Top Gainers & Losers on 22 July: Bandhan Bank, PG Electroplast, Lupin, Delhivery, Voltas, IndiGo among top losers

The sell-off in the Indian stock market intensified further in Wednesday's session (22 July) as tensions in the Middle East showed no signs of easing, keeping crude oil prices elevated. Investor sentiment was also weighed down by concerns over potential US tariffs on pharmaceutical exports.

Although the Nifty 50 opened the session with modest losses, selling pressure intensified as the day progressed, dragging the index 0.77% lower to close at 24,000. At its intraday low, the benchmark had declined nearly 1%. The S&P BSE Sensex fell 0.95% to end the session at 76,732.

The broader markets, which had outperformed the benchmark indices in recent sessions, also came under pressure. Both the Nifty Midcap 100 and Nifty Smallcap 100 indices ended the day with losses of more than 1% each.

Among sectoral indices, Nifty Media emerged as the worst performer, plunging 2.63%, followed by Nifty Realty and Nifty PSU Bank, which declined 2.6% and 1.8%, respectively.

Other major sectoral indices, including Nifty IT and Nifty Private Bank, also ended the session more than 1% lower.

Meanwhile, the Nifty Pharma index dropped as much as 2.1% after US President Donald Trump proposed steep tariffs on imported generic medicines. Trump said in a Truth Social post that manufacturers of non-patented drugs would have two years to shift production to the US or face a 100% import tariff, which would double a year later.

Hostilities in the Middle East continued for an 11th consecutive day, with the US carrying out fresh strikes on Iran on Tuesday, while Iran launched missile and drone attacks targeting Bahrain, Jordan, and Kuwait.

Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.

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