Several Nifty 50 stocks are experiencing significant declines as of 11:07 AM today. Here’s a closer look at the top losers.
Hero MotoCorp led the losses, dropping 3.61% to trade at ₹5,742.15. The stock opened at ₹5,890.00 and hit a low of ₹5,729.00 during the session, reflecting significant selling pressure in the auto sector.
BEL (Bharat Electronics Ltd) was down 2.68%, trading at ₹285.60 after opening at ₹293.45. The stock has struggled amid broader market weakness, reaching a session low of ₹284.15.
Bajaj Auto declined 2.52%, trading at ₹12,347.50. The stock opened at ₹12,553.60 and hit a low of ₹12,311.00, indicating a rough session for the auto giant.
Reliance Industries was down 2.41%, trading at ₹2,978.85. The stock opened at ₹3,038.80 and touched a low of ₹2,975.00, reflecting weak market sentiment.
M&M (Mahindra & Mahindra) fell 2.25%, trading at ₹3,112.10. The stock opened at ₹3,163.15 and dropped to ₹3,104.25 during the session.
Trent was down 1.68%, trading at ₹7,702.20. The stock opened at ₹7,814.75 and touched a low of ₹7,700.00 during the session.
ICICI Bank dropped 1.68% to ₹1,284.60. The stock opened at ₹1,292.10 and hit a session low of ₹1,279.00, reflecting pressure in the banking sector.
Axis Bank declined 1.54%, trading at ₹1,253.50 after opening at ₹1,263.50. The stock has faced consistent selling pressure during the session.
Cipla was down 1.55%, trading at ₹1,646.65. The stock opened at ₹1,675.00 and reached a low of ₹1,646.30.
Coal India fell 1.41% to ₹508.80, after opening at ₹513.00 and touching a low of ₹502.50.
In conclusion, these Nifty 50 stocks are facing significant declines due to broader market pressures, particularly in the auto, banking, and industrial sectors.
Disclaimer: Stock market investments are subject to market risks. The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Readers are advised to seek independent financial advice before making any investment decisions.
