Top Losers Today 23-Jul-2026: Stocks Under Pressure

Introduction

Nifty 50 closed at 23,996.25 (-0.79%) and the BSE Sensex fell 715.06 points to 76,755.05 (-0.92%) as the market extended its losing streak. Market breadth was weak, with about 887 shares advancing versus 1,303 declining (early-session data), reflecting broad-based risk reduction across mid and small caps as well. Financials and rate-sensitive pockets were key drags, while defensives like FMCG held up better. The risk-off tone was reinforced by higher crude prices amid escalating Middle East tensions, which kept equities under pressure through the session.

Large Cap Top Losers

Adani Green Energy Ltd (-6.30%) Adani Green fell sharply as investors cut exposure to higher-beta names during a session marked by elevated crude prices and a broad market sell-off. The stock also stayed well below its 52-week high of Rs 1,631.35, keeping pressure on near-term momentum. Trading volumes were heavy at 85.57 lakh shares, pointing to aggressive risk reduction rather than a low-liquidity move.

Adani Enterprises Ltd (-4.35%) Adani Enterprises slid as the market remained in risk-off mode amid geopolitical tensions and higher crude, which triggered selling in index heavyweights and cyclical plays. The decline came with 16.56 lakh shares traded, signalling sustained supply through the day. The stock’s pullback also followed a run towards its 52-week high of Rs 3,245.

GE Vernova T&D India Ltd (-3.31%) GE Vernova T&D dropped as power and capital goods counters saw profit-taking in a market where most sectoral indices ended in the red. The stock has corrected from its 52-week high of Rs 5,650, and Thursday’s fall came on 12.08 lakh shares of volume. The move suggested a cooling-off after a strong upcycle rather than a single-company announcement.

Shriram Finance Ltd (-3.17%) Shriram Finance declined in line with the day’s heavy selling in banking and financial stocks, which were among the biggest drags on the benchmarks. High traded volume of 66.05 lakh shares indicated broad institutional and trader participation in the sell-down. The stock also moved off its 52-week high of Rs 1,108, reflecting pressure across lenders and NBFCs.

CG Power & Industrial Solutions Ltd (-3.16%) CG Power fell as industrial and capex-linked stocks corrected in a session dominated by macro risk, including higher crude and global uncertainty. The stock traded 48.70 lakh shares and stayed below its 52-week high of Rs 981.15, indicating investors were locking in gains after the recent up move. Selling was consistent with the broader weakness seen across most non-auto sectors.

Mid Cap Top Losers

SRF Ltd (-8.74%) SRF sank as investors de-risked sharply from mid-cap industrial and chemicals-linked names in a session where mid and small-cap indices also fell over 1%. The drop came with 26.22 lakh shares traded, suggesting sustained selling pressure rather than a thin-trade decline. The stock also remained well off its 52-week high of Rs 3,257.95, keeping technical sentiment weak.

IndusInd Bank Ltd (-6.01%) IndusInd Bank fell as banking stocks remained among the biggest drags on the benchmarks, with Bank Nifty and other financial indices trading lower through the day. The stock saw heavy volume at 83.78 lakh shares, pointing to broad-based selling across the sector. The move reflected investors reducing exposure to lenders amid a risk-off tape.

Petronet LNG Ltd (-3.63%) Petronet LNG declined as crude prices climbed on fresh Middle East escalation, keeping the energy complex in focus and raising caution around fuel and gas-linked businesses. The stock traded 29.81 lakh shares as selling stayed steady. The fall tracked the wider market’s sensitivity to oil-led macro uncertainty.

Nippon Life India Asset Management Ltd (-3.43%) Nippon Life AMC dropped as financial services counters weakened alongside banks, and the broader market slide implied a risk of lower mark-to-market AUM and fee momentum in the near term. Volume of 28.82 lakh shares showed active participation in the decline. The stock’s move aligned with the day’s rotation away from market-linked cyclicals.

Thermax Ltd (-2.95%) Thermax slipped as capex and power-linked names faced pressure with most sectoral indices ending lower. The stock traded 1.14 lakh shares, indicating the decline was price-led rather than volume-led capitulation. It continued to trade below its 52-week high of Rs 5,277 amid the broader industrial pullback.

Small Cap Top Losers

Control Print Ltd (-12.64%) Control Print plunged after the company disclosed its Q1 FY27 unaudited results (standalone and consolidated) approved by the board on July 23, along with the auditors’ limited review. The sharp fall indicates the market was not comfortable with the earnings outcome or disclosures released alongside the results, prompting an immediate repricing. The stock also saw elevated activity with 11.00 lakh shares traded, signalling broad participation in the sell-off.

CIE Automotive India Ltd (-11.29%) CIE Automotive slid a day after it published its Q2 and H1 CY2026 investor presentation and approved unaudited financial results for the quarter and half-year ended June 30, 2026. Despite the presentation highlighting higher consolidated sales and PAT, the stock corrected sharply as investors digested the numbers and took profits in a weak tape. The fall came on very high volume of 1.41 crore shares, underlining aggressive distribution.

Waterways Leisure Tourism Limited (-9.04%) Waterways Leisure dropped after it filed its Q1 FY27 unaudited earnings release and investor presentation, reporting consolidated revenue of Rs 1,901.12 million and PAT of Rs 227.73 million (EPS Rs 3.49). The sell-off suggests investors were pricing in near-term earnings risks after the results release, especially amid a broader small-cap downturn. The stock traded 7.65 lakh shares, with prices sliding close to the lower circuit level cited in market data.

Jindal Worldwide Ltd (-8.83%) Jindal Worldwide fell sharply without any specific company announcement in the provided news flow, indicating the move was driven by trading and positioning. The stock saw heavy churn with 1.93 crore shares traded, consistent with a momentum unwind in a weak small-cap market. The decline also pushed it further away from its 52-week high of Rs 41.95.

Purple Finance Ltd (-8.78%) Purple Finance declined after its recent Q1 results and corporate actions were absorbed by the market, including approval of unaudited Q1 numbers and the board’s steps on fundraising and the in-principle acquisition of Saksham Gram Credit. While the news flow included a private placement plan for up to Rs 20 crore in secured NCDs and acquisition-related approvals, the stock corrected as investors reassessed funding and execution risks in a risk-off session. Volumes were relatively low at 74.48 thousand shares, suggesting price impact from limited liquidity.

Market Overview

Indian equities closed lower for the fourth straight session, with the Sensex ending at 76,755.05 (-0.92%) and the Nifty 50 at 23,996.25 (-0.79%), below the 24,000 mark. The weakness was broad-based as mid-cap and small-cap indices also finished over 1% lower, reflecting reduced risk appetite across the market.

Sectoral performance stayed under pressure for most of the day, with financials and banks among the biggest drags and several rate-sensitive and economically linked pockets also losing ground. Realty, IT and pharma were cited among the sharper sectoral laggards during the session, while FMCG held up as a defensive shelter.

Macro cues remained the dominant driver: crude oil prices moved higher amid escalating geopolitical tensions in the Middle East, which kept investors cautious and amplified the sell-down in cyclicals. Early-session breadth data showed decliners outpacing advancers (about 1,303 versus 887), underscoring the depth of the move.

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