Indian markets opened on a positive note, with indices like the Sensex and Nifty 50 trading higher, reflecting a mix of positive momentum and near-term selling pressure. The Sensex rose to 77,678.66, up by 0.99%, while the Nifty 50 climbed to 24,232.40, marking a 0.98% increase. Despite this upward trend, several stocks faced significant declines, with Zen Technologies, Sun TV Network, and Netweb Technologies India leading the list of top losers.
Biggest decliners today
Zen Technologies saw a sharp decline of 10.68% from its opening price, trading at ₹1,492.60. The stock opened at ₹1,484.40 and reached a high of ₹1,536.90 before slipping. This significant drop places Zen Technologies at the forefront of today’s decliners.
Sun TV Network also faced a substantial drop, with its current price at ₹556.00, down 8.19% from its opening of ₹610.00. The stock’s high for the day was ₹614.00, but it has struggled to maintain its position amid the broader market trends.
Netweb Technologies India recorded a decline of 6.31%, trading at ₹3,808.50. The stock opened at ₹4,090.00, reaching a high of ₹4,110.70 before losing ground. This decline adds to the cautious sentiment observed in the market today.
Kajaria Ceramics and Sapphire Foods India also featured among the top losers. Kajaria Ceramics fell by 5.92%, with its current price at ₹1,117.30, while Sapphire Foods India declined by 4.92%, trading at ₹195.50.
Sectoral patterns
The decline in these stocks does not appear to be sector-specific, as the top losers span various industries, including technology, media, and consumer goods. However, the overall market sentiment remains cautious, with investors likely engaging in profit booking, particularly in auto stocks, as indicated by the broader market context.
| Stock | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Zen Technologies | 1,484.40 | 1,536.90 | 1,466.10 | 1,492.60 | -10.68% |
| Sun TV Network | 610.00 | 614.00 | 548.10 | 556.00 | -8.19% |
| Netweb Technologies India | 4,090.00 | 4,110.70 | 3,760.00 | 3,808.50 | -6.31% |
| Kajaria Ceramics | 1,187.00 | 1,187.00 | 1,113.20 | 1,117.30 | -5.92% |
| Sapphire Foods India | 199.60 | 205.55 | 195.01 | 195.50 | -4.92% |
| Mazagon Dock Shipbuilders | 2,751.20 | 2,759.00 | 2,603.30 | 2,614.00 | -4.36% |
| Garden Reach Shipbuilders & Engineers | 2,956.00 | 2,979.00 | 2,778.00 | 2,809.00 | -4.16% |
| Sona BLW Precision Forgings | 614.00 | 614.00 | 576.35 | 585.55 | -3.57% |
| CEAT | 3,474.50 | 3,477.00 | 3,297.00 | 3,323.30 | -3.54% |
| Indus Towers | 414.55 | 415.00 | 390.80 | 396.20 | -3.35% |
What this means for the market
As the session progresses, investors will likely keep a close watch on the broader market trends and sectoral movements. While the overall sentiment remains positive, the declines in these stocks highlight the mixed behaviour in the market, with profit booking and cautious trading at higher levels. The outcome of the West Bengal election trends favouring BJP may continue to influence market sentiment, providing support amidst the selling pressure.
Data as on May 4, 2026, 11:30 AM 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.