFC Bank Ltd., State Bank Of India, and Bajaj Finance Ltd., suggesting a cautious approach by investors towards banking and non-banking financial companies today. Infosys Ltd. from the IT sector and JSW Steel Ltd. from the metals sector also closed in negative territory. The broad distribution of losers across different sectors indicates that while specific positive catalysts drove gains, broader market sentiment remained somewhat subdued, leading to profit-taking or cautious selling in various segments.
Overall, the day’s trading activity highlights a market where strong individual corporate performances, particularly in the auto sector, were rewarded, even as the broader indices experienced a modest decline, reflecting a selective investment environment.