Top Losers Today 29-Apr-2026: Stocks Dragging NSE Market

Introduction

Nifty 50 closed at 24,195.40 (+0.83%) while Sensex gained 662.67 points to settle at 77,549.58 (+0.86%) on April 29, 2026, even as market breadth stayed narrowly negative with 1,916 advances vs 1,940 declines (136 unchanged). Auto, FMCG and realty led the headline index gains, but losses were concentrated in pockets such as consumer durables and select PSU-linked names. The rupee ended at the day’s low at 94.85 per dollar (vs 94.54), with elevated Brent crude near $114 keeping inflation and imported-cost concerns in focus.

Large Cap Top Losers

Power Finance Corporation Ltd (-3.49%) PFC slid as traders pared exposure in PSU-linked financials while the market leadership remained with auto and FMCG, leaving PSU pockets comparatively weaker. The stock also cooled off after trading close to its 52-week high zone (52W high: Rs 477.95), and the 1.13 crore shares volume pointed to active profit-taking.

Bharat Heavy Electricals Ltd (-2.97%) BHEL declined amid weakness in infrastructure and PSU-heavy counters even as benchmarks rose, consistent with sector rotation away from these themes. With the stock near its 52-week high (Rs 358), investors used the up-move zone to lock in gains, reflected in heavy volume of 1.57 crore shares.

Billionbrains Garage Ventures Ltd (-2.91%) Billionbrains Garage Ventures fell in a high-volume move (4.65 crore shares), indicating a crowded trade unwinding rather than a low-liquidity drift. The decline came as the stock traded not far from its 52-week highs (Rs 227), a setup that often triggers sell-side pressure when there is no fresh, company-specific trigger on the day.

Jindal Steel Ltd (-2.89%) Jindal Steel eased as metal stocks saw profit-booking after recent strength, with the counter trading relatively near its 52-week high (Rs 1,282.95). The fall came despite a firm broader tape, suggesting investors rotated out of cyclicals into defensives and consumption-linked leaders.

Bosch Ltd (-2.69%) Bosch declined in line with the day’s weakness in consumer durables, a sector that underperformed even as autos rallied. The stock’s drop on relatively light volume (35.98K) also suggested a price reset driven by sector-level moves rather than a single stock-specific headline.

Mid Cap Top Losers

NTPC Green Energy Ltd (-4.57%) NTPC Green Energy slipped as investors reduced exposure to capital-intensive power themes on a day when crude remained elevated and the rupee weakened to 94.85 per dollar, keeping macro cost-of-capital worries in view. The decline was backed by heavy participation (1.35 crore shares), signalling a broad-based exit rather than a thin trade.

JSW Infrastructure Ltd (-4.09%) JSW Infrastructure dropped after being flagged among the day’s notable midcap laggards, reflecting profit-taking in infrastructure even as benchmarks ended higher. The 22.59 lakh shares volume indicated sustained selling through the session.

JSW Energy Ltd (-3.62%) JSW Energy retreated as traders booked profits after the stock traded near its recent highs (52W high: Rs 588.35). With 44.68 lakh shares changing hands, the move pointed to a risk reduction in energy counters despite the broader market rally.

Meesho Ltd (-3.49%) Meesho declined as investors rotated away from high-beta midcaps in a session where breadth was slightly negative despite index gains. The stock saw 46.33 lakh shares traded, suggesting the fall was driven by active selling rather than a lack of bids.

Lenskart Solutions Ltd (-3.31%) Lenskart fell as traders took money off the table with the stock still trading close to its 52-week high zone (Rs 549.90). Volumes of 26.26 lakh shares showed meaningful distribution through the day.

Small Cap Top Losers

Asian Granito India Ltd (-16.82%) Asian Granito plunged after the stock opened near Rs 78, close to its 52-week high zone, and then saw aggressive selling through the session, pointing to profit-taking after a sharp recent run. The fall came despite a recent disclosure that Arthkumbh Ventures and an individual investor bought nearly a 5% stake (April 27), suggesting the stake news was already priced in and became an exit opportunity. Volumes surged to 5.00 crore shares, highlighting the intensity of the sell-off.

Rajoo Engineers Ltd (-16.08%) Rajoo Engineers dropped a day after the board approved audited standalone and consolidated results for FY2025-26 with an unmodified audit opinion and recommended a final dividend of Rs 0.15 per share. Investors also reacted to the governance update in the same board outcome, with the company accepting the resignation of Company Secretary Nikhil V. Gajjar effective April 30, 2026, which heightened near-term uncertainty. The sharp move was accompanied by 64.73 lakh shares traded.

InfoBeans Technologies Ltd (-9.86%) InfoBeans fell even after reporting strong FY26 numbers, including revenue of Rs 539 crore (+32% YoY) and PAT of Rs 87 crore (+128% YoY), alongside a total dividend of Rs 1.00 per share (Rs 0.50 final plus Rs 0.50 special). The decline indicates a sell-on-results reaction, particularly after recent strong price performance into the print, with investors locking in gains once the numbers were out. The stock saw 32.58 lakh shares traded.

Krishana Phoschem Ltd (-9.58%) Krishana Phoschem slid after trading near its peak zone, with the stock opening around Rs 672 and touching levels close to its 52-week high (Rs 674.35) before reversing sharply. In the absence of a fresh company announcement in the provided data, the move looked driven by profit-taking from near-record levels, with 9.98 lakh shares traded.

Piccadily Agro Industries Ltd (-9.33%) Piccadily Agro declined after reporting Q4 FY26 net profit up 13.6% YoY to Rs 45.22 crore and FY26 income at Rs 1,142.84 crore, even as it reiterated that it has filed a SEBI demerger of its sugar division to become a pure-play alcohol-beverage company. The price action pointed to investors booking profits after the results, especially with the stock flagged as overbought in the provided context (RSI-14 at 83.24). Volumes stood at 13.98 lakh shares, underscoring broad selling after the announcement.

Market Overview

Indian equities ended higher on April 29, with Nifty 50 at 24,195.40 (+0.83%) and Sensex at 77,549.58 (+0.86%). Gains were led by auto, FMCG and realty, while IT, infrastructure, oil and gas and pharma posted moderate advances; PSU banks, media and consumer durables slipped, capping the breadth with declines marginally outpacing advances (1,940 vs 1,916).

Macro signals were mixed. The rupee weakened to 94.85 per dollar by the close, and commentary highlighted elevated Brent crude near $114 as a key pressure point for India’s import bill and inflation risks, alongside sustained FII outflows. Markets also stayed attentive to the US Fed policy decision and guidance, given the impact on global rates, the dollar and risk appetite.

In this backdrop, several of the day’s sharp losers reflected stock-specific profit-taking near highs and post-event selling, particularly in small-caps after results or disclosures, even as frontline indices held firm.

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