Nifty 50 Top Gainers And Losers On Jan. 27: From Infosys, HDFC Bank To ICICI Bank And M&M

Share prices of Infosys Ltd., HDFC Bank Ltd., Reliance Industries Ltd., Bharti Airtel Ltd. and Tata Consultancy Services Ltd. were the top losers among the NSE Nifty 50 stocks on Monday.

Among the gainers were shares of ICICI Bank Ltd., Mahindra And Mahindra Ltd., Hindustan Unilever Ltd., State Bank of India Ltd. and Britannia Industries Ltd.

The benchmark Nifty 50 and the 30-stock BSE Sensex fell as much as 1.32% and 1.21% on Monday, taking the fall to over 13% for both indices since their September peak. The deepening selloff in local stocks comes ahead of key macroeconomic events like the US Federal Rate decision and the Indian budget.

In Monday's session, the Nifty 50 declined 1.27% to 22,799.7, and the Sensex fell 1.19% to 75,284.52.

Nifty Midcap and Smallcap is on course to record the biggest monthly fall since March 2020. The Nifty Next 50—the next rung of liquid securities after the Nifty 50—has already fallen into the so-called 'bearish' zone.  

Infosys Ltd., along with HDFC Bank, was among the top stocks dragging the index on Monday. The IT major fell as much as 3.38% and closed at 2.85% lower at Rs 1,822 per share.

Shares of HDFC Bank closed 1.21% lower after the stock fell 1.44% to Rs 1,626 per share during the day.

ICICI Bank, M&M, and Hindustan Unilever were the top gainers that cushioned the market. Shares of ICICI Bank rose over 1% on Monday after analysts increased their target price for the lender on better-than-expected earnings for the December quarter.