The Nifty Midcap 50 index witnessed a sharp decline today, falling by 1.56% or 247.35 points to settle at 15,620.70. The index saw broad-based selling across sectors, with Engineering, Manufacturing, and Technology witnessing the steepest declines, as highlighted by the heat map.
Key Highlights:
- Advances vs Declines:
- Only 9 stocks advanced, while 41 stocks declined in the Nifty Midcap 50 index.
- The market breadth remained negative, indicating weak investor sentiment.
- Sectoral Performance:
- The Engineering sector led the decline, down 2.01%.
- Manufacturing and Technology sectors also faced significant selling pressure.
Top Losers in Nifty Midcap 50:
| Stock Name | LTP (₹) | % Change |
|---|---|---|
| Dixon Technologies | 17,050.00 | -7.60% |
| Oracle Financial Services | 11,624.65 | -4.30% |
| PB Fintech | 2,002.90 | -3.69% |
| Polycab | 6,906.25 | -3.58% |
| Persistent | 6,119.30 | -3.39% |
| Godrej Properties | 2,565.75 | -3.26% |
| Voltas | 1,725.10 | -3.07% |
| KPIT Technologies | 1,430.60 | -2.92% |
| CG Power | 697.30 | -2.88% |
| APL Apollo | 1,551.00 | -2.65% |
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.
