Nifty Top Gainers and Losers on June 23: Trent Soars on Index Inclusion; IT Stocks Drag
- 23rd June 2025
- 06:00:00 PM
- 3 min read
Mumbai | June 23 – Indian equity markets ended lower on Monday, June 24, as geopolitical concerns and weak global cues weighed on sentiment. The BSE SENSEX fell 512 points to close at 81,896.79, while the NSE NIFTY50 slipped 140.50 points to end at 24,971.90, marking a 0.56% decline.
Pressure in IT, auto, and heavy industrial stocks pulled the indices down. However, stocks like Trent Ltd., Bharat Electronics, and Hindalco bucked the trend, finding favour with investors on index inclusion news and sectoral strength. Meanwhile, tech majors and auto names remained under pressure throughout the session.
Top Gainers and Losers – Nifty 50
| Company | % Change |
| Trent Ltd. | 3.77% |
| Bharat Electronics | 3.10% |
| Hindalco Industries | 1.89% |
| Bajaj Finance | 1.54% |
| Adani Enterprises | 1.27% |
| Infosys Ltd. | -2.40% |
| Larsen & Toubro Ltd. | -2.14% |
| HCL Technologies | -2.11% |
| Hero MotoCorp | -1.32% |
| Mahindra & Mahindra | -1.11% |
Key Market Drivers
Trent Ltd. topped the gainers’ list, climbing 3.77% to ₹6,120 after touching an intraday high of ₹6,195. The rally came as investors reacted positively to the stock’s inclusion in the BSE Sensex, replacing Nestlé India in the index. Strong consumer demand, expanding retail footprint, and bullish momentum added to the upside.
Bharat Electronics Ltd. (BEL) gained 3.10% to ₹420.90, following similar enthusiasm around its addition to the Sensex. Continued optimism around defence orders and sector tailwinds also supported the rally.
Hindalco Industries advanced 1.89% to ₹661.40, buoyed by firm metal prices and strength in the Nifty Metal index. Analysts pointed to strong global aluminium trends and sustained demand as key drivers.
Bajaj Finance and Adani Enterprises rose 1.54% and 1.27%, respectively, supported by selective buying in financials and infra-heavy names amid market volatility.
On the downside, Infosys Ltd. fell 2.40% to ₹1,584, as weakness in global IT spending, triggered by Accenture’s lowered revenue outlook, dragged down sentiment across the sector.
Larsen & Toubro Ltd. slipped 2.14% to ₹3,583.70, amid broad-based selling in capital goods and infra names. The move was seen as part of profit-taking after a recent rally.
HCL Technologies dropped 2.11% to ₹1,703.20, following Infosys into negative territory. The Nifty IT Index ended as the day’s worst performer, falling over 1%.
Among auto stocks, Hero MotoCorp declined 1.32% to ₹4,282, and Mahindra & Mahindra dropped 1.11% to ₹2,776, as rural demand outlook remained soft and margin concerns lingered.
Bottomline
Monday’s session showed clear signs of nervousness, with global uncertainty and oil price volatility keeping investors cautious. While index heavyweights in IT, auto, and infra dragged the market down, selective strength in metal and defence counters stood out. The outperformance of Trent and BEL, driven by index inclusion, highlighted how structural flows can defy broader market weakness. With the Nifty closing below 25,000, near-term caution may persist.
All eyes now turn to global cues, oil movement, and the upcoming F&O expiry. Expect volatility to continue as traders assess whether this dip is a pause—or the start of a deeper slide. Selective buying remains the name of the game — with stock-specific stories driving action in an otherwise fragile market.
PL Capital
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
