Top Losers Today 06-Apr-2026: Stocks Under Pressure

Indian markets staged a dramatic turnaround on Monday, erasing early losses to close sharply higher. The Nifty 50 surged 255 points (1.12%) to finish at 22,968, while the Sensex jumped 787 points to close at 74,107. Market breadth was strong, with 2,511 stocks advancing and 746 declining. Despite the broad-based rally, the oil and gas sector faced significant selling pressure due to rising global crude prices and geopolitical tensions.

Large Cap Top Losers

Reliance Industries Ltd (-3.41%)

Shares of the conglomerate fell as surging crude oil prices, driven by geopolitical tensions in West Asia, sparked investor concerns over potential pressure on its refining and petrochemical margins. The broader Nifty Oil & Gas index was the day's worst-performing sector, reflecting worries about the impact of sustained high energy prices on the Indian economy.

GE Vernova T&D India Ltd (-2.40%)

The stock declined likely due to profit-taking, as it traded near its 52-week high. In the absence of any specific negative news for the company, the fall appears to be a result of broader market volatility where investors booked profits in stocks that have seen significant recent gains.

Oil & Natural Gas Corpn Ltd (-1.90%)

ONGC shares tumbled amid a sell-off in the oil and gas sector, despite elevated crude prices. Investors reacted to concerns that high oil prices could increase the government's fiscal deficit and lead to measures like windfall taxes, potentially impacting the profitability of state-owned upstream producers.

Marico Ltd (-1.56%)

The FMCG major's stock price declined after a spike in crude oil prices raised concerns about input cost inflation. Crude oil derivatives are key components in packaging materials, and higher fuel costs also increase logistics expenses, leading investors to worry about potential margin compression for the company.

Hitachi Energy India Ltd (-1.18%)

Hitachi Energy witnessed profit booking as the stock traded close to its 52-week high. With no specific company-related news driving the decline, the movement was attributed to investors securing gains amid the day's initial market weakness and high valuation levels.

Mid Cap Top Losers

Piramal Finance Ltd (-2.49%)

Shares of Piramal Finance fell amid broader weakness in the financial services sector. Macroeconomic concerns, including rising energy prices and their potential impact on economic growth and credit demand, led to cautious sentiment among investors towards banking and NBFC stocks.

Linde India Ltd (-2.20%)

Linde India's stock corrected as investors engaged in profit-taking. The industrial gases company, trading near its 52-week high, saw its shares decline in the absence of any negative announcements, suggesting the move was driven by technical factors and a rotation out of recent high-flyers.

Ipca Laboratories Ltd (-2.05%)

The pharmaceutical company's shares declined as the healthcare and pharma sectors witnessed a broad-based pullback. The fall was attributed to sector-wide profit booking after a period of strong performance, rather than any company-specific negative development.

Ajanta Pharma Ltd (-1.94%)

Similar to its peers, Ajanta Pharma faced selling pressure as part of a wider trend of profit-taking across the pharmaceutical sector. The stock's decline was in line with the weakness observed in the Nifty Pharma index during the trading session.

Mangalore Refinery And Petrochemicals Ltd (-1.84%)

MRPL shares dropped as a sharp rise in global crude oil prices threatened to squeeze gross refining margins. Investors sold the stock on concerns that the state-owned refiner would be unable to pass on the increased input costs to consumers immediately, thereby impacting its near-term profitability.

Small Cap Top Losers

Amir Chand Jagdish Kumar (Exports) Ltd (-10.00%)

The stock plunged and hit its lower circuit, continuing its weak performance since its market debut on April 2. The decline reflects sustained selling pressure from investors following a discounted listing, with the stock hitting a new 52-week low.

Hariom Pipe Industries Ltd (-9.25%)

Shares of Hariom Pipe Industries tumbled to a new 52-week low, driven by technical weakness and persistent selling pressure. The stock has been in a consistent downtrend, and today's fall indicates a continuation of negative momentum in the absence of any fresh corporate announcements.

Asian Star Company Ltd (-8.31%)

Asian Star Company's stock fell sharply on concerns over its financial health, as the company has reported declining profits for the last five quarters. The significant price drop on very low trading volume suggests a lack of buying interest and heightened investor caution regarding its performance.

Jagatjit Industries Ltd (-7.72%)

The stock slumped to a new 52-week low after reporting consistent losses and a sharp quarterly decline in revenue. Investors reacted negatively to the company's deteriorating financial performance, which includes posting losses for four consecutive quarters.

Shree Ajit Pulp and Paper Ltd (-7.33%)

Shares of Shree Ajit Pulp and Paper declined significantly on low trading volume. The fall appears to be driven by profit booking, potentially amplified by underlying investor concerns regarding the company's financial metrics, such as a low interest coverage ratio.

Market Overview

Indian equity markets experienced a highly volatile session on Monday, ultimately closing with substantial gains. The day began on a weak note, with indices falling in response to escalating geopolitical tensions in West Asia and crude oil prices climbing above $110 per barrel. The Nifty 50 and Sensex both saw significant intraday declines as sectors sensitive to high oil prices, like oil and gas, came under pressure.

However, a dramatic reversal occurred in the afternoon session, reportedly triggered by news of a potential ceasefire framework between the US and Iran. This news flow injected strong positive sentiment, leading to a sharp recovery that pushed the benchmarks firmly into positive territory. The rally was broad-based, with consumer durables, PSU banks, and realty stocks leading the charge. The strong advance-decline ratio, with over 2,500 stocks rising, underscored the bullish sentiment that dominated the latter half of the day.

Explore More Market Movers

Readers can explore the complete list of market movers here:

https://www.multibagg.ai/market-movers/top-gainers