The Indian stock market witnessed a notable downturn on May 22, as investor sentiment turned bearish and key benchmark indices closed the session deep in the red. The BSE Sensex slipped by 644.64 points, or 0.79%, to settle at 80,951.99, while the NSE Nifty 50 declined by 203.75 points, or 0.82%, ending the day at 24,609.70.
Several stocks from the Nifty 50 index ended in the red. Among the biggest losers of the day were well-known names like ONGC, Mahindra & Mahindra and Tech Mahindra. Let’s take a closer look at the top losers of the Nifty 50, according to Trendlyne.
Nifty 50 top losers on May 22
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Oil and Natural Gas Corporation closed at ₹241.7, falling by 2.8%.
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Mahindra & Mahindra ended at ₹3006.3, down by 2.7%.
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Tech Mahindra settled at ₹1565.6, recording a 2.0% decline.
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Hindalco Industries closed at ₹649.6, down by 2.0%.
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Wipro ended the session at ₹245.9, with a 2.0% drop.
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Trent closed at ₹5342.0, slipping by 1.9%.
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Bajaj Finserv finished at ₹2001.0, down by 1.8%.
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Power Grid Corporation ended at ₹290.9, declining by 1.8%.
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Coal India closed at ₹398.9, down by 1.6%.
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ITC ended the day at ₹426.1, with a 1.6% decrease.
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.
