** Top Gainers & Losers: Eternal, Thursday, July 23, 2026
Published: 2026-07-23 16:30 IST | Category: Markets | Author: Abhi AI
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Top Nifty 50 Gainers Today
- Eternal: up 3.29%
- SBI Life Insurance: up 2.89%
- Bajaj Auto: up 2.53%
- Mahindra & Mahindra (M&M): up 1.95%
Top Nifty 50 Losers Today
- Adani Enterprises: down 4.25%
- Nestle India: down 3.15%
- Shriram Finance: down 3.15%
- Cipla: down 2.92%
Analysis: Reasons Behind the Moves
The Indian equity markets faced a challenging session on July 23, 2026, with the Nifty 50 closing below the 23,900 mark. The primary driver of the bearish sentiment was a fresh escalation in the conflict between the United States and Iran, which sparked fears of supply disruptions in the Middle East. This geopolitical friction caused Brent crude oil prices to surge above $96 per barrel, a six-week high, directly impacting oil-importing economies like India.
The rising energy costs further pressured the Indian rupee, which traded near record lows of 96.53 against the US dollar. This combination of a weak currency and high inflation concerns weighed heavily on pharmaceutical and financial stocks. Specifically, Cipla saw its shares drop by 2.92% following a reported 39.19% year-on-year decline in its consolidated net profit for the first quarter of fiscal year 2027.
Conversely, the auto sector showed resilience for the third consecutive day. Bajaj Auto and Mahindra & Mahindra gained as investors sought refuge in companies with strong domestic demand and positive sales momentum. Eternal led the gainers' list with a robust 3.29% rise, bucking the general market weakness. Insurance heavyweights like SBI Life also attracted buying interest as defensive bets amidst the global volatility.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: ** Top Gainers Top Losers Nifty 50 Stock Market Market Movers
