Top Losers Today 24 Apr 2026: IT Falls, Sensex Drops
Introduction
Indian equities ended sharply lower on 24 April 2026, with the Sensex closing 982 points down and the Nifty 50 settling below 23,900 (percentage changes were not provided in the data). Selling pressure was broad-based, with the Nifty IT index sliding over 5.4% and erasing significant market capitalisation during the session. Market breadth and FII-DII flow figures were not available, but the losers list shows declines dominated by IT across large and mid caps, along with pockets of small-cap capitulation.
Large Cap Top Losers
Infosys Ltd (-7.09%) Infosys sank as the IT pack saw heavy de-risking, with market updates flagging the Nifty IT index down over 5.4% during the session. Investors sold large IT names amid a sector-wide reset, pushing Infosys near its 52-week low (₹1,152.35). The stock also saw the highest large-cap loser volume on the list at 4.54 crore shares.
HCL Technologies Ltd (-5.83%) HCL Tech fell in tandem with the sharp slide in the Nifty IT index, as traders cut exposure to the sector during the broader market drop. The stock ended close to its 52-week low (₹1,198.50), reflecting how quickly risk appetite faded for IT through the day. Volume was elevated at 1.15 crore shares.
Godrej Consumer Products Ltd (-4.85%) Godrej Consumer slipped as the sell-off broadened beyond IT and pulled down defensives as well in a session described as “all sectors in red” in the market context. With no company-specific trigger provided, the move appears linked to late-session risk reduction and index-level unwinds. Trading volume stood at 41.51 lakh shares.
Tata Consultancy Services Ltd (-4.77%) TCS dropped as the IT sector came under sustained pressure, with market updates highlighting large drawdowns across top IT counters. Investors typically treat TCS as a bellwether, so the sector slide amplified selling in the stock as well. The decline took it closer to its 52-week low zone (₹2,346.35).
LTM Ltd (-4.74%) LTM Ltd declined as the overall tape weakened and selling spread across heavyweights, in line with the steep Sensex fall. With no stock-specific news in the provided inputs, the move is best explained by broad risk-off positioning amid geopolitical uncertainty and higher crude cited in the day’s market context. The stock traded 9.94 lakh shares.
Mid Cap Top Losers
Persistent Systems Ltd (-6.10%) Persistent slid as the Nifty IT index dropped more than 5.4% intraday, with the market update explicitly calling out heavy pressure in midcap IT names. Investors typically treat midcap IT as higher beta within the sector, which can magnify declines when the group derates. Persistent’s fall came on 13.26 lakh shares.
Coforge Ltd (-5.65%) Coforge declined alongside the broader IT rout, with the market context listing the stock among the key IT counters falling sharply during the session. The move reflects sector-linked selling rather than a company-specific announcement in the provided inputs. Volume was high at 55.04 lakh shares.
Alkem Laboratories Ltd (-5.21%) Alkem fell as risk-off selling spread across sectors in a session where the market context indicated broad declines. With no fresh results or regulatory trigger provided for Alkem, the drop is consistent with investors cutting exposure to midcap names during a sharp index down day. The stock traded 1.73 lakh shares.
Mphasis Ltd (-4.09%) Mphasis extended the IT-led decline, with market updates highlighting significant weakness in IT stocks and naming Mphasis among counters under pressure. Investors reacted to the sector drawdown by reducing positions across IT midcaps as well. The stock saw 8.11 lakh shares in volume.
ICICI Prudential Life Insurance Company Ltd (-4.03%) ICICI Prudential Life slipped as financials participated in the broader sell-off, with overall market risk reduced amid weak global cues referenced in the context. In the absence of stock-specific news in the supplied inputs, the move appears driven by index-level selling and sector-wide defensiveness. Volume stood at 15.06 lakh shares.
Small Cap Top Losers
AB Cotspin India Ltd (-19.99%) AB Cotspin crashed to its 52-week low (₹311.15), indicating a technical breakdown that likely triggered forced selling. The move was accompanied by unusually high activity relative to the stock’s recent average volume as highlighted in the supplementary context, a pattern often seen when stop-losses hit after a sharp breach of support. The stock traded 3.36 lakh shares.
UVS Hospitality & Services Ltd (-14.66%) UVS Hospitality slid sharply toward its 52-week low band (₹73.61), with the decline consistent with illiquidity-driven volatility typical in small caps on weak market days. No specific corporate catalyst was provided in the inputs, so the fall is best explained by risk-off selling and thin order books amplifying price moves. Volume was 1.25 lakh shares.
Industrial Investment Trust Ltd (-11.98%) Industrial Investment Trust fell as broader market weakness spilled into smaller finance names, where price moves can accelerate on relatively lower depth. With no company-specific news in the supplied dataset, the drop appears driven by a risk reduction trade amid the sharp benchmark decline. The stock traded 1.18 lakh shares.
Innovassynth Technologies (India) Ltd (-10.85%) Innovassynth Technologies dropped after the company fixed the record date (29 April 2026) and terms for a ₹69.64 crore rights issue at ₹40 per share, with the issue opening 8 May and closing 18 May 2026. Investors typically mark down prices when a fundraise is announced at a steep discount to the prevailing market price, due to dilution and an implied lower reference price. The stock saw 2.60 lakh shares in volume.
Khaitan Chemicals & Fertilizers Ltd (-10.35%) Khaitan Chemicals fell after India Ratings downgraded the company’s bank facilities to IND BBB- and placed them on “rating watch with developing implications.” The agency cited constrained liquidity, thin profitability in SSP due to sharply higher sulphur costs, plant shutdowns and high working-capital utilisation, which can raise funding costs and tighten cash flows. The stock traded 12.85 lakh shares.
Market Overview
Benchmark indices ended deep in the red on 24 April 2026, with the Sensex closing 982 points lower and the Nifty 50 finishing below 23,900, as per the market context provided (closing percentage moves were not provided). Market updates also flagged a sharp sector drawdown in IT, with the Nifty IT index down over 5.4% and large-cap IT names leading the day’s declines.
The day’s narrative was driven by a risk-off backdrop, with the supplied context citing geopolitical uncertainty and a spike in crude oil prices, alongside rupee weakness (reported around ₹94.2 per US dollar). With “all sectors in red” in the closing summary, selling broadened beyond IT into other pockets, including select FMCG, financials and small caps.
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