Nifty Top Gainers and Losers on June 26: Shriram Finance, Jio Fin Lead Surge; Pharma, Tech Drag
- 26th June 2025
- 05:30:00 PM
- 3 min read
Mumbai, 26th June – Indian equity benchmarks rallied on Wednesday, June 26, driven by strong gains in financial and metal stocks, lifting both the Nifty and Sensex to fresh highs. The BSE Sensex surged 1,000.36 points to close at 83,755.87, while the NSE Nifty 50 climbed 304.25 points or 1.21% to settle at 25,549 — scaling a new peak during intraday trade at 25,565.30.
The market rally was led by broad-based buying across sectors, especially banking, finance, and metal stocks. Meanwhile, pharma and IT stocks witnessed mild profit booking, with Dr. Reddy’s, Tech Mahindra, and Hero MotoCorp ending in the red.
Top Gainers and Losers – Nifty 50
| Company | % Change |
| Shriram Finance Ltd. | 4.16% |
| Jio Financial Services Ltd. | 3.03% |
| Hindalco Industries Ltd. | 2.67% |
| Tata Steel Ltd. | 2.31% |
| Adani Ports & SEZ Ltd. | 2.17% |
| Dr. Reddy’s Laboratories Ltd. | -1.50% |
| Tech Mahindra Ltd. | -0.87% |
| Hero MotoCorp Ltd. | -0.53% |
| Maruti Suzuki India Ltd. | -0.27% |
| State Bank of India | -0.13% |
Key Market Drivers
- Shriram Finance emerged as the day’s top gainer, jumping 4.16% to ₹703.20. The surge came on the back of strong traction in lending activity and positive sentiment surrounding the NBFC space, especially as Nifty Bank and Nifty Financial Services hit record highs.
- Jio Financial Services continued its strong run, gaining 3.03% to ₹312.50. Optimism around its expanding lending footprint and integration synergies with Reliance’s broader ecosystem lifted investor confidence.
- Hindalco Industries advanced 2.67% to ₹690.60, supported by improving global metal prices and expectations of demand revival in the aluminium space.
- Tata Steelrose 2.31% to ₹179.20 amid renewed interest in metal counters, tracking a rebound in international steel prices.
- Adani Ports and SEZ gained 2.17% to ₹1,414.25 as port traffic data and expansion updates continued to draw institutional interest.
On the flip side:
- Reddy’s Laboratories declined 1.50% to ₹1,321.50. The fall reflects a sector-wide rotation out of defensives, with some concern over pricing pressures in the U.S. generics market.
- Tech Mahindra shed 0.87% to ₹1,690.20 amid muted guidance commentary from global tech peers and sectoral lag post recent outperformance.
- Hero MotoCorp ended 0.53% lower at ₹4,278, facing headwinds from lukewarm rural demand and ongoing EV transition challenges.
- Maruti Suzuki and SBI posted minor losses of 0.27% and 0.13%, respectively, likely due to profit booking after recent rallies.
Sectoral Performance and Outlook
The market saw bullish momentum particularly in banking, finance, and metals. The Nifty Bank index hit an all-time high as lenders gained on expectations of sustained credit growth and margin stability. The broader Nifty Financial Services index followed suit.
Meanwhile, defensive sectors like pharma and IT underperformed, indicating a shift in risk appetite. With benchmark indices at lifetime highs, valuations may become a talking point, especially ahead of the monthly F&O expiry and upcoming macroeconomic releases.
Bottomline
Wednesday’s sharp rally underscored renewed risk-on sentiment as benchmark indices continued their upward trajectory. Leadership from NBFCs, telecom, and metals signals a sectoral rotation back toward growth and capex-linked themes.
While the rally provides a confidence boost, the sustainability of this momentum hinges on global cues, corporate earnings, and central bank commentary. With the Nifty Bank and Finance indices at record levels, investors may look for sectoral consolidation and stock-specific triggers in the days ahead.
Risk appetite is back — but with eyes firmly on upcoming data prints and global policy trends.
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.
