Indian equity benchmarks were trading in positive territory during midday trade on February 2, even as several frontline stocks witnessed notable selling pressure. The Nifty 50 was up 0.28% at 24,894.15, while the Sensex gained 0.46% to trade at 81,095.38. Despite the broader market strength, select index heavyweights remained in the red.
Among Nifty 50 constituents, Shriram Finance emerged as the top loser in midday trade. The stock was trading at ₹949.0, down %4.9, marking the sharpest percentage decline among index stocks.
Max Healthcare Institute followed, with its shares falling %3.0 to ₹947.0.
Pharmaceutical major Cipla was also trading lower, slipping %2.1 to ₹1,300.8 in midday deals. The stock continued to face selling pressure during the session.
Retail-focused stock Trent declined %2.0 and was trading at ₹3,656.1.
IT heavyweight Infosys was down %1.8 at ₹1,624.0, contributing to the drag on the benchmark indices during midday trade.
Banking stock Axis Bank slipped %1.5 to ₹1,320.8, underperforming despite relative stability in the broader banking space.
Auto major Bajaj Auto was trading %1.1 lower at ₹9,398.5, remaining among the laggards on the Nifty 50.
Financial services stock Jio Financial Services declined %1.0 to ₹239.8, continuing its weak momentum in midday trade.
Consumer discretionary stock Titan Company was also down %1.0, trading at ₹3,944.9 during the session.
Lastly, PSU major Coal India edged lower by %1.0 to ₹415.3, rounding off the list of top losers among Nifty 50 stocks at midday.
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.
