Nifty Top Gainers and Losers on June 20: Jio Fin, Airtel Spark Rally; Autos Under Pressure

Mumbai, 20th June –  Indian equity markets rebounded sharply on Friday, June 20, snapping a three-day losing streak as investor sentiment improved across frontline sectors. The BSE SENSEX rallied 1,046 points to close at 82,408, while the NSE NIFTY50 ended 319 points higher at 25,112.40, marking a 1.29% gain.

The rally was led by buying in heavyweights including Jio Financial Services, Bharti Airtel, and Trent Ltd., while select auto stocks like Bajaj Auto and Hero MotoCorp buckled under selling pressure. Strong participation in financials, telecom, and consumer plays helped push the indices higher, even as global cues remained mixed.

Top Gainers and Losers – Nifty 50

Key Market Drivers

Jio Financial Services emerged as the top gainer on the Nifty 50, jumping 3.57% to ₹294.25, amid expectations of deeper NBFC penetration and stronger alignment with the broader Reliance Group ecosystem.

Bharti Airtel rose 3.18% to ₹1,936.70, backed by investor optimism over tariff hikes and growing revenue market share in the telecom space.

Trent Ltd. climbed 3.04% to ₹5,897.50 as strong consumer sentiment and premium retail demand continued to boost the stock.

Mahindra & Mahindra rebounded 2.90%, reversing recent losses after rural and EV segment commentary turned more constructive.

Bharat Electronics added 2.43%, driven by consistent order inflows and continued bullishness around defence PSUs.

On the losing end, Bajaj Auto fell 1.47% to ₹8,371 as concerns over export volumes and valuation headwinds kept pressure on the stock.

Hero MotoCorp declined 1.04% to ₹4,338.50 on continued rural demand uncertainties and weak EV traction.

Maruti Suzuki dipped slightly by 0.12% to ₹12,791 as investors booked profits post recent highs.

Dr. Reddy’s Laboratories ended nearly flat, down 0.06% at ₹1,325.30, amid sectoral rotation away from pharma defensives.

Bottomline

Friday’s rally was broad-based, but leadership from large caps in NBFCs, telecom, and consumer retail stood out. With both the Sensex and Nifty logging over 1.3% weekly gains, investor confidence seems to have returned — at least temporarily.

While the rally offers a breather, upcoming global macroeconomic data, F&O expiry, and inflation prints may keep markets on edge. Stocks sensitive to domestic demand and balance sheet quality are likely to remain in focus as traders assess sustainability of this bounce.

Risk appetite has returned — but eyes remain on the road ahead.