Top Traded by Value Today 23-Apr-2026: Key Movers

Introduction

Nifty 50 closed at 24,173.05 (-0.84%) and the Sensex slipped to 77,664.00 (-1.08%), as heavyweight banks and IT stocks stayed under pressure. Despite the index decline, breadth indicators were relatively supportive, with 107 stocks hitting upper price bands versus 36 hitting lower bands and 103 stocks registering fresh 52-week highs against 24 new lows. Foreign and domestic institutions were both net sellers in the prior session, with FIIs selling ₹2,078.36 crore and DIIs selling ₹1,048.17 crore (Apr 22 data). Pharma and select defence and software names dominated the gainers list, while private banks, IT services and discretionary retail dragged.

Large Cap Top Traded by Value

HDFC Bank Ltd (-1.93%) HDFC Bank fell after investors reacted to its recent quarterly print where core income momentum was seen as soft despite a profit increase. Market commentary flagged modest net interest income growth and margin-related concerns as the key disappointment, prompting selling in a high-weightage banking counter. The stock also saw heavy activity with 4.14 crore shares traded, keeping it among the day’s biggest value contributors.

ICICI Bank Ltd (-1.47%) ICICI Bank slipped as private banks traded weak with the Bank Nifty down on the day, leading to profit-taking in heavily owned lenders. A live update highlighted that the stock had delivered strong monthly returns (9.81%), and traders appeared to pare positions after the recent run-up. High turnover of 2.22 crore shares kept it among the top traded-by-value names.

Reliance Industries Ltd (-1.45%) Reliance declined as investors stayed cautious ahead of the company’s board meeting on April 24 to approve Q4 and FY26 results, with preview reports pointing to muted earnings due to weakness in O2C and retail. The near-term focus remains on commentary around Jio and the potential Jio IPO timeline, which has kept expectations and positioning volatile. The stock has also been tracked as being down over 15% from its peak, adding to risk reduction ahead of results.

Trent Ltd (-4.21%) Trent dropped sharply as it featured among the session’s top index losers, with traders cutting exposure to discretionary retail amid a broader risk-off tape. The decline came with sizable turnover of 50.81 lakh shares, signalling active unwinding rather than a low-liquidity move. The stock remains far below its 52-week high, reinforcing the ongoing correction trend.

Infosys Ltd (-2.04%) Infosys fell as IT stocks remained under pressure, mirroring weakness seen across large-cap technology names during the session. The stock was also in focus on the day’s results calendar chatter, keeping traders wary and prompting de-risking ahead of key earnings-related triggers. Volumes of 1.60 crore shares indicated heavy participation in the downswing.

Mid Cap Top Traded by Value

Oracle Financial Services Software Ltd (+8.11%) OFSS jumped after reporting Q4 results with profit growth and a sharp improvement in operating metrics, alongside announcing a large interim dividend. The company reported Q4 revenue of ₹2,065.2 crore and net profit of ₹841.7 crore, with EBIT margin at 51.2%, and declared an interim dividend of ₹270 per share with record date set for May 7. The move was reinforced by a fresh broker call from Choice Institutional Equities reiterating a ‘Buy’ with a target price of ₹10,890.

Dr Reddys Laboratories Ltd (+9.08%) Dr Reddy’s rallied as pharma stocks outperformed in a falling market, attracting defensive allocation during the session. The stock traded close to its 52-week high of ₹1,377.95, and the strong move came with heavy volumes of 1.74 crore shares. Its surge also aligned with the day’s broader pharma strength reflected in top-gainers data.

GE Vernova T&D India Ltd (+6.05%) GE Vernova T&D advanced on momentum buying, with the stock moving toward its 52-week high zone (₹4,647) amid strong participation. The session saw 23.88 lakh shares traded, keeping it among the most active mid-caps by traded value. The sharp rise suggested traders were pricing in continuation of the stock’s strong trend rather than reacting to a single company-specific announcement.

Dixon Technologies (India) Ltd (-3.65%) Dixon Technologies declined as investors reduced exposure to high-beta electronics manufacturing services names in a weak broader market. The stock is still significantly below its 52-week high (₹18,471.50), and the day’s fall extended the corrective phase. Trading volume of 8.03 lakh shares indicated active selling, even as the counter remained among the top traded-by-value mid-caps.

Havells India Ltd (-6.72%) Havells slumped sharply with heavy turnover of 59.62 lakh shares, pointing to institutional-scale churn in the counter. The stock’s move came amid weakness in consumer discretionary and rate-sensitive segments during the session. With the price well off its 52-week high (₹1,673.20), the decline also reflected the market’s preference for defensives over consumer durables on a down day.

Small Cap Top Traded by Value

Data Patterns (India) Ltd (+8.04%) Data Patterns climbed after reports highlighted the stock hitting a fresh high in a weak market, backed by the defence manufacturing theme. The coverage pointed to supportive policy direction, higher defence allocations, indigenisation push and the shift to advanced technologies as the drivers sustaining investor demand. The rally came close to its 52-week high (₹4,193) and was supported by strong trading volume of 62.57 lakh shares.

Amara Raja Energy & Mobility Ltd (+1.55%) Amara Raja rose modestly but stayed among the most traded small-caps by value as volumes remained elevated at 2.34 crore shares. The high turnover suggested active positioning in the counter even as broader markets weakened. The stock’s move was driven more by trading participation than a fresh company-specific headline in the provided data.

IRM Energy Ltd (+13.12%) IRM Energy surged on an outsized volume spike, with 7.30 crore shares traded, making it one of the day’s most actively traded counters by both volume and value in the broader market data. The strong price move alongside exceptional turnover pointed to aggressive accumulation and rapid repricing during the session. The stock’s sharp rise stood out even as frontline indices closed lower.

Praj Industries Ltd (+7.24%) Praj Industries jumped with heavy volumes of 2.21 crore shares, signalling strong participation in the move. The rally held despite a weak benchmark close, indicating the buying was stock-specific and momentum-led for the day. The strength also pushed it closer toward its higher bands within its recent 52-week range.

Piramal Pharma Ltd (+6.43%) Piramal Pharma gained as pharma counters broadly outperformed in the session, aligning with Dr Reddy’s strength and the defensive sector tilt. The move was backed by high activity of 5.38 crore shares, keeping it among the top traded-by-value small caps. The stock’s rise contrasted with weakness in banks and IT, underlining sector rotation.

Market Overview

Nifty 50 ended at 24,173.05, down 205.05 points (-0.84%), while the Sensex closed at 77,664.00, down 852.49 points (-1.08%). Banking and IT were key drags, visible in the top traded-by-value list where HDFC Bank, ICICI Bank and Infosys all closed lower, while select pharma and software names bucked the trend.

Market breadth, however, was not uniformly weak. Exchange data showed more upper band hits (107) than lower band hits (36), and significantly more new 52-week highs (103) than new 52-week lows (24), indicating stock-specific leadership even on a down index day.

On the macro tape, the session also saw sensitivity to risk cues with USD/INR at 94.09 (+0.31%) and gold higher at 1,51,858 (+0.52%). The institutional flow overhang remained a factor as both FIIs (₹-2,078.36 crore) and DIIs (₹-1,048.17 crore) were net sellers in the latest available data (Apr 22).

Explore More Market Movers

Readers can explore the complete list of market movers here:

https://www.multibagg.ai/market-movers/top-gainers