Today’s trading session ended in negative territory for the domestic indices. The NSE Nifty 50 fell to 19436.10, a drop of 0.47%. The Bank Nifty index fell by 0.98%. Except for FMCG and IT, all sectoral indices ended in the red.
Below is a quick snapshot of the NSE top losers today.
15 NSE Top Losers Today
| Stocks | Last Traded Price | Previous Day’s Closing Price | Change (%) |
| AXIS BANK LIMITED | 991.9 | 1,041.05 | -4.72 |
| STATE BANK OF INDIA | 585.2 | 602.95 | -2.94 |
| NTPC LIMITED | 235.45 | 241.2 | -2.38 |
| INDUSIND BANK LIMITED | 1,402.00 | 1,435.40 | -2.33 |
| BAJAJ AUTO LIMITED | 4,906.10 | 5,016.45 | -2.2 |
| ULTRATECH CEMENT LIMITED | 8,131.00 | 8,304.90 | -2.09 |
| TATA STEEL LIMITED | 125.35 | 128 | -2.07 |
| BAJAJ FINSERV LIMITED | 1,530.30 | 1,561.05 | -1.97 |
| MARUTI SUZUKI INDIA LIMITED | 10,144.00 | 10,346.90 | -1.96 |
| JSW STEEL LIMITED | 756.05 | 770.25 | -1.84 |
| GRASIM INDUSTRIES LIMITED | 1,889.00 | 1,921.45 | -1.69 |
| LARSEN & TOUBRO LIMITED | 3,027.00 | 3,073.25 | -1.5 |
| SUN PHARMACEUTICAL INDUSTRIES LIMITED | 1,124.50 | 1,141.45 | -1.48 |
| CIPLA LIMITED | 1,165.80 | 1,182.80 | -1.44 |
| APOLLO HOSPITALS ENTERPRISE LIMITED | 5,048.20 | 5,118.95 | -1.38 |
- Axis Bank Ltd.: The biggest of the NSE top losers today, a decline in net cash flow and a decrease in MF shareholding in the last quarter led to Axis Bank losing 4.72% of its stock price.
- State Bank of India: Decline in net cash flow and MFs decreasing their shareholding in the last quarter led to State Bank of India losing 2.94% of its stock price today.
- NTPC Ltd.: This is the second time in as many days that NTPC is among the top Nifty losers, experiencing a 2.38% drop in share price owing to a consistent decrease in revenue over the last two quarters
- Indusind Bank Ltd.: A decline in net cash flow and the MFs decreasing their shareholding in the last quarter resulted in Indusind Bank losing 2.33% of its stock price value today.
- Bajaj Auto Ltd.: Decreased net cash flow, profit margin (QoQ) and net profit cumulatively led to Bajaj Auto Ltd. losing 2.2% of its share price value today.
- Ultratech Cement Ltd.: MFs decreasing their shareholding last quarter and declining cash flow from operations resulted in Ultratech Cement losing 2.09% of its stock price value today.
- Tata Steel Ltd.: Fall in profit margin (QoQ), quarterly net profit and quarterly revenue collectively contributed to Tata Steel losing 2.07% of its share price value today.
- Bajaj Finserv Ltd.: Decline in net cash flow and cash from operating activity led to Bajaj Finserv experiencing a 1.97% fall in share price value today.
- Maruti Suzuki India Ltd.: Featuring for the second consecutive day on the list of Nifty top losers today, a falling profit margin (QoQ), decrease in net profit and MF shareholding in the last quarter collectively contributed to Maruti Suzuki losing 1.96% of its stock price value.
- JSW Steel Ltd.: Like Maruti Suzuki and NTPC, this is the second time JSW Steel features on the list of NSE top losers today in as many days. Combined decline in profit margin (QoQ) and net profit caused the company to lose 1.84% of its share price value.
- Grasim Industries Ltd.: A drop in quarterly net profit and profit margin (YoY) resulted in Grasim Industries Ltd. experiencing a 1.69% loss in its stock price value today.
- Larsen and Toubro Ltd.: A fall in profit margin (QoQ) and net profit resulted in L&T losing 1.5% of its share price value today.
- Sun Pharmaceutical Industries Ltd.: This is the fourth company to feature for two consecutive days on the list of Nifty top losers today, losing 1.48% of its stock price value due to decreased quarterly net profit and increased promoter pledged shares QoQ.
- CIPLA Ltd.: Poor cash flow from operations and a warning letter from the US FDA led to a 1.44% drop in the share price value of the company today.
- Apollo Hospitals Enterprise Ltd.: A drop in profit margin (YoY), quarterly net profit and net cash flow collectively resulted in Apollo Hospitals losing 1.38% of its stock price value today.
Commenting on today’s market rally, the Head of Research (Retail) at Kotak Securities, Shrikant Chouhan, said, “Overseas investors are pulling out funds from Indian equity markets as the current rally in US dollar and bond yields is making emerging market assets less attractive. Despite our strong macroeconomic growth performance, India is not insulated from global problems, and hence, any correction in global markets due to worries over further rate hikes would have a rub-off effect here.”
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I’m Archana R. Chettiar, an experienced content creator with
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