Nifty 50 Gains Over 100 Points; Reliance, Cipla and Dr Reddy’s Lead Market Rally

The Nifty 50 index traded in positive territory on June 22, 2026, rising 105.50 points, or 0.44%, to 24,118.60. The index opened at 24,106.60 compared to the previous close of 24,013.10.

During the session, Nifty touched an intraday high of 24,168.05 and a low of 24,073.15. Market breadth remained positive, with 30 stocks advancing and 20 declining. At current levels, the index is trading at a price-to-earnings (P/E) ratio of 20.71 and a price-to-book (P/B) ratio of 3.16.

Top Gainers in the Nifty 50

Pharmaceutical and technology stocks were among the biggest contributors to the market's gains.

Top Losers in the Nifty 50

Some FMCG, consumer durable, and utility stocks witnessed selling pressure.

Heavyweight Stocks Continue to Drive the Index

The largest contributors to the Nifty 50 by weight remain financial and telecom giants.

Among these, HDFC Bank, ICICI Bank, Reliance Industries and Bharti Airtel traded in positive territory, supporting the index.

Read more: Dividend, Bonus Issue and Stock Split this Week (June 22- 25): LIC, Asian Paints, HUL, Tata Power and More.

Sector-Wise Weightage in Nifty 50

Financial Services continue to dominate the Nifty 50 with over one-third of the index weight.

Nifty 50 Performance Across Different Time Periods

The Nifty 50 has delivered mixed returns across different time horizons. The index has gained 1.10% over the last week, 1.68% in 1 month, and 4.34% in 3 months. However, it remains down 7.85% over 6 months, 7.76% on a year-to-date basis, and 3.97% over the past year. On a longer-term basis, the index has generated strong returns, with a 28.48% CAGR over three years and 52.90% CAGR over 5 years.

About the Nifty 50 Index

The Nifty 50 is India's benchmark stock market index comprising 50 large and diversified companies listed on the National Stock Exchange (NSE). The index is calculated using the free-float market capitalisation method and serves as a benchmark for mutual funds, ETFs, and other investment products.

Conclusion

The Nifty 50 extended its gains on June 22, supported by strong performances from Reliance Industries, Cipla, Dr Reddy's Laboratories, and technology stocks. While the index remains below its 52-week high of 26,373.20 and has delivered negative returns over the past year, positive market breadth and buying in heavyweight stocks indicate improving investor sentiment in the near term.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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