Top Losers Today 08-May-2026: SBI, Dalmia slide

Introduction

Nifty 50 closed at 24,176 (down about 0.6%) while Sensex fell 516 points to 77,328 (down about 0.6%) on 08 May 2026 as investors cut exposure to economically sensitive sectors amid fresh Iran-US war escalation headlines. Market breadth was mixed with about 1,253 shares advancing, 1,002 declining and 186 unchanged in early trade, while volatility picked up with India VIX rising around 2% to 16.92. Banking and financials, metals, oil and gas and other cyclicals dominated the losers list, reflecting a shift away from risk assets.

Large Cap Top Losers

State Bank of India (-6.62%) SBI sank after its Q4 earnings “failed to impress markets,” triggering a sharp de-rating in a session where banking and financial services were among the worst-hit sectors. The sell-off was amplified by risk-off positioning linked to the Middle East escalation, with investors trimming exposure to heavyweight lenders. The stock also saw heavy churn with 5.07 crore shares traded.

Britannia Industries Ltd (-5.02%) Britannia slid as FMCG names remained under pressure in a market that rotated out of defensives and into select pockets, leaving staple counters vulnerable to profit-taking. With no stock-specific update provided in today’s data, the move appeared driven by sector-wide weakness flagged in the session commentary.

Lupin Ltd (-3.33%) Lupin declined even as parts of healthcare showed resilience, indicating stock-specific profit-taking rather than a broad pharma sell-off. The counter was trading close to its recent peak zone (52-week high at Rs 2,475), and the drop suggests traders locked in gains as overall risk appetite cooled.

Vedanta Ltd (-2.91%) Vedanta fell as metals and oil and gas stocks led the decline during the session, with crude prices above $100 per barrel and geopolitical risk driving caution on commodity-linked cyclicals. The stock also hovered near its 52-week low (Rs 296), underscoring persistent pressure in the name.

GE Vernova T&D India Ltd (-2.63%) GE Vernova T&D India eased as selling pressure was reported in power-linked pockets amid broader market weakness. After trading near a fresh high recently (52-week high Rs 4,849.85), the decline reflected profit-taking alongside the day’s defensive shift.

Mid Cap Top Losers

Dalmia Bharat Ltd (-6.79%) Dalmia Bharat dropped sharply as cement and other economically sensitive plays saw selling in a session dominated by geopolitical-risk headlines and higher energy-price concerns. The broader tape showed pressure on cyclicals, and Dalmia’s fall stood out on active volumes of 17.45 lakh shares.

Escorts Kubota Ltd (-6.08%) Escorts Kubota slid as investors reduced exposure to rate-sensitive and demand-linked counters amid heightened uncertainty and a risk-off tone in equities. With no company-specific announcement provided in today’s dataset, the move aligned with the session’s cyclicals drawdown.

Blue Star Ltd (-3.19%) Blue Star declined as traders pared positions in discretionary and consumer-facing midcaps during a weak benchmark close. The stock’s pullback came with relatively active trading (10.65 lakh shares), consistent with short-term de-risking.

Voltas Ltd (-2.90%) Voltas fell alongside other consumption-linked names as the market’s focus shifted to risk management following the spike in volatility (India VIX up about 2%). With no incremental corporate trigger in the provided news flow, the decline appeared driven by broad-market positioning.

PB Fintech Ltd (-2.49%) PB Fintech slipped as financial services remained under pressure, mirroring the weakness seen across banks and lenders in the session commentary. The stock saw steady activity with 20.96 lakh shares traded as investors trimmed growth-sensitive financial names.

Small Cap Top Losers

Rossell Techsys Ltd (-12.86%) Rossell Techsys plunged as it emerged as the steepest loser in the BSE ‘B’ group list during the session, with the move driven by sharp selling rather than any reported corporate catalyst in the provided news flow. The fall came with elevated activity (2.88 lakh shares), pointing to a momentum unwind after a strong run from its 52-week low.

NGL Fine Chem Ltd (-11.69%) NGL Fine Chem tumbled after recently trading near its peak zone, with the day’s drop reflecting a sharp correction in a stock that has posted strong gains over the past year per the supplied context. With no fresh company update cited in the dataset, the move looked like profit-taking and risk reduction in a volatile tape.

Globus Spirits Ltd (-11.40%) Globus Spirits fell a day after reporting Q4 results, even though profit rose to Rs 21 crore from Rs 5 crore a year earlier and EBITDA climbed 74% with margin improving to 7.8%. Investors appeared to focus on the earnings presentation disclosures that the P&A segment remained EBITDA-negative despite volume growth, triggering a sell-the-news reaction after the results and dividend announcement (Rs 6.53 per share).

STL Networks Ltd (-9.98%) STL Networks dropped after the board approved audited Q4 and FY2026 financial results and related disclosures, while also re-appointing KPMG Assurance and Consulting LLP as internal auditor for FY2026-27. Despite an unmodified audit opinion and confirmation of nil deviation on NCD proceeds, the stock opened sharply lower and traded heavy (1.56 crore shares), suggesting the market was not satisfied with the financial outcome implied by the audited filing.

Team India Guaranty Ltd (-9.23%) Team India Guaranty slid close to 10% in thin trade (4,300 shares), a move often seen in illiquid smallcaps when sell orders dominate the order book. With no stock-specific news cited in the provided database feed, the fall appears to have been driven by order-book imbalance and risk-off positioning.

Market Overview

Indian equities extended losses for the second straight session on Friday, with Sensex closing at 77,328 (down 0.6%) and Nifty 50 ending at 24,176 (down 0.6%). The key macro overhang was the reported escalation in the Iran-US conflict, which pushed risk premiums higher and kept crude above $100 per barrel, contributing to caution in cyclicals.

Sectorally, banking, financial services, metals, oil and gas and other economically sensitive pockets led the decline, while select defensive areas such as healthcare and IT showed relative resilience in the broader market commentary. Volatility firmed up with India VIX rising about 2% to 16.92, reflecting higher demand for hedges into the weekend.

Broader markets continued to show relative strength versus benchmarks in the session narrative even as heavyweight stocks dragged indices lower, highlighting stock-specific action and ongoing rotation within the market.

Explore More Market Movers

Readers can explore the complete list of market movers here:

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