Top Gainers & Losers: Bajaj Finance and Cipla, Thursday, September 24, 2026
Published: 2026-09-24 16:30 IST | Category: Markets | Author: Abhi AI
Top Nifty 50 Gainers Today
In a session dominated by widespread selling, only a couple of benchmark constituents managed to trade in positive territory, supported by defensive positioning:
- Cipla: Top gainer of the session, rising by approximately 0.87% to 1.27%.
- SBI Life Insurance: Edged into positive territory with a modest gain of 0.05%.
- HCL Technologies: Showed resilience in early trade, gaining 0.03%.
Top Nifty 50 Losers Today
Banking, financial services, and high-beta stocks faced the brunt of the market sell-off:
- HDFC Life Insurance: Led the losses on the Nifty 50, tumbling 5.81%.
- Bajaj Finance: Slumped 5.75% (falling over 6.2% at intraday lows).
- Axis Bank: Declined 5.12% amid heavy pressure on private banking names.
- Bajaj Finserv: Shed 4.39% as non-banking financial counters witnessed sustained offloading.
- Adani Enterprises: Fell 2.71%, adding to the pressure on the benchmark index.
Analysis: Reasons Behind the Moves
- Global Bond Yield Surge & Weak Global Cues: Sentiment took a sharp downturn following overnight weakness on Wall Street, exacerbated by an uptick in global bond yields. The US 10-year Treasury yield rose to 5.11%, triggering an outflow from risk assets and high-growth equities.
- Sharp Spike in Crude Oil Prices: Brent crude spiked above USD 102 per barrel, raising macroeconomic and inflation concerns for import-dependent emerging markets, weighing heavily on domestic sentiment.
- Financials and Banks Bear the Brunt: High-weightage financial services and private banking counters, including Bajaj Finance, Axis Bank, and HDFC Life Insurance, saw aggressive profit-taking and institutional offloading. The broader banking gauge dropped nearly 2% during the session.
- Spike in Volatility & Defensive Rotation: With the India VIX surging over 24% to 27%, investors rotated out of cyclicals and into defensive segments such as pharmaceuticals, allowing Cipla to hold gains despite the broad market rout.
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers
