The Indian share markets continued the downward trend throughout the day today after a negative opening before ending the day on a high. The disappointing performances of the top losers today, like HDFC Bank and Reliance Industries, further lowered the market indices. The NIFTY 50 closed at 19528.75, down 109.55 or 0.56%.
15 NSE Top Losers Today
| Stocks | Last Traded Price | Previous Day’s Closing Price | Change (%) |
| Oil & Natural Gas Corporation Ltd. (ONGC) | 184.6 | 191.85 | -3.78 |
| Eicher Motors Ltd. | 3,354.50 | 3,446.95 | -2.68 |
| Maruti Suzuki India Ltd. | 10,327.00 | 10,610.60 | -2.67 |
| Hindalco Industries Ltd. | 480.35 | 492.65 | -2.5 |
| Dr. Reddy’s Laboratories Ltd. | 5,458.05 | 5,587.00 | -2.31 |
| NTPC Ltd. | 241.5 | 245.55 | -1.65 |
| SUN Pharmaceutical Industries Ltd. | 1,140.00 | 1,158.65 | -1.61 |
| Bharat Petroleum Corporation Ltd. | 341.55 | 346.6 | -1.46 |
| Tata Motors | 621.1 | 630.2 | -1.44 |
| UPL Ltd. | 607.8 | 616.25 | -1.37 |
| ICICI Bank Ltd. | 939.85 | 951.9 | -1.27 |
| JSW Steel Ltd. | 770 | 779.6 | -1.23 |
| HDFC Bank | 1,508.00 | 1,526.30 | -1.2 |
| Mahindra & Mahindra Ltd. | 1,535.90 | 1,554.25 | -1.18 |
| Coal India | 291.75 | 295.2 | -1.17 |
- ONGC: The biggest of the top losers today, ONGC share price fell by 3.78% today after the Govt. of India increased domestic natural gas prices by 7%, 30 Sep onwards.
- Eicher Motors Ltd.: Eicher Motors, another of the top losers today, experienced a 2.68% drop in its share price today after its motorcycle sales declined in September. Its exports dropped by 49% YoY, and the Royal Enfield motorcycle domestic market sales fell by 4% YoY.
- Maruti Suzuki India Ltd.: The shares of the automobile giant fell by 2.67% after disappointing sales figures for September came out.
- Hindalco Industries Ltd.: Decline in quarterly net profit, profit margin (YoY), and net cash flow collectively contributed to Hindalco losing 2.5% of its share price value today.
- Dr. Reddy’s Laboratories Ltd.: Decrease in the MF last quarter’s shareholding and net cash flow resulted in Dr. Reddy losing 2.31% of its share price value today.
- NTPC Ltd.: Among the top losers in the NSE today, NTPC lost 1.65% of its share price value due to its successively declining quarterly revenue for the past two quarters.
- SUN Pharmaceutical Industries Ltd.: A decline in profit margin (YoY) and quarterly net profit hurt SUN Pharmaceutical today, which lost 1.61% of its share price value.
- Bharat Petroleum Corporation Ltd.: ROCE, ROE, and ROA collectively declining for the last two years led to Bharat Petroleum losing 1.46% of its share price value today.
- Tata Motors: Decline in profit margin (QoQ), net cash flow, and net profit contributed to Tata Motors losing 1.44% of its share price value today.
- UPL Ltd.: With net profit, profit margin (QoQ), quarterly revenue, and net cash flow all taking a dive, UPL lost 1.37% of its share price value today.
- ICICI Bank: Declining net cash flow led to the banking giant losing 1.27% of its share price value today.
- JSW Steel: Falling profit margin (QoQ) and net profit resulted in JSW Steel losing 1.23% of its share price value today.
- HDFC Bank: Decreasing profits consistently for the last two quarters led to HDFC Bank losing 1.2% of its share price value today.
- Mahindra and Mahindra Ltd.: Last quarter, MFs decreased their shareholding, resulting in the company losing 1.18% of its share price value.
- Coal India: With net cash flow, profit margin (YoY), and quarterly net profit collectively down, Coal India lost 1.17% of its share price value today.
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Experts remain optimistic despite the top losers today in NSE seeing their stock prices decline significantly.
The Head of Retail Research at HDFC Securities, Deepak Jasani, says, “Nifty failed to build on to a day’s gain again and faced the sell-on-rise scenario, especially in large caps. With a downward bias, it could now remain in the 19453-19674 band for the near term. However, the broader market continues to be doing well. The trend could get disrupted only on large back-to-back losses in the Nifty.” [Source: NSE]
I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
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