Top gainers and losers on January 23: Adani Enterprises plunges 10.76%, Adani Ports drops 7%; check full list

The Indian equity benchmarks resumed their downward journey on Friday, January 23, after a day’s pause in the previous session. The markets witnessed sharp decline in Friday's session as SENSEX plunged as much as 836 points and NIFTY50 index touched an intraday low of 25,025 dragged down by losses in the index heavyweights like Axis Bank, Reliance Industries, State Bank of India, Adani Ports and HDFC Bank.

The SENSEX ended 770 points or 0.94% lower at 81,538 and NIFTY50 index tumbled 241 points to settle at 25,049.

For the week, SENSEX fell 2.4% and NIFTY50 crashed 2.5%, data from stock exchanges showed.

NIFTY50 top gainers and losers

Adani Enterprises was top loser in the NIFTY50 index, the stock dropped 10.76% to close at ₹1,861.80. The stock mirrored losses in other Adani group shares after news agency Reuters reported that the US markets regulator Securities and Exchange Commission (SEC) asked a court for permission to personally email summons to founder Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme.

Adani Ports (-7.02%), Eternal (-5.74%), IndiGo (--3.95%) and Jio Financial Services (-3.58%) were also among the top losers in the NIFTY50 index.

On the flipside, Dr Reddy's Labs (1.72%), ONGC (0.86%), Tech Mahindra (0.79%), Hindalco (0.69%) and Hindustan Unilever (0.64%) were top losers in the NIFTY50 index.

NIFTY Midcap 100 top gainers and losers

NIFTY Midcap 100 index plunged 1.8% or 1,046 points to close at 57,145.65. As many as 84 shares in the index ended lower while 15 closed higher.

According to media reports, the RBI has discontinued the PIDF as of December 31, 2025, which used to provide support for fintech payment companies like Paytm for penetrating into tier 3 to tier 6 cities.

The subsidies helped the deeper penetration of payment tools like Soundbox and PoS machines in the rural areas.

Premier Energies (-8.08%), HUDCO (-5.61%), Adani total Gas (-5.36%) and Godrej Properties (-4.96%) were also among the laggards in the NIFTY Midcap 100 index.

On the other hand, National Aluminium Company was top gainer in the NIFTY Midcap 100 index, the stock rose 1.9% to settle at ₹371 mirroring surge in price of aluminium in domestic markets.

Voltas (1.69%), Ashok Leyland (1.47%), APL Apollo (1.1%) and Blue Star (0.69%) were also among the gainers in the NIFTY Midcap 100 index.

NIFTY Smallcap 100 top gainers and losers

NIFTY Smallcap 100 index dropped 1.95% or 325 points to close at 16,353. As many as 86 stocks ended lower while 14 ended higher.

Poonawalla Fincorp was top loser in the NIFTY Smallcap 100 index, the stock declined 7.53% to close at ₹414.

Anant Raj (-6.41%), Tejas Networks (-5.94%), Kajaria Ceramics (-5.75%) and PNB Housing Finance (-5.61%) were also among the losers in the NIFTY Smallcap 100 index.

On the contrary, Bandhan Bank (4.31%), Laurus Labs (2.41%), Chambal Fertilisers (2.31%), Go Digit General Insurance (1.91%) and Atul (1.52%) were top gainers in the NIFTY Smallcap 100 index.