Nifty 50 top losers today, June 23: Infosys, HCL Technologies, Larsen & Toubro, Hero MotoCorp, Mahindra & Mahindra and more
The Indian equity market ended Monday's trading session (June 23) in negative territory, with both benchmark indices witnessing moderate declines. The BSE Sensex dropped 511.38 points, or 0.62%, to close at 81,896.79, while the NSE Nifty slipped below the crucial 25,000 mark, ending 140.50 points lower at 24,971.90.
Among the biggest losers of the day were well-known names such as Infosys, HCL Technologies and Larsen & Toubro. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on June 23 Infosys closed at ₹1,584.70, down 2.4%.
HCL Technologies closed at ₹1,699.90, down 2.3%.
Larsen & Toubro closed at ₹3,579.00, down 2.3%.
Hero MotoCorp closed at ₹4,247.20, down 2.1%.
Mahindra & Mahindra closed at ₹3,136.00, down 1.5%.
Hindustan Unilever closed at ₹2,276.00, down 1.3%.
Tata Consultancy Services closed at ₹3,392.00, down 1.3%.
ITC closed at ₹413.40, down 1.2%.
Wipro closed at ₹263.50, down 1.1%.
Bajaj Auto closed at ₹8,277.00, down 1.1%.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash HCL TechnologiesHero MotocorpInfosysLarsen & ToubroNifty
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
24 minutes ago
- New York Post
US-Iran tensions slow tanker traffic through Strait of Hormuz, trade group says
A growing number of cargo ships are said to be steering clear of the Strait of Hormuz, the vital artery for global oil and gas shipments, as tensions spike in the Middle East following US airstrikes on Iranian nuclear sites. The world's largest shipping trade group, Bimco, says several operators have begun halting transits through one of the world's most critical chokepoints, which links the Persian Gulf with the Gulf of Oman. While ship traffic had remained relatively stable in recent weeks, the mood shifted rapidly after Saturday's US strikes on key Iranian enrichment facilities. 5 Basij paramilitary force speed boats are sailing along the Persian Gulf in this 2024 file photo. NurPhoto via Getty Images 'Before the US attack, the impact on shipping patterns was limited,' Jakob Larsen, Bimco's head of maritime security, told CNBC. 'Now, after the US attack, we have indications that the number of ships passing is reducing.' Larsen warned that if Iran begins retaliating by targeting vessels, 'it will most likely further reduce the number of ships transiting through the [Strait of Hormuz].' About 20% of worldwide oil and petroleum product consumption through 2024 and early 2025 was shipped through the strait, according to the US Energy Information Administration. It's also the primary export route for Qatari liquified natural gas, with around a fifth of all global LNG supply passing through last year, the agency said. Oil futures slid on Monday as traders appeared to downplay the risk of a major disruption to Middle East crude supplies, despite the US launching direct strikes on Iran's nuclear facilities over the weekend. 5 The world's largest shipping trade group, Bimco, says several operators have begun halting transits through the narrow waterway that links the Persian Gulf with the Arabian Sea. Gallo Images via Getty Images West Texas Intermediate (WTI) crude dropped 84 cents, or 1.14%, to $73 per barrel by 10:30 a.m. ET. Brent crude, the global benchmark, slipped 81 cents, or 1.05%, to $76.20. Prices initially surged overnight, with Brent topping $81 for the first time in weeks and WTI reaching its highest level since January. But momentum reversed after President Trump posted a message demanding that 'everyone' keep oil prices lower. It was unclear who he was targeting, though the remark was widely interpreted as a nudge to US producers to ramp up output. Meanwhile, Goldman Sachs has warned that oil prices could surge to $110 per barrel if traffic through the Strait of Hormuz is severely disrupted — such as a 50% cut for one month followed by a sustained 10% reduction. The Wall Street giant forecasts Brent crude to average $95 in Q4 2025 under this scenario and cites a 52% probability that Iran will close the strait this year, based on Polymarket data. 5 The Strait of Hormuz is a critical waterway through which millions of barrels of oil are transported daily. Given that the Strait of Hormuz handles about 20 million barrels daily, any prolonged disruption would pose serious risks to global energy markets. The US strikes targeting Fordo, Natanz and Isfahan marked a sharp escalation in Washington's backing of Israel's push to cripple Iran's nuclear ambitions. Tehran swiftly condemned the attacks and vowed to protect its sovereignty. In response, Iran's parliament reportedly approved a resolution to close the strait, though any final decision rests with the country's Supreme National Security Council. 5 The Post covered the US strike on Iran over the weekend. Some tankers have been instructed to hold off entering the strait until tensions ease, according to Andy Critchlow of S&P Global Commodity Insights. 'We have indications from shippers that they are putting tankers and vessels on standby,' Critchlow said Monday, adding that LNG suppliers in the region have asked buyers to delay movements to avoid having ships linger in the Gulf. Japanese shipping giant Nippon Yusen introduced a temporary standby policy for vessels heading toward the strait, limiting their time in the Gulf when schedules allow, S&P Global Commodity Insights reported. Keep up with today's most important news Stay up on the very latest with Evening Update. Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters Although the company hasn't stopped navigation through the region, it's clearly proceeding with caution. Another major Japanese operator, Mitsui OSK Lines, has similarly asked its fleet to minimize time spent in the Gulf following the US airstrikes, according to Reuters. German container shipper Hapag-Lloyd said its vessels continue to transit the strait but warned the situation remains 'unpredictable' and could shift rapidly. A company spokesperson told CNBC that emergency protocols are in place if the conflict worsens. 5 The image above shows the Fordo nuclear facility in Iran after it was targeted by US airstrikes over the weekend. MAXAR Technologies Shipping analysts said that container operations in the Persian Gulf and upper Indian Ocean have not been significantly affected as of Monday morning. But risk assessments are now being conducted continuously. 'All companies access the risk individually — but the current situation requires them all to do so several times a day,' Peter Sand, chief analyst at freight platform Xeneta, told CNBC. 'Staying in close dialogue with national intelligence agencies and their own captains onboard the ships.' Sand added that insurance premiums for ships in the region have 'probably' been raised again in light of Iran's threats. US officials have called on China — Tehran's biggest oil customer — to use its influence to dissuade Iran from blocking the strait. The potential closure would have far-reaching consequences for the global economy, pushing up energy prices, delaying shipments and straining diplomatic ties across the region.
Business Upturn
4 hours ago
- Business Upturn
Mahindra Lifespaces launches ‘Codename64' in Malad (West), Mumbai
By Aman Shukla Published on June 23, 2025, 16:36 IST Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, has launched a new residential project named 'Codename64' in Malad (West), Mumbai. This project marks the company's entry into the redevelopment space in Mumbai and is part of its broader growth plan for the city. Situated in Malad (West), a well-established and sought-after locality, the project offers a mix of 2 and 3 BHK apartments. These homes are designed to focus on practical layouts with features such as cross-ventilation, natural lighting, and private decks to enhance everyday living. The development aims to promote sustainable and efficient urban living, in line with Mahindra Lifespaces' long-standing focus on environmental responsibility and occupant well-being. Spread across approximately 2.2 acres, the project includes landscaped recreational areas and modern amenities. Residents will have access to a half Olympic-sized swimming pool, a clubhouse with a gym, badminton court, community spaces, and zones for fitness activities such as aerial yoga, kickboxing, and aerobics. There are also designated areas for children's play, supporting a family-friendly environment. The location provides connectivity benefits, with the Malad Metro Station located just 500 metres away. It also offers easy access to local train networks and major roadways, ensuring smooth commutes across Mumbai. In addition, the project is surrounded by essential urban infrastructure, including schools, hospitals, shopping centres, and commercial hubs. Mahindra 'Codename64' represents a key development for the company's Mumbai portfolio and aligns with its broader strategy to grow through redevelopment in prime city locations. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
5 hours ago
- Yahoo
Cygnett Hotels & Resorts expands with new properties in Uttar Pradesh, India
Cygnett Hotels & Resorts has announced the expansion of its presence in the Indian state of Uttar Pradesh with the signing of Cozzet Kanpur and Cygnett Inn Vrindavan, reported BW Hotelier. Cozzet Kanpur, a brownfield project, is slated to open by the end of this year, offering a contemporary blend of comfort and cultural flair. The hotel will feature 40 rooms, two banquet halls for up to 10,000 guests, an all-day dining restaurant, and a lounge bar. Set to open by early 2027, the Cygnett Inn Vrindavan will provide 60 rooms and is designed for both business and leisure travellers. The hotel will offer a rooftop swimming pool, a gym, and banquet halls for 600-800 guests. This addition, along with the earlier signed 50-key Cozzet Vrindavan, brings Cygnett's total room inventory in Vrindavan to 100. Cygnett Hotels & Resorts founder and managing director Sarbendra Sarkar said: 'The state of Uttar Pradesh is a key market in our expansion strategy as we work towards building a portfolio of 100 hotels in the coming years. We plan to open ten to 12 properties across Uttar Pradesh over the next two to three years.' Cygnett has also made inroads in Ayodhya, a key spiritual destination in Uttar Pradesh. Earlier this year, Cygnett Hotels & Resorts expanded into the upscale segment with the signing of Anamore Select Resort & Wellness in Mopa, Goa, India. Located a 15-minute drive from Mopa Airport and accessible from the Goa-Mumbai Highway, the luxury resort will feature 150 villa rooms, marking a significant diversification of Cygnett's portfolio in India. "Cygnett Hotels & Resorts expands with new properties in Uttar Pradesh, India" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
