The Indian stock market experienced a significant downturn today, with the Sensex dropping 1.92% to 74,559.24 and the Nifty 50 falling 1.83% to 23,379.55. Leading the list of top losers were Sonata Software, Olectra Greentech, and Kaynes Technology India, which saw declines of 8.63%, 7.30%, and 7.22% respectively.
Biggest decliners today
Sonata Software emerged as the biggest loser, with its stock price plummeting to ₹273.15 from an opening of ₹296.15. The IT sector, represented by Sonata, faced significant pressure today. Olectra Greentech, a key player in the green technology sector, also saw a sharp decline, closing at ₹1,270, down from an opening of ₹1,365. Kaynes Technology India, another significant loser, fell to ₹4,049.30 from its opening price of ₹4,342.20, reflecting challenges in the technology sector.
Gujarat State Petronet, operating in the energy sector, saw its stock decrease by 7.13%, closing at ₹268.35. JSW Energy, another energy sector stock, also faced a downward trend, closing at ₹517.95, marking a 6.95% drop from its opening price.
Sectoral patterns
The technology sector was notably impacted, with both Sonata Software and Kaynes Technology India experiencing significant losses. The energy sector also faced challenges, as seen with Gujarat State Petronet and JSW Energy. Additionally, BIRLASOFT and Netweb Technologies India, both from the IT sector, recorded declines of 6.83% and 6.50% respectively.
| Stock | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Sonata Software | 296.15 | 297.75 | 272.00 | 273.15 | -8.63% |
| Olectra Greentech | 1,365.00 | 1,374.00 | 1,260.20 | 1,270.00 | -7.30% |
| Kaynes Technology India | 4,342.20 | 4,376.00 | 4,020.10 | 4,049.30 | -7.22% |
| Gujarat State Petronet | 287.55 | 290.00 | 257.15 | 268.35 | -7.13% |
| JSW Energy | 539.75 | 539.75 | 512.00 | 517.95 | -6.95% |
| BIRLASOFT | 354.50 | 354.50 | 330.00 | 331.60 | -6.83% |
| Anant Raj | 543.70 | 553.10 | 500.00 | 502.45 | -6.70% |
| NLC India | 330.00 | 334.50 | 306.40 | 308.10 | -6.55% |
| Netweb Technologies India | 4,305.00 | 4,338.00 | 3,981.00 | 4,016.00 | -6.50% |
| UPL | 670.80 | 671.15 | 622.25 | 626.15 | -6.41% |
What this means for the market
The significant declines across various sectors, particularly in technology and energy, indicate a broader market weakness. Investors will need to closely monitor these sectors for any signs of recovery or further decline in the coming sessions. The overall market sentiment remains cautious as the indices reflect substantial losses.
Data as on May 12, 2026, 03:35 PM IST.
Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.