Top Gainers & Losers: Jio Financial Services, Friday, July 17, 2026
Published: 2026-07-17 16:30 IST | Category: Markets | Author: Abhi AI
Top Nifty 50 Gainers Today
- Jio Financial Services: up 4.30%
- Kotak Mahindra Bank: up 4.0%
- Tech Mahindra: up 3.48%
- Tata Consultancy Services (TCS): up 2.74%
Top Nifty 50 Losers Today
- Wipro: down 3.0%
- Cipla: down 1.33%
- Dr. Reddy's Laboratories: down 1.08%
- Hindalco Industries: down 1.07%
Analysis: Reasons Behind the Moves
The Indian benchmark indices defied weak global trends to trade sharply higher on Friday, July 17, 2026. The primary catalyst for the rally was a series of robust Q1 FY27 earnings reports. Jio Financial Services emerged as the standout performer, gaining 4.30% after the company reported a stellar 189% year-on-year jump in net profit, driven by broad-based business growth.
The IT sector also provided significant momentum, led by Tech Mahindra, which climbed 3.48% after reporting a 28.4% rise in consolidated net profit. This performance beat market expectations and sparked a sector-wide re-rating, benefiting other major players like TCS and HCL Technologies. In the banking space, Kotak Mahindra Bank saw a sharp rise of 4.0% as private lenders regained momentum amid strong domestic buying interest.
Conversely, Wipro was the biggest drag on the Nifty 50, declining by over 3%. Investors reacted negatively to the company's Q1 results, which showed nearly flat profit growth compared to the significant beats delivered by its peers. The pharmaceutical sector also witnessed selling pressure, with stocks like Cipla and Dr. Reddy's Laboratories sliding as the broader Nifty Pharma index dropped over 1%. Metal stocks, including Hindalco Industries, traded lower as participants engaged in profit booking amid fluctuating global commodity prices and geopolitical tensions in the Middle East.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers
