Top Gainers and Losers on July 16: Patanjali Foods, Thermax, Swan Energy, Gland Pharma, NLC among top gainers today

The Indian stock market ended Wednesday’s trading session with mild gains, as the Nifty 50 edged up 0.06% to 25,212, while the Sensex closed 0.08% higher at 82,634 as the gains in public sector banks helped offset losses in metal stocks, which came under pressure due to a stronger dollar amid rising U.S. inflation.

The broader markets also ended flat, with the Nifty Midcap 100 and Nifty Smallcap 100 gaining 0.3% each. Among sectoral indices, the Nifty PSU Bank index emerged as the top performer, rising 1.81%, followed by Nifty Media, Nifty IT, and Nifty Realty, which gained 1.13%, 0.63%, and 0.50% respectively.

On the losing side, the Nifty Metal index ended with a decline of 0.54%

Donald Trump, on Tuesday, said that 200% tariffs on pharma products would be implemented this month, contrary to his earlier claim that such measures were 12 to 18 months away. He also reiterated his threat of imposing 100% secondary tariffs on countries doing business with Russia—particularly those importing crude oil—which further weighed on market sentiment.

Separately, Trump announced a 19% tariff on goods from Indonesia under a new bilateral agreement and hinted that more trade deals are in the pipeline. He also suggested that India could be among the countries with which the U.S. may strike a deal before reciprocal tariffs are imposed on August 1.

Markets have been moving within a narrow range over the past two months, amid uncertainty surrounding a potential India–U.S. trade deal. Meanwhile, the June quarter earnings season has begun without strong signs of robust earnings growth, prompting investors to remain cautious on equities.

Despite the Indian stock market continued to trade in narrow range, some stocks have managed to attract investors interest, with Patanjali Foods emerging as the top gainer among Nifty 500 stocks, raising 6.4% at ₹1855.9 apiece after the company said it is considering a bonus issue at its upcoming meeting, which is scheduled on July 17, 2025.

Cera Sanitaryware was among the top gainers, surging 5.7% to ₹6,876. Other notable gainers included Aadhar Housing Finance, Metropolis Healthcare, Thermax, Sammaan Capital, Swan Energy, KIMS, Gland Pharma, NLC India, Shyam Metalics and Energy, Kirloskar Oil Engines, Sumitomo Chemical, Jammu & Kashmir Bank, Ajanta Pharma, and Maharashtra Seamless — all of which ended the session with gains of over 3%.

Overall, 80 constituents, including those mentioned above, gained between 1.5% and 6.4%.

Among the worst performers in today’s session were Neuland Laboratories and Just Dial, which ended with losses of 6.2% and 4.9%, respectively.

Meanwhile, OLA Electric extended its losing streak to the second straight session, falling another 4.1% to settle at ₹42.1. Likewise, Page Industries, Amber Enterprises India, Jaiprakash Power Ventures, and Poly Medicure ended with cuts of over 3%.

In total, 40 constituents from the Nifty 500 index, including the ones listed above, closed the session with losses ranging between 6.2% and 1.5%.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

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