Top Gainers & Losers: Adani Group & IndiGo, Friday, January 23, 2026
Published: 2026-01-23 16:31 IST | Category: Markets | Author: Abhi
Top Nifty 50 Gainers Today
- Dr. Reddy's Laboratories: Up 2.52%
- Asian Paints: Up 2.15%
- Hindustan Unilever (HUL): Up 1.55%
- Tata Consultancy Services (TCS): Up 1.20%
Top Nifty 50 Losers Today
- Eternal Ltd: Down 4.87%
- Adani Ports & SEZ: Down 4.16%
- InterGlobe Aviation (IndiGo): Down 4.04%
- Adani Enterprises: Down 3.96%
Analysis: Reasons Behind the Moves
The Indian stock market ended the week on a somber note, with the BSE Sensex falling over 750 points and the Nifty 50 closing at 25,048.65. The session was dominated by negative news flow across key sectors:
- Adani Group Regulatory Woes: Adani Enterprises and Adani Ports were among the heaviest losers following reports that a US regulator is seeking to bypass traditional diplomatic channels to serve summons to the group. This sparked fresh concerns over corporate governance and legal hurdles, leading to a sharp sell-off across all Adani-linked entities.
- IndiGo's Profit Slump: Shares of InterGlobe Aviation (IndiGo) dived after the company reported a staggering 77.5% year-on-year drop in net profit for the December 2025 quarter. Despite a marginal increase in revenue, soaring operational costs and narrowing margins disappointed investors.
- Currency and FII Pressure: The Indian Rupee hit a fresh historic low of 91.77 against the US Dollar, further dampening investor sentiment. Continued selling by Foreign Institutional Investors (FIIs), who offloaded shares worth over โน2,500 crore in the previous session alone, kept the indices under constant pressure.
- Defensive Safe Havens: Amidst the broader market carnage, defensive stocks saw selective buying. Dr. Reddy's and HUL gained as investors rotated capital into less volatile sectors. IT heavyweights like TCS also managed to stay in the green as a hedge against the weakening Rupee.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers