Top Gainers and Losers of Nifty 50 on 28 Apr: Reliance, Sun Pharma Rally; Shriram Finance Drags
- 28th April 2025
- 03:30:00 PM
- 3 min read
Mumbai, 28th April: Indian equity markets bounced back strongly on Monday, marking an end to a two-day losing streak, on the back of positive corporate earnings, high market participation, and encouraging global cues on tariffs.
The NSE Nifty 50 index rose by 289.15 points or 1.20% to end at 24,328.50.
Heavyweight shares like Reliance Industries, Sun Pharmaceutical Industries, and JSW Steel were among the top momentum leaders. Shriram Finance and HCL Technologies, on the other hand, were among the leading laggards.
Top 5 Gainers in Nifty 50:
| Rank | Stock | Gain (%) | Key Reason |
| 1 | Reliance Industries (RIL) | +5.26% | Beat Q4 earnings estimates with 2% rise in profit |
| 2 | Sun Pharmaceutical Industries | +3.03% | Pharma sector optimism and strong export outlook |
| 3 | JSW Steel Ltd | +2.53% | Approval of subsidiary’s resolution plan and sectoral support |
| 4 | Bharat Electronics Ltd (BEL) | +2.50% | ₹2,210 crore defence order boost |
| 5 | SBI Life Insurance Co | +2.42% | Stable Q4 net profit and steady business outlook |
Top 5 Losers in Nifty 50:
| Rank | Stock | Loss (%) | Key Reason |
| 1 | Shriram Finance Ltd | -5.07% | Sharp correction with no major news; possible profit booking |
| 2 | HCL Technologies Ltd (HCLTECH) | -1.83% | Concerns over IT sector outlook and impact of tariffs |
| 3 | UltraTech Cement Ltd (ULTRACEMCO) | -1.01% | Sectoral worries, higher mineral taxes, diversification concerns |
| 4 | Eternal Ltd (Zomato) (ETERNAL) | -0.70% | Increased competition in quick commerce segment |
| 5 | Hindustan Unilever Ltd (HUL) | -0.58% | Slower volume growth and shrinking valuation premium |
Stock Highlights:
- Reliance Industries Ltd was the largest gainer, up 5.26% following the release of better-than-expected quarterly numbers, significantly lifting investor sentiment.
- Sun Pharma gained more than 3%, led by hopes of sturdy financials and strong export prospects.
- JSW Steel Ltd gained 2.53% on reports of its wholly owned subsidiary winning the Colour Roof India insolvency case and positive momentum in the metal space.
- Conversely, Shriram Finance Ltd was the largest laggard, falling 5.07% to close at ₹622.
- HCL Technologies Ltd also declined 1.83% due to concerns over the earnings resilience of the broader IT sector and uncertainties over tariffs.
- UltraTech Cement Ltd fell 1.01% as the cement industry came under pressure due to rising input costs and ongoing strategic diversification issues.
- Eternal Ltd (Zomato) fell 0.70%, dragged down by intense competition in the quick commerce segment.
- HUL lost 0.58%, as investors were wary of its low-volume growth and valuation corrections.
Market Outlook:
Despite Monday’s rally, volatility continued, with the next batch of economic data releases, corporate earnings, and international market news, particularly tariff- and commodity pricing-related news, certain to keep the market in a state of uncertainty.
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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.
