HDFC Life, ICICI Bank Fall Nearly 1% on June 9; Mild Profit Booking Pulls Index

Benchmark Nifty 50 index saw marginal profit-booking pressure on Monday as heavyweight counters such as HDFC Life Insurance (NSE: HDFCLIFE), ICICI Bank (NSE: ICICIBANK), and Apollo Hospitals (NSE: APOLLOHOSP) led the pack of top losers.

Despite an upbeat sentiment following the RBI’s 50 bps rate cut last week, select frontline stocks slipped into the red amid sector rotation and mild volatility in the banking and healthcare segments.

Top Nifty 50 Losers – June 9, 2025

HDFC Life declined the most, shedding nearly 1% despite strong long-term fundamentals. ICICI Bank, a key private lender, fell 0.81% due to high volumes, while Apollo Hospitals experienced profit booking following a recent rally. Bharti Airtel and Titan also saw subdued interest, with both counters slipping under 1% each.

How Did the Key Indices Move Today?

The Nifty 50 index witnessed mild volatility during the session, with select frontline stocks trading lower. Movements in heavyweight constituents such as HDFC Life, ICICI Bank, and Apollo Hospitals influenced the overall trajectory. Trading activity was primarily driven by stock-specific actions and institutional flows, with broader indices maintaining relative stability.

About Nifty 50

The Nifty 50 is the flagship benchmark index of the National Stock Exchange (NSE), which monitors and tracks the performance of 50 large-cap Indian stocks across various sectors. It acts as a barometer of Indian equity markets as well as investor sentiment.

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