Top Losers Today 23-Sep-2026: IT and smallcaps slide

Introduction

Nifty 50 closed at 23,459.35 (+0.19%) while Sensex ended nearly flat at 74,886.04 (+0.04%) on 23 September 2026, holding early gains through a steady session. The day’s index-level losers were led by IT names, with Infosys featuring among the Nifty 50 laggards alongside TCS and Wipro, indicating sector-specific pressure even as benchmark indices stayed green. India VIX dropped to 10.28 (-8.60%), signalling lower expected near-term volatility, while defensives such as ITC, Bharti Airtel and HUL topped the Nifty gainers list.

Large Cap Top Losers

One 97 Communications Ltd (-1.87%) The stock slipped as traders pared positions after it traded close to its recent highs, with the price still not far from its 52-week high of Rs 1,856.50. The decline came alongside relatively heavy turnover of 24.99 lakh shares, suggesting active profit-taking after the stock’s strong run from the 52-week low of Rs 947.10.

LTM Ltd (-1.72%) LTM declined as the stock continued to correct from elevated levels versus its 52-week high of Rs 6,430, indicating a broader pullback in the counter. Volumes of 3.16 lakh shares pointed to steady selling rather than a one-off block.

Solar Industries India Ltd (-1.33%) Solar Industries fell as investors booked gains after the stock’s sharp rally earlier in the cycle, with the price still well above its 52-week low (Rs 11,641.10) and below the 52-week high (Rs 22,630.05). The move played out with 3.50 lakh shares traded, reflecting follow-through selling at higher price zones.

HCL Technologies Ltd (-1.10%) HCL Tech eased in line with weakness across frontline IT stocks, as the session’s index data showed IT names among the Nifty’s key losers. The stock saw 29.35 lakh shares in volume, consistent with sector-led de-risking rather than stock-specific illiquidity.

Infosys Ltd (-1.03%) Infosys ended lower after being listed among the day’s top Nifty 50 losers, with IT peers such as TCS and Wipro also in the laggards list, highlighting sector-wide selling pressure. The stock’s 55.16 lakh shares in turnover underlined broad participation in the move, not a thin-trade dip.

Mid Cap Top Losers

Ather Energy Ltd (-2.81%) Ather Energy fell as the stock extended a pullback from its higher levels, with the current price below the 52-week high of Rs 1,741.90. The decline came on an active 74.94 lakh shares, indicating sustained supply rather than a low-volume drift.

Persistent Systems Ltd (-2.55%) Persistent dropped as IT-linked midcaps traded weaker on a day when frontline IT names were among benchmark losers, pointing to sector-wide risk reduction. Volumes of 4.17 lakh shares suggested consistent selling across the session.

Swiggy Ltd (-2.09%) Swiggy declined despite very high activity of 2.57 crore shares, signalling that the day’s move was driven by heavy distribution rather than a lack of liquidity. The stock’s fall also kept it closer to the lower end of its 52-week band (low Rs 235.85) than the peak (high Rs 461.00).

Apar Industries Ltd (-2.01%) Apar Industries slipped as traders booked gains near the upper end of its 52-week range, with the stock still below the 52-week high of Rs 19,269.20 after recent strength. Volume was relatively modest at 1.40 lakh shares, implying the decline was driven by selective selling.

Sundaram Finance Ltd (-1.63%) Sundaram Finance moved lower amid limited participation, with volumes of 53.15 thousand shares pointing to a measured sell-down rather than panic selling. The stock remains off its 52-week high of Rs 5,640, suggesting an ongoing consolidation phase.

Small Cap Top Losers

TAAL Tech Ltd (-8.84%) TAAL Tech slid after a sharp reversal from elevated levels following a recent push toward its 52-week high zone (Rs 1,237.40), with selling accelerating as it moved toward the day’s low near Rs 1,080 as per trading range data. The decline came on 1.15 lakh shares, consistent with a momentum unwind after a strong run from the 52-week low of Rs 522.

Bluestone Jewellery & Lifestyle Ltd (-8.54%) Bluestone dropped sharply as the stock gave up ground after recently hitting a new 52-week or all-time high around Rs 970.55, triggering a quick pullback in a high-momentum counter. Turnover was heavy at about 1.00 crore shares, indicating broad-based selling rather than isolated trades.

Glass Wall Systems (India) Ltd (-7.31%) Glass Wall Systems fell after failing to hold near recent highs, with intraday prints showing a sharp move down from the prior close (around Rs 309) toward lows near Rs 278 even as it remained close to the 52-week high of Rs 318.00. The very large volume of 3.87 crore shares points to an aggressive repositioning day in the stock.

RDB Real Estate Construction Ltd (-6.68%) RDB Real Estate Construction declined on extremely thin volume of just 1.30 thousand shares, indicating the price move was amplified by limited liquidity and fewer bids. The stock is also far below its 52-week high of Rs 223.95, keeping it in a broader downtrend zone.

Halder Venture Ltd (-6.05%) Halder Venture slipped as the stock corrected from its recent higher levels, with the price still meaningfully below its 52-week high of Rs 311.55. Volumes of 65.56 thousand shares suggest steady selling pressure rather than a single large trade.

Market Overview

Indian equities ended marginally higher on 23 September 2026, with Nifty 50 at 23,459.35 (+0.19%) and Sensex at 74,886.04 (+0.04%). The market’s tone was steadier than recent sessions, reflected in India VIX falling 8.60% to 10.28, while Bank Nifty also finished in the green at 56,614.20 (+0.25%).

Leadership at the index level skewed defensive, as ITC (+1.54%), Bharti Airtel (+0.86%) and Hindustan Unilever (+0.84%) featured among top Nifty gainers. In contrast, the day’s underperformance was concentrated in information technology, with Infosys among the top Nifty 50 losers alongside TCS and Wipro, highlighting a clear sector split even though headline indices closed higher.

Explore More Market Movers

Readers can explore the complete list of market movers here:

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