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Tue, 23 Jun 2026
03:29:11 pm
Tue, 23 Jun 2026
03:29:11 pm
Rudransh Sangwan
Published at: June 23, 2026, 1:23 PM
Synopsis
Top Nifty 50 gainers and losers today: Cipla, Power Grid, Dr Reddy's and Sun Pharma gain while Infosys, TCS, Wipro, JSW Steel and Adani Enterprises decline. Full stock-wise analysis.
Indian equity markets witnessed mixed sentiment as defensive sectors such as pharmaceuticals and utilities attracted buying interest, while information technology and metal stocks faced significant selling pressure. The divergence reflects growing investor caution amid global macroeconomic uncertainties, evolving interest rate expectations, and sector-specific developments.
While stocks like Cipla, Power Grid, Dr. Reddy's Laboratories, Asian Paints and Sun Pharma emerged among the top gainers, heavyweight stocks including Infosys, Wipro, TCS, JSW Steel and Adani Enterprises ended among the biggest losers.
| Stock | LTP (₹) | Gain (%) | Sector |
|---|---|---|---|
| Cipla | 1,435.00 | 1.36% | Pharmaceuticals |
| Power Grid | 292.50 | 0.95% | Power Transmission |
| Dr. Reddy's | 1,300.90 | 0.79% | Pharmaceuticals |
| Asian Paints | 2,662.00 | 0.41% | Paints & Home Decor |
| Sun Pharma | 1,867.00 | 0.22% | Pharmaceuticals |
Cipla Ltd is one of India's largest pharmaceutical companies with a strong presence across respiratory therapies, anti-retroviral medicines, oncology, cardiovascular drugs and generic pharmaceuticals.
The company exports medicines to more than 80 countries and continues to benefit from strong domestic formulations growth and improving US business performance.
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Investors continue to accumulate Cipla shares due to:
The pharmaceutical sector often attracts investors during uncertain market conditions, making Cipla a preferred defensive bet.
Power Grid Corporation of India is India's largest electric power transmission company. It owns and operates the country's largest transmission network and plays a critical role in India's power infrastructure development.
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Several factors continue supporting Power Grid:
Investors are increasingly favouring utility stocks as safe-haven investments during periods of market volatility.
Dr. Reddy's Laboratories is a global pharmaceutical major engaged in generic medicines, active pharmaceutical ingredients (APIs), biosimilars and specialty products.
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The company's diversified revenue streams continue attracting long-term institutional investors.
Asian Paints is India's largest decorative paints manufacturer and a dominant player in home décor, waterproofing and industrial coatings.
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Although demand has moderated in some regions, investors remain optimistic because of:
The company continues to benefit from India's structural urbanisation story.
Sun Pharmaceutical Industries is India's largest pharmaceutical company by revenue and one of the leading specialty pharma players globally.
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The stock remains a preferred choice among investors seeking defensive exposure.
| Stock | LTP (₹) | Decline (%) | Sector |
|---|---|---|---|
| Infosys | 1,029.00 | -3.42% | |
| IT Services | |||
| Wipro | 174.39 | -3.21% | IT Services |
| TCS | 2,060.00 | -3.19% | IT Services |
| JSW Steel | 1,242.70 | -3.10% | Metals |
| Adani Enterprises | 2,964.60 | -3.10% | Diversified Infrastructure |
Infosys Ltd is India's second-largest IT services company, providing consulting, cloud computing, artificial intelligence, digital transformation and outsourcing services globally.
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Selling pressure emerged due to:
The IT sector remains highly sensitive to global economic conditions.
Wipro Ltd offers IT consulting, cloud services, cybersecurity, artificial intelligence solutions and business process outsourcing services.
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Investors continue to closely monitor management's turnaround initiatives.
Tata Consultancy Services (TCS) is India's largest IT services company and one of the world's leading technology outsourcing firms.
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Despite strong fundamentals, TCS fell alongside the broader IT sector due to:
Long-term fundamentals remain intact, but short-term sentiment remains cautious.
JSW Steel is one of India's largest integrated steel manufacturers with operations across steel production, mining and infrastructure.
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The stock witnessed profit booking amid:
Investors remain focused on infrastructure demand trends and export opportunities.
Adani Enterprises serves as the flagship incubator company of the Adani Group and operates across airports, green hydrogen, mining, roads, data centres and infrastructure businesses.
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The stock saw weakness due to:
However, long-term investors continue monitoring execution across its expanding infrastructure portfolio.
The outperformance of Cipla, Dr. Reddy's and Sun Pharma highlights investor preference for sectors offering:
Infosys, Wipro and TCS collectively indicate renewed caution in technology stocks amid concerns around:
Power Grid's gains suggest investors are rotating towards businesses with predictable cash flows and lower earnings volatility.
Investors are expected to remain focused on:
Defensive sectors such as pharmaceuticals and utilities may continue to outperform if global uncertainty remains elevated, while technology stocks could remain volatile until demand visibility improves.
Cipla emerged as the top gainer, rising 1.36%.
Infosys was the biggest loser, declining 3.42%.
Pharmaceutical stocks benefited from defensive buying as investors sought stable earnings and lower-risk sectors.
IT stocks declined due to concerns over global technology spending, slower deal pipelines and economic uncertainty.
Yes. Power Grid is often considered a defensive utility stock due to its regulated business model and stable cash flows.
Healthcare and utilities outperformed, while IT and metals underperformed.
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