The Indian stock market opened on a positive note today, buoyed by favourable global cues and a decline in global crude prices. The Nifty surged past the 24,100 mark, while the Sensex gained over 300 points. Despite the overall market optimism, some stocks faced significant declines. Leading the list of top losers are Shipping Corporation Of India (SCI), CREDITACCESS GRAMEEN, and United Breweries, which saw declines of 3.81%, 3.61%, and 3.54% respectively.
Biggest decliners today
Shipping Corporation Of India (SCI) emerged as the top loser, with its stock price dropping to ₹308.15, a 3.81% decrease from its opening price of ₹322.00. The stock reached a low of ₹306.50 during the session. CREDITACCESS GRAMEEN followed closely, with its shares falling 3.61% to ₹1,468.70. The stock had opened at ₹1,489.70 and touched a low of ₹1,467.00. United Breweries also saw a significant decline, with its stock price decreasing by 3.54% to ₹1,402.40 from an opening of ₹1,428.30.
Emcure Pharmaceuticals experienced a 3.36% drop, with its stock price settling at ₹1,633.50. The stock opened at ₹1,705.00 and reached a low of ₹1,627.40. Larsen & Toubro, a major player in the infrastructure sector, saw its shares fall by 3.07% to ₹3,930.00, having opened at ₹3,974.00.
Sectoral patterns
While the broader market showed strength, certain sectors saw notable declines. The infrastructure sector, represented by companies like Larsen & Toubro and Afcons Infrastructure, faced pressure. Afcons Infrastructure’s stock fell by 2.85% to ₹336.15. The textiles sector also saw a dip, with Vardhman Textiles’ shares decreasing by 2.70% to ₹618.90.
In the energy sector, Hitachi Energy India (POWERINDIA) dropped by 2.69% to ₹33,335.00. Meanwhile, Kirloskar Oil Engines and United Spirits, from the manufacturing and beverages sectors respectively, saw declines of 2.56% and 2.55%.
| Stock | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| SCI | 322.00 | 323.30 | 306.50 | 308.15 | -3.81% |
| CREDITACC | 1,489.70 | 1,511.70 | 1,467.00 | 1,468.70 | -3.61% |
| UBL | 1,428.30 | 1,428.30 | 1,382.00 | 1,402.40 | -3.54% |
| EMCURE | 1,705.00 | 1,705.00 | 1,627.40 | 1,633.50 | -3.36% |
| LT | 3,974.00 | 3,974.00 | 3,900.00 | 3,930.00 | -3.07% |
| AFCONS | 350.80 | 350.80 | 336.10 | 336.15 | -2.85% |
| VTL | 641.10 | 647.00 | 618.20 | 618.90 | -2.70% |
| POWERINDIA | 34,385.00 | 34,385.00 | 32,925.00 | 33,335.00 | -2.69% |
| KIRLOSENG | 1,740.00 | 1,752.40 | 1,666.20 | 1,692.70 | -2.56% |
| UNITDSPR | 1,328.80 | 1,328.80 | 1,277.40 | 1,282.00 | -2.55% |
What this means for the market
Despite the declines in these stocks, the overall market sentiment remains positive, driven by gains in banking, auto, and IT sectors. Investors will be closely monitoring the performance of these sectors as the session progresses. The broader market’s resilience suggests that the declines in these specific stocks might be isolated incidents rather than indicative of a larger trend.
Data as on May 6, 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.