Several heavyweight stocks dragged the benchmark indices lower during midday trade on February 6, as selling pressure emerged across insurance, IT, banking, port operations, and consumption-linked names. The broader market remained rangebound, but select frontline stocks slipped up to 2.0%, weighing on overall sentiment.
Among the biggest laggards was SBI Life Insurance, which declined 2.0% to ₹1,976.9.
HDFC Life Insurance also fell 2.0%, trading at ₹706.4. Insurance stocks remained under pressure through the session, reflecting a cautious tone within the financial services space.
In the infrastructure segment, Adani Ports & Special Economic Zone slipped 1.8% to ₹1,541.6.
IT majors continued to face selling pressure. Tata Consultancy Services dropped 1.8% to ₹2,937.2, while Tech Mahindra declined 1.6% to ₹1,620.0.
Banking heavyweight State Bank of India traded 1.5% lower at ₹1,057.1, adding pressure to the financial index.
Another IT stock, Wipro, was down 1.4% at ₹230.1, extending the broader weakness seen across the sector.
Consumer and healthcare names were also among the laggards. Asian Paints slipped 1.4% to ₹2,397.3, while Max Healthcare Institute declined 1.4% to ₹1,026.3.
Auto major Bajaj Auto rounded off the list, trading 1.4% lower at ₹9,513.0 during midday deals.
Overall, the decline in these frontline stocks kept the benchmarks under check, with losses largely driven by select sectoral pressure rather than broad-based selling.