On a challenging day for the markets, several major stocks ended in the red, with technology, auto, and pharma companies bearing the brunt of the decline. TCS, M&M, and Cipla emerged as the top losers in today’s trading session.
Top Losers of the Day:
- Tata Consultancy Services (TCS): TCS led the decline, falling by 1.93% to close at ₹4,146.00, down ₹81.40 for the day. The stock experienced selling pressure after recent quarterly results fell below expectations.
- Mahindra & Mahindra (M&M): M&M saw a significant drop of 1.80%, closing at ₹3,136.80, down by ₹57.50.
- Cipla: Cipla also recorded a decline of 1.52%, closing at ₹1,594.30, with a loss of ₹24.60. The pharma sector faced a rough day, contributing to Cipla’s downward movement.
- Adani Enterprises: The stock dropped by 1.39%, closing at ₹3,129.95, down ₹44.25 for the day.
- Power Grid Corporation: Power Grid declined by 1.20%, closing at ₹330.35, down ₹4.00.
- Maruti Suzuki: Maruti Suzuki dropped 1.17% to close at ₹12,792.10, down ₹152.00 from the previous close.
- Axis Bank: Axis Bank declined by 0.93%, closing at ₹1,173.20, down ₹11.05 for the day.
- HDFC Bank: The banking giant fell by 0.66%, closing at ₹1,651.50, down ₹10.90.
- ITC: ITC closed at ₹488.95, down ₹3.10, marking a 0.63% decline.
Market Overview: The market volatility led to mixed results across sectors, with technology and auto stocks taking the hardest hit. Investors continue to assess global macroeconomic factors, and the losses reflect the ongoing cautious sentiment in the market.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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