The Nifty 50 index continued its bearish run by registering its sixth straight weekly loss, a decline streak last witnessed during the turbulent early days of the COVID-19 pandemic in February-March 2020, when the index corrected for seven consecutive weeks.
This week saw sharp declines across key market segments. The Nifty Bank index took a significant hit, plunging over 350 points during intraday trading and ending nearly 600 points lower by week’s close. The Nifty Midcap index also suffered heavy losses, dropping 660 points intraday and closing 936.1 points down for the week.
Several heavyweight stocks took a significant hit this week. Based on data from Trendlyne, here are the top 10 losers from the Nifty 50:
Top Nifty Losers for the Week
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Adani Enterprises closed at 2178.1, down 7.4% for the week.
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Nestle India ended at 1096.5, down 3.7% for the week.
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Apollo Hospitals Enterprises closed at 7084.5, down 3.6% for the week.
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Infosys shares ended at 1423.1, down 3.2% for the week.
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Sun Pharmaceutical Industries finished at 1586.9, down 2.6% for the week.
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Jio Financial Services closed at 321.2, down 2.5% for the week.
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ICICI Bank ended at 1435.9, down 2.4% for the week.
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Tata Motors closed at 633.7, down 2.3% for the week.
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Power Grid Corporation ended at 284.9, down 2.2% for the week.
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Hindustan Unilever closed at 2498.6, down 2.2% for the week.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.