Top Losers Today 29-Jun-2026: Stocks Dragging Market

Introduction

Nifty 50 closed at 23,946.25 (-0.46%) while Sensex fell 372.10 points to 76,728.37 (-0.48%) on Monday, as selling intensified in auto and financials. Market breadth was weak with 1,681 stocks advancing, 2,471 declining and 202 unchanged, reflecting broad-based profit booking. Sectorally, Nifty Auto dropped about 2% and PSU Bank, IT and Oil and Gas indices fell 1-1.5%, while Metal, Pharma and Healthcare outperformed with around 0.5-1% gains. Volatility stayed elevated ahead of the June 30 F&O expiry, with investors also tracking West Asia tensions and monsoon concerns.

Large Cap Top Losers

Hyundai Motor India Ltd (-3.45%) Hyundai Motor India fell as auto stocks led the market’s decline, with the Nifty Auto index shedding about 2% during the session. The drop tracked broader profit booking in cyclicals as headline indices slipped below the 24,000 mark on Nifty.

Kotak Mahindra Bank Ltd (-3.24%) Kotak Mahindra Bank slid as banking stocks were among the biggest drags on the benchmarks in a risk-off session ahead of the June 30 F&O expiry. The stock also saw heavy churn with 3.80 crore shares traded, signalling aggressive position unwinding.

Indian Oil Corporation Ltd (-3.23%) Indian Oil declined alongside other oil marketing companies as the Oil and Gas index fell 1-1.5% on the day. With Brent crude rising in early trade amid West Asia tensions (as per the day’s market context), investors marked down OMCs on concerns that higher crude can pressure marketing margins.

Bharat Petroleum Corporation Ltd (-2.94%) BPCL slipped in tandem with the broader OMC pack as oil and gas stocks remained under pressure. The move came as traders reacted to crude price volatility and geopolitics, which can swing near-term profitability assumptions for fuel retailers.

Mahindra & Mahindra Ltd (-2.79%) M&M fell as investors cut exposure to auto names after the sector index posted the sharpest decline among major indices. The stock’s drop was in line with the session narrative where autos and banks dragged benchmarks lower.

Mid Cap Top Losers

Persistent Systems Ltd (-11.20%) Persistent Systems tumbled to a fresh 52-week low after it announced a cash takeover offer for German digital engineering firm Nagarro SE at €81 per share, valuing the deal at about €1.27 billion. Investors sold the stock as multiple reports flagged Street concerns around integration execution, lower margin comfort at the acquired business and a potential increase in leverage despite management’s EPS accretion guidance.

Astral Ltd (-8.03%) Astral slid sharply as midcaps came under pressure in a consolidation session, with traders cutting exposure to cyclical and rate-sensitive names. The fall was accompanied by elevated activity (39.32 lakh shares), pointing to position unwinding into month-end and F&O expiry-related volatility.

Supreme Industries Ltd (-6.66%) Supreme Industries dropped as selling broadened in midcaps amid weaker market breadth and profit booking at higher index levels. The stock ended near its 52-week low zone (low of Rs 3,177.20 versus close at Rs 3,195.90), which typically accelerates stop-loss selling once key supports are tested.

Hindustan Petroleum Corporation Ltd (-4.71%) HPCL declined with other OMCs as the Oil and Gas index fell 1-1.5% and crude remained volatile in the backdrop of West Asia tensions. Investors typically de-rate fuel retailers when crude firming raises the risk of near-term margin pressure.

P I Industries Ltd (-4.40%) PI Industries fell as the session’s macro overhang included a weak monsoon outlook and margin sensitivity concerns flagged in the broader market commentary. The stock also closed close to its 52-week low range (Rs 2,554 versus close Rs 2,566), which can trigger additional technical selling.

Small Cap Top Losers

Enkei Wheels India Ltd (-11.72%) Enkei Wheels India plunged as auto-linked stocks faced broad selling pressure, with the Nifty Auto index falling about 2% on the day. The stock’s decline also kept it close to its 52-week low zone (Rs 319 versus close Rs 352), which often draws aggressive de-risking in smaller names.

Bhilwara Technical Textiles Ltd (-9.99%) Bhilwara Technical Textiles fell nearly 10%, a move consistent with smallcap volatility on a day when declines outnumbered advances across the market. With no specific company trigger in the provided updates, the slide appears driven by risk reduction and limited liquidity, which can amplify one-way moves.

Twamev Construction & Infrastructure Ltd (-9.93%) Twamev Construction dropped to the cusp of a fresh 52-week low (52-week low Rs 15.32; close Rs 15.33), indicating a technical breakdown. Such moves tend to trigger stop-loss selling, and the high volume of 29.63 lakh shares suggests forced unwinding as the stock approached its lower circuit zone.

Netweb Technologies India Ltd (-9.87%) Netweb Technologies fell about 10% after it informed exchanges that its board will meet on July 1 to consider one or more fund-raising options, including QIP, FPO, rights issue or other routes. Investors reacted to the possibility of equity dilution and supply overhang, extending the selloff in the high-beta, recently strong-performing stock.

Blue Cloud Softech Solutions Ltd (-9.61%) Blue Cloud Softech slid close to 10% amid sharp smallcap swings, with volumes jumping to 1.08 crore shares indicating heavy churn. In the absence of a specific corporate trigger in the provided news, the move points to liquidity-driven selling and position unwinding into month-end volatility.

Market Overview

Indian equities snapped a two-day gaining streak, with Nifty closing below 24,000 and Sensex down 0.48% as sellers dominated through the session. Market breadth underscored the weakness, with 2,471 declines versus 1,681 advances, even as defensive pockets like pharma, healthcare and metals held up better.

Sector rotation was clear: autos led losses (around 2% down), while PSU Bank, Media, IT and Oil and Gas fell 1-1.5% as investors reduced risk ahead of the June 30 F&O settlement. The day’s macro backdrop remained mixed, with participants weighing crude oil volatility and West Asia geopolitical risks against domestic concerns such as a deficient monsoon and its potential impact on inflation and corporate margins.

Explore More Market Movers

Readers can explore the complete list of market movers here: https://www.multibagg.ai/market-movers/top-gainers