The Indian equity markets ended Wednesday, April 23, 2025, on a strong note, with benchmark indices registering robust gains. The Nifty 50 surged past the 24,300 mark, closing at 24,328.95, up 161.70 points or 0.67%. Meanwhile, the BSE Sensex climbed 520.90 points, settling at 80,116.49, reflecting a 0.65% gain.
Despite the broader uptrend, several heavyweight stocks in the Nifty 50 index registered notable losses, with HDFC Bank, Kotak Mahindra Bank and Grasim Industries leading the decline. Let’s take a closer look at the top losers of the Nifty 50, according to Trendlyne.
Nifty 50 top losers on April 23
HDFC Bank closed at ₹1920.7, down 2.1% from the previous session. The stock fell by ₹41.00.
Kotak Mahindra Bank registered a 2.1% drop, ending the day at ₹2221.4 with a decline of ₹47.40.
Grasim Industries saw a 2.0% decrease in its stock price, closing at ₹2695.0 after shedding ₹54.40.
State Bank of India dropped by 1.1%, closing at ₹813.5, a decrease of ₹8.90.
Eicher Motors closed at ₹5730.0, slipping 0.9% with a fall of ₹54.00.
Axis Bank ended the session at ₹1206.0, down 0.9% or ₹10.80.
JSW Steel recorded a 0.8% dip, closing at ₹1035.7 after a loss of ₹8.50.
ITC also declined by 0.8%, finishing at ₹430.2, down ₹3.45.
UltraTech Cement dropped by 0.8%, with a closing price of ₹11867.0 and a reduction of ₹92.00.
HDFC Life Insurance experienced a 0.6% fall, ending at ₹708.2 after losing ₹4.35.
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.
