Top Losers Today 10-Apr-2026: IT Stocks Drag Amid Market Rally

Indian markets closed with strong gains on April 10, 2026, as the Sensex surged 886 points to 77,517 and the Nifty 50 climbed 262 points to close above 24,037. Despite the broad-based rally, the Information Technology sector faced significant selling pressure, dragging key stocks lower. Market breadth was overwhelmingly positive, with 3,143 stocks advancing against 758 declining on the exchanges.

Large Cap Top Losers

Coal India Ltd (-4.39%) Shares of Coal India were the top losers on the Nifty 50, declining sharply even as the broader market rallied. The fall appears to be driven by profit-taking, as the stock underperformed the strong market sentiment without a specific negative news trigger.

Sun Pharmaceutical Industries Ltd (-3.65%) Sun Pharma's stock dropped amid mild weakness in the broader pharmaceutical sector. The decline suggests investors were booking profits in the defensive pharma space while rotating into cyclical sectors that were leading the day's market gains.

Infosys Ltd (-2.94%) Infosys shares fell as the Nifty IT index slumped nearly 3%, becoming the worst-performing sector for the day. The decline was attributed to a significant sectoral rotation, with investors selling IT stocks to move capital into rallying financial and auto counters.

Tata Consultancy Services Ltd (-2.45%) Similar to its peers, TCS witnessed heavy selling pressure as part of the broader downturn in the IT sector. The stock declined as investors shifted focus from defensive IT names to domestic-facing cyclical stocks that were driving the benchmark indices higher.

Tech Mahindra Ltd (-1.44%) Tech Mahindra shares also ended in the red, caught in the sector-wide sell-off that impacted major technology companies. The negative sentiment towards the IT pack led to the stock's decline despite the overall bullish market environment.

Mid Cap Top Losers

Coforge Ltd (-3.18%) Coforge led the losers in the mid-cap segment, falling sharply due to the widespread sell-off in IT stocks. The company, being a key player in the IT services space, was directly impacted by the negative sectoral sentiment and investor rotation into other sectors.

Mphasis Ltd (-2.41%) Mphasis shares declined as the selling pressure on IT-linked stocks extended to the mid-cap space. The stock fell in tandem with the Nifty IT index, which was the day's biggest sectoral loser, as investors booked profits in technology names.

Info Edge (India) Ltd (-1.13%) Info Edge shares corrected as the technology and internet services space faced headwinds during the session. The stock's decline was part of the broader negative sentiment towards tech-related companies, which saw significant outflows during the day.

Meesho Ltd (-1.06%) Shares of Meesho ended lower, declining in a session where the broader market showed significant strength. The fall in the stock occurred without a specific news catalyst and could be attributed to profit-taking or stock-specific selling pressure.

Persistent Systems Ltd (-0.86%) Persistent Systems declined as it was caught in the downdraft affecting the entire IT services industry. The stock moved lower, reflecting the broader trend of investors reducing their exposure to technology stocks in favor of cyclical sectors.

Small Cap Top Losers

All E Technologies Ltd (-7.08%) Shares of All E Technologies plunged amid persistent negative sentiment, compounded by reports of decreased FII/FPI shareholding in the previous quarter. The stock's sharp fall reflects ongoing investor concerns, with community sentiment strongly indicating a sell position.

LKP Finance Ltd (-6.38%) LKP Finance tumbled as investors likely reacted to the company's weak financial fundamentals, including poor profit growth and a significant year-over-year decline in EPS. After a substantial rally over the past year, the stock faced heavy profit-booking amid concerns over its expensive valuation.

Likhitha Infrastructure Ltd (-6.11%) The stock corrected sharply due to profit-taking following a massive rally in the preceding sessions, where it gained over 35% in just two days. The decline represents a natural pullback after such a rapid and significant price surge that had prompted an exchange clarification earlier in the month.

Alacrity Securities Ltd (-5.54%) Alacrity Securities shares fell, influenced by weak technical indicators suggesting a sell signal. Investor sentiment was also likely dampened by a noted decrease in promoter holding over the past three years, contributing to the selling pressure.

Seshaasai Technologies Ltd (-5.51%) Seshaasai Technologies continued its downtrend, hitting a new 52-week low. The stock's decline was fueled by investor concerns over its financial performance, following a reported drop in net profit and sales in its previous quarterly earnings announcement.

Market Overview

The Indian stock market registered a strong performance on April 10, with the Sensex closing at 77,517.81, up 886 points, and the Nifty 50 settling at 24,037.20, a gain of 262 points. The market rally was broad-based, as reflected in the advance-decline ratio, where over 3,100 stocks advanced while only about 750 declined. Volatility eased significantly, with the India VIX index dropping nearly 8 percent.

A clear sectoral rotation was visible throughout the trading session. The auto, banking, realty, and consumer durables indices were the top performers, each gaining between 1% and 3%. In stark contrast, the Nifty IT index emerged as the sole loser, plummeting by approximately 2-3% as investors booked profits in technology stocks and reallocated capital to cyclical, domestic-focused sectors that are expected to benefit from the strong economic outlook.

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