NSE Top Gainers and Losers on January 6, 2026: NALCO, Cupid, South Indian Bank Rise Up to 9%, While Trent, Swiggy, Reliance Slip

By 4 min Read Jan 6, 2026

Gainers Vs Losers Market Movers of the Day Jan 6, 2026

Indian equity benchmarks traded slightly lower on Tuesday, extending losses a day after the Nifty 50 retreated from record highs, as weakness in heavyweight stocks such as HDFC Bank and Reliance Industries weighed on sentiment

The benchmark Sensex was down 0.23% at 85,244, while the broader Nifty 50 slipped to around 26,200 in early trade.

The following stocks were among the top gainers and losers on January 6, 2026. Here’s what drove their surge and decline.

Market Shockers on January 6, 2026

Trent Ltd was among the top losers after the company released its business update for Q3 FY26 and 9M FY26.

Trent reported standalone revenue from the sale of products (excluding GST) at ₹5,220 crore in Q3 FY26, registering a 17% year-on-year growth, while revenue for the nine months ended December 2025 rose 18% YoY to ₹14,604 crore. As of December 31, 2025, the company operated 278 Westside stores, 854 Zudio stores (including four in the UAE), and 32 stores across other lifestyle formats. During the quarter, Trent added a net 17 Westside and 48 Zudio stores, taking total additions for 9M FY26 to 30 Westside and 89 Zudio outlets.

Despite the strong headline growth, Trent shares declined as investors focused on weakening core business momentum. The revenue growth was largely driven by aggressive store expansion, while same-store performance deteriorated, with revenue per square foot falling 15.7% year-on-year for the third consecutive quarter. There is slow productivity, sequential stagnation despite heavy expansion, and rising concerns over margins and return ratios. With the stock trading at a premium valuation, the results left little room for disappointment, triggering sharp profit-booking.

As of 10:25 am IST, Trent shares were trading at ₹4,100.10, down 7.44%.

Swiggy shares declined following a large block deal executed on January 5, 2026.

What Weighed on Swiggy Shares?

As per exchange data, Cyrus Soli Poonawalla purchased 11,23,500 shares at an average price of ₹377, while Serum Institute of India Pvt Ltd sold an identical quantity at the same price through a block deal on the NSE.

The shareholding pattern of the Swiggy is as follows: FII holding increased to 12.68% in December 2025 from 12.23% in September, while DII stake jumped sharply to 24.48% from 15.95% over the same period.

At 10:27 am IST, Swiggy shares were trading at ₹361.45, down 4.48%.

Reliance Industries was among the key drags on the benchmarks amid clarification related to media reports.

Why Did Reliance Shares Decline?

Reliance Industries strongly denied a report that claimed three tankers carrying Russian crude were heading to its Jamnagar refinery in Gujarat. The company termed the report “blatantly untrue” and expressed concern over reputational damage.

Reliance clarified that its Jamnagar refinery has not received any Russian crude in the past three weeks and does not expect any deliveries in January 2026. The company added that vessel tracking data only indicates possible destinations and should not be construed as confirmation of oil purchases.

As of 10:33 am IST, Reliance Industries shares were trading at ₹1,524.30, down 3.38%.

Market Movers on January 6, 2026

Which stocks were the market movers today?

NALCO shares advanced in line with the broader rally in metal stocks.

Metal stocks gained momentum after the government announced safeguard duties of around 11-12% on select steel imports, aimed at curbing cheap overseas supplies and improving pricing power for domestic producers. The move, coupled with a healthy demand outlook from infrastructure and manufacturing, lifted sentiment across the metals space, benefiting aluminium producers like NALCO.

At 10:36 am IST, NALCO shares were trading at ₹348.10, up 5.23%.

Cupid emerged as one of the top gainers and featured among the top 10 stocks of the day.

Why Did Cupid Shares Rally?

Cupid shares have seen sharp volatility in recent sessions. The stock fell nearly 20% on January 2 after hitting a fresh 52-week high, as profit-booking, stretched valuations and tighter surveillance measures triggered selling pressure.

The stock has since rebounded supported by renewed confidence in the company’s fundamentals. Cupid’s Q3 FY26 business update indicated that the December quarter is likely to be its best ever, backed by its highest-ever order book and management’s confidence of surpassing FY26 guidance of ₹335 crore revenue and ₹100 crore PAT.

Additional positives include ongoing capacity expansion at the Palava plant, rising traction in the FMCG portfolio, and plans to set up an FMCG manufacturing facility in Saudi Arabia by March 2027, along with improving international certifications and export visibility.

At 10:41 am IST, Cupid shares were trading at ₹423.65, up 8.61%.

South Indian Bank shares rose after the lender reported strong provisional business growth for the December quarter.

For the quarter ended December 31, 2025, gross advances grew 11.27% YoY to ₹96,765 crore, while total deposits increased 12.17% to ₹1.18 lakh crore. CASA deposits rose 14.65% to ₹37,640 crore, improving the CASA ratio to 31.84%.

The bank noted that excluding a technical write-off of ₹900 crore in March 2025, advances growth would have been higher at 12.43%. South Indian Bank has scheduled a Board meeting on January 15, 2026, to consider its unaudited financial results for Q3 and 9M FY26.

The bank also confirmed the redemption of its listed non-convertible debt securities in October 2025 and stated that it currently has no listed debt outstanding.

As of 10:48 am IST, South Indian Bank shares were trading at ₹41.72, up 5.06%.