Top Gainers & Losers: Pharma Stocks Lead Nifty Gainers; IT Sector Drags Market Lower | 23 Jun 2026, 12:00 PM IST
By Sivam
The Nifty 50 remained largely flat today, with pharmaceutical stocks showing strong upward momentum. Conversely, the IT sector experienced significant declines, pulling the broader market.
The Nifty 50 traded flat today, closing at 24101.75 with a marginal −1 point move. The Nifty Bank also saw a slight dip, ending at 57850.10 with a −0.15% change.
Top Gainers
| Company | Price (₹) | Change (%) |
|---|---|---|
| Cipla Ltd. (CIPLA) | 1453.3 | +2.66% |
| Sun Pharmaceutical Industries Ltd. (SUNPHARMA) | 1888.8 | +1.39% |
| Shriram Finance Ltd. (SHRIRAMFIN) | 1005.65 | +1.29% |
| ICICI Bank Ltd. (ICICIBANK) | 1368 | +1.15% |
| Tata Consumer Products Ltd. (TATACONSUM) | 1125 | +1.09% |
| Dr. Reddy’s Laboratories Ltd. (DRREDDY) | 1303.7 | +1.01% |
| Apollo Hospitals Enterprise Ltd. (APOLLOHOSP) | 8535 | +0.78% |
| Bajaj Finance Ltd. (BAJFINANCE) | 975.65 | +0.76% |
| Axis Bank Ltd. (AXISBANK) | 1368.4 | +0.72% |
| Mahindra & Mahindra Ltd. (M&M) | 3084 | +0.67% |
Pharmaceutical stocks dominated the top gainers list on Tuesday, signaling robust investor interest in the healthcare sector. Cipla led the pack with a +2.66% rise, followed by Sun Pharmaceutical Industries Ltd. and Dr. Reddy’s Laboratories Ltd. Sun Pharmaceutical Industries Ltd. notably rose after announcing an agreement to acquire Innovcare Lifesciences. Financial services companies like Shriram Finance Ltd., ICICI Bank Ltd., Bajaj Finance Ltd., and Axis Bank Ltd. also registered gains, indicating some positive sentiment in the lending space. Tata Consumer Products Ltd. and Mahindra & Mahindra Ltd. rounded out the top performers.
Top Losers
| Company | Price (₹) | Change (%) |
|---|---|---|
| Infosys Ltd. (INFY) | 1033.9 | −2.96% |
| Tata Consultancy Services Ltd. (TCS) | 2070.1 | −2.71% |
| Hindalco Industries Ltd. (HINDALCO) | 991.7 | −2.22% |
| Wipro Ltd. (WIPRO) | 176.31 | −2.15% |
| Tech Mahindra Ltd. (TECHM) | 1409 | −1.83% |
| Tata Motors Passenger Vehicles Ltd. (TMPV) | 356.8 | −1.30% |
| Tata Steel Ltd. (TATASTEEL) | 196.53 | −1.23% |
| HCL Technologies Ltd. (HCLTECH) | 1117.5 | −1.15% |
| Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) | 1809.4 | −0.97% |
| Adani Enterprises Ltd. (ADANIENT) | 3031.2 | −0.93% |
The Information Technology sector bore the brunt of selling pressure, with all major IT services companies — Infosys Ltd., Tata Consultancy Services Ltd., Wipro Ltd., Tech Mahindra Ltd., and HCL Technologies Ltd. — featuring prominently among the top losers. Infosys Ltd. led the declines with a −2.96% fall. Metal stocks also experienced significant declines, with Hindalco Industries Ltd. and Tata Steel Ltd. both in the red. Tata Motors Passenger Vehicles Ltd. and Adani Group companies, Adani Ports and Special Economic Zone Ltd. and Adani Enterprises Ltd., also closed lower.
The clear divergence between the strong pharma performance and the weakness in IT and metals suggests a selective market sentiment, focusing on defensive plays while shying away from growth-oriented sectors.