Top gainers and losers, Jan 21: ICICI Bank, Trent, fall 2%, Eternal surges 5%; check full list

The Indian benchmark indices, SENSEX and NIFTY50, closed in negative territory in a volatile session on Wednesday, January 21, amid rising geopolitical tensions, along with a fear of renewed trade tensions and a weak rupee.

US President Donald Trump threatened to hit eight European countries with new tariffs as tensions escalated over his attempts to assert American control over Greenland.

Furthermore, the US Supreme Court on Tuesday dashed hopes for a swift rollback of President Donald Trump’s sweeping tariffs as it decided to defer its verdict on the legality of the reciprocal duties, adding to the uncertainty.

Meanwhile, the rupee crashed 76 paise to close at an all-time low of 91.73 (provisional) against the US dollar on Wednesday, pressured by persistent foreign fund outflow amid heightened uncertainty and risk-off sentiment in global markets.

On Tuesday, the foreign institutional investors (FIIs) sold stocks worth ₹32,938.33 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹3,665.69 crore on a net basis, according to exchange data.

The SENSEX plunged as much as 1,056.02 points to hit an intraday low of 81,124.45. Meanwhile, the NIFTY50 crossed the psychological level of 25,000 to touch the day’s low of 24,919.80.

The SENSEX dropped 270.84 points or 0.33% to settle at 81,909.63. Similarly, the NIFTY50 closed lower by 75 points or 0.30% at 25,157.50.

NIFTY50 top gainers and losers

The 50-share NIFTY index was dragged down by selling in the shares of ICICI Bank, which closed 2.10% lower.

It was followed by Trent (-1.98%), Tata Consumer Products (-1.69%), Bharat Electronics (-1.50) and Axis Bank (-1.24%), which were among the top losers of the day.

On the other hand, the top pack of gainers was led by Eternal, which surged 4.90%, ahead of its earnings announcement for the third quarter of the 2025-26 financial year (Q3FY26). In the most market hours, it reported a 72.8% YoY increase in its net profit to ₹102 crore in the reporting quarter as compared to ₹59 crore in the same period last year.

InterGlobe Aviation (1.40%), Max Healthcare Institute (1.32%), Hindalco Industries (1.28%) and JSW Steel (1.28%) trailed behind Eternal.

NIFTY Midcap 100 top gainers and losers

NSE’s midcap gauge, the NIFTY Midcap 100, fell as much as 661.70 points, or 1.14%, to 57,423.65 on Wednesday.

The index was weighed down by Kalyan Jewellers India, which closed 12.02% lower, amid news reports that some mutual funds have trimmed their stake in the December quarter (Q3FY26).

According to a CNBC-TV18 report, Sundaram Midcap Fund no longer features on the list of public shareholders, unlike in December 2024, when it held a 1.02% stake. This suggests that the fund’s holding has either fallen below 1% or that it has fully exited the stock. Meanwhile, the Government of Singapore has marginally reduced its stake over the past 12 months to 1.75% from 2.01%.

It was followed by SRF (-7.08%), Tata Communications (-5.44%), One 97 Communications (-5.44%) and UPL (-3.94%), which were among the top laggards.

On the flipside, shares of ITC Hotels soared 4.66%, a day after the hospitality firm posted a 77.09% surge in consolidated profit after tax at ₹235.13 crore for the quarter ended December 2025. In the year-ago period, net profit stood at ₹132.77 crore.

The other top winners included Swiggy (3.65%), Bharti Hexacom (3.05%), Cochin Shipyard (2.64%) and Dabur India (2.53%).

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap 100 settled at 16,551.20, down by 149.85 points or 0.90% on January 21. It was pulled down by selling in Cyient (-4.92%), Tata Chemicals (-4.88%), Laurus Labs (-4.30%), Nuvama Wealth Management (-4.20%) and Amber Enterprises India (-4.03%).

On the contrary, Mangalore Refinery and Petrochemicals (9.89%), CreditAccess Grameen (9.85%), Hindustan Copper (4.90%), Jindal Saw (3.32%) and Radico Khaitan (3.25%) were among the top gainers.