The Indian stock market benchmarks—Sensex and Nifty 50—snapped their two-day losing streak on Friday, July 4, closing slightly higher amid mixed global cues. The BSE Sensex rose 193 points (0.23%) to end at 83,432.89, while the NSE Nifty 50 gained 56 points (0.22%) to settle at 25,461.
However, despite the Friday rebound, both indices logged nearly 1% weekly losses, putting an end to their two-week winning run.
Several major stocks underperformed this week, with Trent, Axis Bank and Kotak Mahindra Bank leading the losses. Let’s take a closer look at the top 10 losers of the Nifty 50 this week, according to Trendlyne.
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Trent
Closed at ₹5,456, falling 9.4% this week. The stock also saw a sharp intraday drop of 11.9% on Friday. -
Axis Bank
Ended the week at ₹1,177.6, down 3.9% over the past five sessions. -
Kotak Mahindra Bank
Settled at ₹2,129.8, registering a 3.5% weekly decline. -
Shriram Finance
Finished at ₹676.2, slipping 3.4% during the week. -
Tata Consumer Products
Ended at ₹1,089.7, with a weekly fall of 3.1%. -
SBI Life Insurance
Closed at ₹1,799.7, down 2.8% on the week. -
HDFC Life Insurance
Settled at ₹785.1, posting a 2.7% decline over the week. -
Nestle India
Finished at ₹2,392.8, losing 2.7% during the week. -
Bajaj Finserv
Ended at ₹1,994.4, with a 2.4% drop from last week. -
Larsen & Toubro
Closed the week at ₹3,594.6, marking a 2.3% decline.
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.
