Top Gainers & Losers: Axis Bank and JSW Steel, Tuesday, October 20, 2026

The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are closed on Tuesday, October 20, 2026, for the Dussehra festival. As a result, fresh trading data for today is unavailable. Market trends going into the holiday reflect the performance of the latest completed trading session, where the benchmark Nifty 50 dropped 1.11% amid broad-based selling in banking and technology shares.

Top Nifty 50 Gainers Today

• JSW Steel: up 2.06%
• ONGC: up 1.35%
• State Bank of India (SBI): up 1.15%
• Larsen & Toubro (L&T): up 0.96%

Top Nifty 50 Losers Today

• Axis Bank: down 4.19%
• Tata Motors Passenger Vehicles: down 3.09%
• Infosys: down 2.63%
• Bajaj Finance: down 2.52%

Analysis: Reasons Behind the Moves

• Banking Divergence and Earnings: Axis Bank was the leading drag on the benchmark index, declining 4.19% after its quarterly financial results missed consensus analyst expectations, sparking concerns regarding net interest margin pressures. In contrast, public sector lender State Bank of India gained 1.15% as investors rotated capital away from private lenders and into state-owned banks seen as having more resilient margin outlooks and valuations.
• Metal and Upstream Energy Strength: JSW Steel bucked the broader market downturn, surging 2.06% to lead benchmark gainers. ONGC also gained 1.35%, finding support from sustained high global crude oil prices, which bolster upstream realizations.
• Automotive and Technology Pressure: Tata Motors Passenger Vehicles fell 3.09% due to broader weakness in consumer discretionary names. In the IT sector, Infosys dropped 2.63% as investors opted to lock in profits following steep rallies earlier in the month, alongside cautionary signals from global tech markets.

Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers