Top Losers Today 03-Jul-2026: NSE stocks in focus

Introduction

Indian equities saw a split tape on 03 Jul 2026, with IT stocks leading gains while pockets of industrials and PSU banks came under pressure. During the session, the Sensex rose 655 points to cross 78,150 and the Nifty 50 gained over 200 points to trade at 24,378.15, helped by a softer-than-expected US jobs report that eased near-term Fed rate-hike worries. Market breadth in the broader space was mixed, with the Nifty Smallcap 100 up 0.23% and the Nifty Midcap 100 up 0.04% even as several power equipment and capital goods names saw sharp unwinding. FII and DII flow numbers were not available in the provided market snapshot.

Large Cap Top Losers

GE Vernova T&D India Ltd (-8.91%) GE Vernova T&D India slid after a June 24 finance memo allowed four Chinese firms to bid in state-run tenders for two years, a change that raised concerns over pricing intensity in high-voltage equipment. The policy-linked competition risk triggered a sharp re-rating in power T&D names that had rallied on strong domestic ordering expectations. Trading activity was heavy at 40.77 lakh shares, signalling broad-based unwinding.

Hitachi Energy India Ltd (-8.16%) Hitachi Energy India dropped after reports flagged two parallel policy overhangs: the government allowing four Chinese manufacturers with Indian plants to bid for critical power tenders, and a separate report suggesting the Centre may cut import duties on key equipment. Investors reacted to the potential impact on margins and pricing power for domestic incumbents in a segment where tender competitiveness is crucial. The stock saw active selling at 7.23 lakh shares.

Siemens Energy India Ltd (-6.92%) Siemens Energy India fell in tandem with other heavy electrical and power equipment stocks after the tender-rule change that lets certain Chinese manufacturers participate in critical power tenders. The market read-through was higher competitive pressure in EPC and equipment supply, which can compress margins in large-ticket projects. The move came with strong volumes of 19.65 lakh shares.

CG Power & Industrial Solutions Ltd (-6.87%) CG Power declined on the same policy shock that hit the power equipment pack, with the finance memo opening up tender participation for four Chinese firms for two years. Investors marked down expectations of favourable pricing in government and PSU-led tenders, where competition can quickly change bid economics. The stock was among the most actively traded names in the loser list with 2.67 crore shares.

Union Bank of India (-6.45%) Union Bank of India weakened amid a broader decline in PSU bank stocks, with the Nifty PSU Bank index down more than 1% in the session even as IT outperformed. In the absence of stock-specific news in the provided dataset, the fall appears linked to sector rotation away from PSU lenders on a day when defensives and IT drew incremental flows. Volume remained elevated at 3.54 crore shares, indicating aggressive repositioning.

Mid Cap Top Losers

Apar Industries Ltd (-6.09%) Apar Industries fell after a report said the Centre may cut import duties on key equipment, a development that can increase pricing pressure for domestic manufacturers and suppliers across the electrical and capital goods chain. Investors reacted by trimming positions in names linked to power sector capex where competitive intensity directly influences margins. The decline came on 2.99 lakh shares.

Thermax Ltd (-6.07%) Thermax slipped as capital goods stocks corrected on reports around potential import duty cuts on key equipment, which raised concerns over margin sustainability across the sector. The policy chatter triggered selling in companies exposed to project bidding and equipment pricing, where duty changes can reset competitive benchmarks. Volumes stood at 2.87 lakh shares.

PB Fintech Ltd (-5.25%) PB Fintech declined with a high-volume move of 2.51 crore shares, suggesting broad unwinding rather than a single headline catalyst in the provided news set. The market action points to traders cutting exposure in a stock that had been actively traded, with sharp intraday supply overwhelming bids. With no company-specific update cited in the dataset, the fall appears driven by flow-led selling.

Welspun Corp Ltd (-3.89%) Welspun Corp eased as investors booked profits after the stock traded close to its 52-week high zone (₹1,540.85), which often invites selling once momentum stalls. The drop came without a specific fresh trigger in the provided news, indicating a technical pullback amid mixed broader-market leadership. Volume was 11.83 lakh shares.

Multi Commodity Exchange of India Ltd (-3.70%) MCX fell on heavy activity of 41.10 lakh shares, pointing to active trading and possible derivatives-related unwinding even without a specific headline in the provided dataset. The counter has seen sharp moves in recent periods, and the day’s decline reflects risk reduction as sector leadership stayed concentrated in IT and defensives. The stock remains well above its 52-week low (₹1,461.00), highlighting that the move was a correction rather than a breakdown to new lows.

Small Cap Top Losers

National Standard (India) Ltd (-20.00%) National Standard (India) crashed 20% to hit the lower circuit and a fresh 52-week low (₹971.80) on unusually high activity versus its recent trading baseline, as highlighted in the provided market context. The sell-off coincided with weak earnings optics cited in the same context, which noted Q4 FY26 net profit fell 67.78% year-on-year to ₹1.16 crore, prompting a sharp reassessment of near-term fundamentals. Volume was 63.61 thousand shares, elevated for the counter.

TD Power Systems Ltd (-8.69%) TD Power Systems fell as selling spread across power-linked industrial names, with the broader heavy-electrical space reacting to policy changes that may intensify competition in critical power tenders. With no company-specific headline in the provided dataset, the move appears driven by sectoral spillover and profit-taking after a strong run toward the 52-week high (₹1,379.85). Volumes were relatively active at 28.14 lakh shares.

Wheels India Ltd (-7.64%) Wheels India declined as auto and consumer durable stocks were among the laggards in the session, according to the provided sectoral snapshot. With no negative company update cited, the drop looks like a sharp profit-booking move after the stock’s strong uptrend over the past year and proximity to the 52-week high (₹1,813.90). Volume stood at 4.50 lakh shares.

Ucal Ltd (-7.22%) Ucal slipped amid weakness in auto-linked counters, with investors reducing exposure to smaller auto ancillaries as the broader sector underperformed. The move lacked a specific news trigger in the provided dataset, suggesting a flow-driven correction. Trading volume was 48.33 thousand shares.

Clean Max Enviro Energy Solutions Ltd (-6.47%) Clean Max Enviro Energy Solutions declined in a risk-off pocket of the market that saw sharp stock-specific cuts despite broader indices holding up, a pattern typical when investors rotate to large-cap defensives like IT. In the absence of a fresh company announcement in the provided dataset, the fall is best explained by technical profit-taking after recent gains, with the stock still above its 52-week low (₹728.00). Volume was 2.90 lakh shares.

Market Overview

The session’s leadership remained narrow, with information technology stocks extending gains for a second day and the Nifty IT index rising about 3% on easing US rate-hike fears after a softer US jobs print. Healthcare and realty also traded higher, while the Nifty PSU Bank index fell more than 1%, reflecting rotation away from rate-sensitive financials even as headline benchmarks stayed supported.

Broader markets were mixed, with the Nifty Smallcap 100 up 0.23% and the Nifty Midcap 100 up 0.04% during the session, indicating selective buying beneath the surface. The day’s sharpest drawdowns were concentrated in power equipment and capital goods names, where policy headlines around tender eligibility and potential import duty cuts raised immediate concerns about pricing discipline and margin headroom.

Explore More Market Movers

Readers can explore the complete list of market movers here:

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