Top Gainers & Losers: Eternal Surges Amidst Global Volatility, Wednesday, January 21, 2026
Published: 2026-01-21 16:30 IST | Category: Markets | Author: Abhi
Top Nifty 50 Gainers Today
- Eternal: The stock emerged as the star performer of the day, surging over 5.7% as it bucked the broader market trend.
- InterGlobe Aviation (IndiGo): Shares rose by 2.18%, supported by positive sentiment in the aviation sector and bargain hunting.
- UltraTech Cement: The cement major gained 1.60%, leading the advance in the construction materials segment.
- ONGC: Tracking a slight resilience in the energy sector, ONGC shares climbed 1.55%.
Top Nifty 50 Losers Today
- Trent: The retail giant was the biggest laggard, dropping 3.23% amid a broader sell-off in consumer-facing stocks.
- ICICI Bank: Shares fell 2.07% as investors reacted negatively to its recent Q3 results, which showed increased provisioning for bad loans.
- Eicher Motors: The automotive heavyweight declined by 1.76%, reflecting weakness in the high-end consumer segment.
- Larsen & Toubro (L&T): The engineering major slipped 1.45%, pressured by foreign fund outflows and general risk aversion.
Analysis: Reasons Behind the Moves
The Indian equity markets faced a volatile "see-saw" session on Wednesday, driven by several macro and micro factors:
- Geopolitical Tensions & Global Cues: Market sentiment was severely impacted by renewed trade-war concerns. Reports of U.S. President Donald Trump escalating tariff threats against European nations over the Greenland sovereignty dispute triggered a global sell-off, impacting Asian markets including India.
- Rupee at Record Low: The Indian rupee hit a fresh all-time low of approximately 91.28 against the US dollar. This depreciation, fueled by persistent foreign fund outflows, weighed heavily on sectors sensitive to currency fluctuations.
- Weak Banking Earnings: The banking sector, a major weight on the Nifty 50, was dragged down by ICICI Bank. The lender's 4% year-on-year profit decline and a spike in bad loan provisions led to a sector-wide cooling, with HDFC Bank and Axis Bank also ending in the red.
- Persistent FII Selling: Foreign Institutional Investors (FIIs) continued their relentless selling streak, offloading thousands of crores in equities. This exit has been a primary driver of the market's bearish tone throughout January 2026.
- Bargain Hunting: Despite the opening bloodbath that saw the Sensex plunge over 1,000 points, a midday recovery was staged as "dip-buyers" entered the market to pick up quality heavyweights at lower valuations, preventing a total collapse of the indices.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers