Top Losers Today 22-May-2026: Biggest NSE Fallers

Introduction

Nifty 50 closed at 23,719.30 (+0.27%) while the Sensex added 231.99 points to end at 75,415.35 (+0.31%) on 22 May 2026. Despite the headline gains, the day’s biggest declines clustered in healthcare and pharma, alongside pockets of FMCG and oil and gas. Several counters in the broader market also saw sharp, liquidity-driven falls, with smallcaps locking at lower circuit levels.

Large Cap Top Losers

LTM Ltd (-2.89%) LTM Ltd slid as it drifted back toward its 52-week low zone (52W low: Rs 3909.05), a level that typically draws stop-loss selling when the stock fails to hold recent supports. The decline came on 5.16 lakh shares, indicating active supply into the fall rather than a low-volume dip.

Sun Pharmaceutical Industries Ltd (-2.43%) Sun Pharma fell as the pharma pack corrected sharply, with multiple drugmakers among the day’s steepest losers in the mid and smallcap space as well. The stock also pulled back from near its 52-week high (Rs 1917.15), and the drop coincided with heavy activity of 37.12 lakh shares.

Hitachi Energy India Ltd (-2.06%) Hitachi Energy India slipped after trading close to its 52-week high zone (Rs 36,766.00), as investors trimmed positions following a strong run-up. With the counter still far above its 52-week low (Rs 16,104.00), the move looked like a pullback from elevated levels rather than a breakdown.

ITC Ltd (-2.03%) ITC declined in a session where FMCG was cited among the drags on the benchmarks even as the indices closed higher. The stock remained near its 52-week low band (Rs 287.00) compared with the 52-week high (Rs 444.15), keeping risk appetite constrained for the name despite high volumes of 3.16 crore shares.

Oil & Natural Gas Corpn Ltd (-1.98%) ONGC slipped alongside the oil and gas space as crude prices weakened, with market commentary pointing to Brent crude declining below $105. Lower crude prices can translate into softer near-term realisations for upstream producers, prompting investors to pare exposure, even as the stock saw active trading of 1.20 crore shares.

Mid Cap Top Losers

Max Healthcare Institute Ltd (-6.26%) Max Healthcare dropped sharply as healthcare counters featured prominently among the day’s biggest decliners even though benchmarks ended in the green. The sell-off was accompanied by very high volume of 1.22 crore shares, signalling broad-based exiting rather than an isolated trade.

Glenmark Pharmaceuticals Ltd (-5.64%) Glenmark fell in tandem with the wider pharma drawdown, with multiple pharmaceutical names posting steep single-day cuts across market caps. The stock also retreated from its recent highs (52W high: Rs 2471.05), reflecting reduced risk-taking in the sector during the session.

Aurobindo Pharma Ltd (-5.29%) Aurobindo Pharma slid as investors sold into the pharma correction, after the stock had been trading closer to its 52-week high (Rs 1550.00) than its 52-week low (Rs 1017.00). The decline came on 31.70 lakh shares, underlining strong participation in the down move.

Welspun Corp Ltd (-4.33%) Welspun Corp weakened as industrial names saw sharp stock-specific cuts, with the counter reversing from near its 52-week high zone (Rs 1409.95). Volumes of 26.20 lakh shares suggested the fall was driven by sizeable selling rather than a thinly-traded drop.

L&T Technology Services Ltd (-4.24%) L&T Technology Services declined as IT was flagged among the sectors dragging the market on the day, contrasting with strength in banks and autos. The stock’s move lower also kept it well below its 52-week high (Rs 4746.95), reinforcing the underperformance trend within parts of the IT basket.

Small Cap Top Losers

Le Merite Exports Ltd (-19.52%) Le Merite Exports cracked nearly 20% to Rs 274.60, sliding to the edge of its 52-week low (Rs 273.00), a sign of a decisive breakdown below key support levels. The fall happened on a large 15.47 lakh shares, pointing to aggressive selling pressure into the decline.

India Gelatine & Chemicals Ltd (-14.28%) India Gelatine & Chemicals fell after the company reported a sharp year-on-year drop in March 2026 standalone net sales to Rs 38.98 crore, down 26.68% YoY. Investors looked past the board’s recommendation of a Rs 6 final dividend and focused on the weaker quarterly revenue run, which drove the stock lower.

Suraj Ltd (-11.14%) Suraj Ltd dropped 11.14% on very thin trading volume of 1.62 thousand shares, which can amplify price swings when buy orders dry up. The stock’s outsized move versus liquidity highlighted a sharp imbalance between sellers and bids during the session.

SMS Pharmaceuticals Ltd (-10.54%) SMS Pharmaceuticals slid as the market reacted to a mixed earnings profile, with reports indicating Q4 profit was largely flat year-on-year while revenue and EBITDA eased. The counter also saw heavy trading of 22 lakh shares, reflecting active repositioning after the results.

Pramara Promotions Ltd (-9.98%) Pramara Promotions fell to Rs 178.15 and traded at the same price through the session, signalling it was locked at its lower circuit with limited buy interest. With just 28 thousand shares changing hands, the move reflected a liquidity-constrained sell-off rather than a broad two-way market.

Market Overview

Indian equities ended higher on Friday, with the Sensex closing at 75,415.35 (+0.31%) and the Nifty 50 at 23,719.30 (+0.27%), after the index oscillated within the day’s range of 23,671 to 23,835. Market commentary also pointed to supportive macro cues, including Brent crude moving below $105 and an appreciating rupee.

Sectorally, the session showed a split tape. Banks and select cyclicals supported the benchmarks, while IT and FMCG were among the drags, and healthcare counters saw notable declines in the losers’ list. In the broader market, several smallcaps registered sharp cuts on low-to-moderate liquidity, with some counters locking at circuit levels, underscoring stock-specific risk even on an up day for the indices.

Explore More Market Movers

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