Indian equity benchmarks were trading modestly higher in midday deals on February 10, with the NIFTY up 0.35% at 25,958.85 and the Sensex gaining 0.38% to 84,381.11. Despite the broader market strength, several heavyweight Nifty 50 stocks were trading in the red, weighing on sector-specific sentiment.
Shriram Finance emerged as the top loser among Nifty 50 stocks, declining 1.8% to ₹1,043.10 in midday trade.
Bajaj Finance was down 1.7% at ₹966.30, making it one of the biggest drags within the index during the session. Pharmaceutical major Dr. Reddy’s Laboratories slipped 1.5% to ₹1,256.10.
SBI Life Insurance traded 1.0% lower at ₹2,004.20. Paint major Asian Paints declined 0.9% to ₹2,396.80. Tata Consumer Products slipped 0.8% to ₹1,157.60, while IT major HCL Technologies traded 0.7% lower at ₹1,590.30.
Telecom heavyweight Bharti Airtel was also down 0.7% at ₹2,024.40. Adani Enterprises slipped 0.6% to ₹2,236.70, while FMCG major ITC rounded out the list, trading 0.4% lower at ₹321.60 in midday deals.
Overall, while headline indices remained in positive territory, profit-taking in select large-cap stocks led to mild underperformance among these Nifty 50 constituents during the midday session on February 10 (IST).