Top Gainers & Losers: Nifty Rises: Banks, IT Lead Gains; Auto Sector, Insurers See Declines | 24 Jun 2026, 12:00 PM IST
By Sivam
The Nifty 50 advanced on Wednesday, propelled by robust performances in banking and IT stocks. Meanwhile, the automotive and insurance sectors experienced significant downward pressure, indicating selective market movements.
The Indian equity market closed Wednesday, 24 June 2026, on a positive note, with the Nifty 50 gaining +159 pts to settle at 23983.35, a +0.67% increase. The Nifty Bank index also saw significant upward momentum, rising +1.34% to 57949.95, reflecting strength in the financial sector.
Top Gainers
| Company | Price (₹) | Change (%) |
|---|---|---|
| Trent Ltd. | 3250.6 | +3.43% |
| ICICI Bank Ltd. | 1372.4 | +2.55% |
| Interglobe Aviation Ltd. | 5084.4 | +2.48% |
| Dr. Reddy’s Laboratories Ltd. | 1333.2 | +2.45% |
| Adani Enterprises Ltd. | 3028 | +2.20% |
| Tech Mahindra Ltd. | 1446.6 | +2.19% |
| Infosys Ltd. | 1049.5 | +1.96% |
| HDFC Bank Ltd. | 789.3 | +1.89% |
| Bajaj Finance Ltd. | 980 | +1.83% |
| Tata Consultancy Services Ltd. | 2091.7 | +1.56% |
Leading the pack of gainers was Trent Ltd., showcasing strength in the retail sector. Financials also had a robust day, with both ICICI Bank and HDFC Bank making it to the top gainers. ICICI Bank, in particular, saw positive movement after informing the market about the allotment of ESOPs and equity shares, a development often interpreted as a sign of internal confidence and strategic capital management. Interglobe Aviation (IndiGo) also ascended, buoyed by its recent initiatives, including the launch of ‘Cabs with IndiGo’ to enhance customer travel experience and the commencement of flight operations from Noida International Airport, signaling expansion and service diversification. The IT sector also contributed significantly to the Nifty’s upward trajectory, with Tech Mahindra, Infosys, and Tata Consultancy Services all registering healthy gains, reflecting broader positive sentiment towards technology stocks.
Top Losers
| Company | Price (₹) | Change (%) |
|---|---|---|
| Bajaj Auto Ltd. | 9760 | −2.64% |
| NTPC Ltd. | 358.5 | −1.67% |
| Maruti Suzuki India Ltd. | 13239 | −1.58% |
| SBI Life Insurance Company Ltd. | 1759.3 | −1.51% |
| HDFC Life Insurance Company Ltd. | 588.65 | −1.47% |
| Tata Motors Passenger Vehicles Ltd. | 349.75 | −1.35% |
| Wipro Ltd. | 172.52 | −1.13% |
| Grasim Industries Ltd. | 3113.7 | −0.97% |
| Bharti Airtel Ltd. | 1883.6 | −0.95% |
| Titan Company Ltd. | 4275.2 | −0.70% |
Conversely, the automotive sector experienced a notable downturn, with Bajaj Auto, Maruti Suzuki India, and Tata Motors Passenger Vehicles all featuring prominently among the top losers. This broad-based decline suggests a sector-specific headwind for two-wheelers and passenger vehicles on Wednesday. The insurance sector also faced pressure, as both SBI Life Insurance Company and HDFC Life Insurance Company recorded declines. NTPC, a power sector giant, also saw its shares dip, alongside Grasim Industries and Bharti Airtel, indicating a mixed performance across diversified industrials and telecommunications.
The market’s mixed performance, with banking and IT leading gains against declines in auto and insurance, suggests a cautious but selective positive sentiment among investors.