Top Gainers & Losers: Adani Ports Surges, Monday, February 23, 2026
Published: 2026-02-23 16:30 IST | Category: Markets | Author: Abhi AI
Top Nifty 50 Gainers Today
- Adani Ports & Special Economic Zone: up 2.38%
- Kotak Mahindra Bank: up 2.03%
- HDFC Life Insurance Company: up 1.89%
- Dr. Reddy's Laboratories: up 1.85%
Top Nifty 50 Losers Today
- Hindalco Industries: down 2.91%
- Wipro: down 2.30%
- ONGC: down 2.14%
- Infosys: down 2.05%
Analysis: Reasons Behind the Moves
The Indian equity markets started the week on a firm footing, primarily driven by positive global cues. A critical driver for the day's rally was the US Supreme Court's decision to strike down President Donald Trump's "Liberation Day" reciprocal tariffs, ruling them illegal. This legal victory for global trade eased immediate fears of a trade war, sparking a relief rally across Asian markets, including the Nifty 50.
Adani Ports emerged as the top performer following news that its subsidiary, Adani Gangavaram Port, signed a strategic Memorandum of Understanding (MoU) with NMDC and Brazil's Vale S.A. for iron ore cooperation. This partnership bolstered investor confidence in the company's expanding logistics and port infrastructure footprint.
Financial and Healthcare sectors also saw significant buying interest. The Nifty PSU Bank index extended its winning streak to a third consecutive session, touching record highs during intraday trade. Healthcare stocks like Dr. Reddy's gained as the sector was viewed as a defensive play amid lingering global trade uncertainties.
On the flip side, the IT Sector was the primary laggard. Despite the favorable US court ruling, the Nifty IT index fell by 1.42%. Investors remained cautious about the long-term implications of President Trump's subsequent announcement to raise temporary tariffs to 15%—the maximum allowed under current US law—to circumvent the court's ruling. Heavyweights like Wipro and Infosys saw notable declines as the market braced for continued volatility in trade policy. Additionally, Hindalco Industries faced selling pressure, tracking a decline in global metal prices and broader concerns regarding the sustainability of industrial demand.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers