Indian equity markets witnessed a sharp decline in morning trade, with the Sensex falling over 300 points and the Nifty slipping below 24,050. The market sentiment was dampened by rising geopolitical tensions, particularly after Iran intensified attacks involving the United Arab Emirates, which pushed Brent crude prices higher. Among the top losers, Ola Electric Mobility, Aarti Industries, and Aether Industries led the decline, reflecting the broader market’s cautious positioning.
Biggest decliners today
Ola Electric Mobility emerged as the biggest loser, with its stock price falling by 6.81% from its opening level to ₹33.93. The company’s shares opened at ₹36.49 and hit a low of ₹33.55 during the session. Aarti Industries followed closely, slipping 6.09% to ₹481.85. The stock opened at ₹513.05 and reached a low of ₹475.55. Aether Industries also faced significant losses, with a decline of 4.62% to ₹1,194.20, after opening at ₹1,256.00.
Jaiprakash Power Ventures saw its stock decrease by 4.51% to ₹18.20. The company opened at ₹18.56 and reached a low of ₹18.13. Syngene International’s shares dropped 4.47% to ₹456.00, with an opening price of ₹480.85.
Sectoral patterns
Among the other notable decliners, Godrej Properties fell 4.46% to ₹1,815.00, while CESC’s shares decreased by 4.38% to ₹190.01. In the consumer goods sector, Voltas saw a decline of 4.13% to ₹1,394.10. IIFL Finance and Sapphire Foods India also faced losses, with their stocks down 3.67% and 3.20% respectively.
| Stock | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Ola Electric | 36.49 | 36.71 | 33.55 | 33.93 | -6.81% |
| Aarti Industries | 513.05 | 513.10 | 475.55 | 481.85 | -6.09% |
| Aether Industries | 1,256.00 | 1,273.60 | 1,185.10 | 1,194.20 | -4.62% |
| Jaiprakash Power Ventures | 18.56 | 18.90 | 18.13 | 18.20 | -4.51% |
| Syngene International | 480.85 | 480.85 | 455.30 | 456.00 | -4.47% |
| Godrej Properties | 1,920.00 | 1,920.00 | 1,811.00 | 1,815.00 | -4.46% |
| CESC | 199.00 | 199.89 | 189.50 | 190.01 | -4.38% |
| Voltas | 1,452.00 | 1,453.00 | 1,386.00 | 1,394.10 | -4.13% |
| IIFL Finance | 462.05 | 462.05 | 439.20 | 441.85 | -3.67% |
| Sapphire Foods India | 191.91 | 193.12 | 186.53 | 187.56 | -3.20% |
What this means for the market
The current market downturn highlights the impact of geopolitical tensions on investor sentiment, particularly with the rise in energy prices. As the session progresses, market participants will be closely monitoring developments in the geopolitical landscape and energy markets, which could further influence trading behaviour and market direction.
Data as on May 5, 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.