Shares of Reliance Industries Ltd., Mahindra & Mahindra Ltd., ITC Ltd., Infosys Ltd. and Bharat Electronics Ltd. were the top losers among the NSE Nifty 50 stocks on Wednesday.
Meanwhile, among the gainers were shares of HDFC Bank Ltd., Larsen & Toubro Ltd., Bharti Airtel Ltd., Kotak Mahindra Bank Ltd. and Bajaj Finserv Ltd.
The benchmark indices extended their fall to the sixth consecutive day, the most since Nov. 18, 2024. Realty, auto and oil and gas sectors were the top sectoral losers.
The Nifty 50 fell as much as 1.19% to 22,798.35, and the BSE Sensex declined 1.19% to 75,388.39. The broader market tumbled more than the benchmark indices but recovered later in the session with the midcap index down 0.37% and the small-cap index slipping by 0.7%.
The small and mid-cap stocks are poised for further downside, as these stocks are testing the entry into the bear market on muted earnings and peaking domestic flows, according to Bernstein Research.
The chart below shows key gainers and losers among Nifty 50 stocks.
Top Losers
RIL and M&M were the top losers as their shares closed 1.48% and 3.2% lower, respectively. ITC declined 2.01%, while Bharat Electronics fell 2.23%.
Top Gainers
HDFC Bank and Larsen & Toubro were the top gainers as their shares closed 0.32% and 1.54% higher. Bharti Airtel settled 0.9% higher while Kotak Mahindra Bank ended with 1.4% gains.
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