The Nifty 50 closed at 19512.35 today, dropping by 141.15 points or 0.72%. Multiple companies like HDFC Life Insurance, Tata Steel, Mahindra & Mahindra, and Bharat Petroleum made it to our list of NSE top losers today for the second time this month.
Below is a snapshot of the Nifty top losers today.
| Stocks | Previous Day’s Closing Price | Last Traded Price | Change (%) |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED | 830.75 | 788.5 | -5.09 |
| HDFC LIFE INSURANCE COMPANY LIMITED | 630.9 | 614 | -2.68 |
| HERO MOTOCORP LIMITED | 3038 | 2962 | -2.5 |
| MAHINDRA & MAHINDRA LIMITED | 1548.85 | 1515 | -2.19 |
| TATA STEEL LIMITED | 125.9 | 123.35 | -2.03 |
NSE TOP Loser Stocks
- Adani Ports: The biggest loser on the list of NSE top losers today, Adani Ports experienced a staggering 5.09% decline in their share price value because of a decrease in MF shareholding in the previous quarter and a drop in net cash flow.
- HDFC Life Insurance: Inefficient use of assets and capital to generate profits and a decrease in MF shareholding in the previous quarter resulted in HDFC Life Insurance losing 2.68% of its stock price value. For the second time this month, HDFC Life Insurance features on our list of Nifty top losers today.
- Hero Motocorp Ltd.: A drop in profit margin (QoQ) and net profit and a decrease in MF shareholding in the previous quarter saw Hero Motocorp lose 2.5% of its share price value today.
- Mahindra & Mahindra Ltd.: High promoter stock pledges, a drop in cash flow from operations, and a decrease in MF shareholding in the previous quarter led to Mahindra & Mahindra losing 2.19% of its stock price value. The company features on our list of NSE top losers today for the second time this month.
- Tata Steel Ltd: Multiple factors, including a drop in MF shareholding in the previous quarter, a fall in profit margin (QoQ), a decrease in quarterly net profit and revenue, a decline in net cash flow, and high promoter stock pledges saw Tata Steel lose 2.03% of its share price value. Tata Steel features on our list of Nifty top losers today for the second time this month.
Shrikant Chouhan, the head of retail research at Kotak Securities, made the following observation about today’s performance,” Investors dumped equity assets as they turned risk off on concerns that a faceoff between Israel and Hamas could further deteriorate the global economy already reeling under higher interest rates and stubbornly high inflation. There are concerns that since most of the oil-producing nations are close to the conflict zone, a prolonged war could trigger an upsurge in international crude oil prices. With a fresh surge in crude oil prices, higher oil import bill going ahead would stoke domestic inflation and prompt the central bank to take a hawkish stance.”
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I’m Archana R. Chettiar, an experienced content creator with
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