Top Losers Today 16-Oct-2026: NSE, BSE Market Movers

Introduction

Nifty 50 closed at 23,146.15 (+0.65%) while the BSE Sensex rose 413.66 points to 74,729.27 (+0.56%) on Friday, led by a sharp rally in IT stocks. Despite the headline gains, broader market participation was weaker, with midcap and smallcap indices ending marginally lower, pointing to a narrow, large-cap driven session. Sectorally, Nifty IT outperformed, while Oil and Gas was the key laggard, with FMCG and Pharma also finishing in the red.

Large Cap Top Losers

Power Finance Corporation Ltd (-2.70%) PFC slipped as investors rotated out of rate-sensitive financials and PSU-linked names even as the benchmark indices were led higher by IT heavyweights. The stock also traded close to its 52-week low zone (Rs 313.50), which typically draws incremental selling when momentum turns risk-off in broader markets.

Britannia Industries Ltd (-2.32%) Britannia fell in line with weakness in consumer names, with Nifty FMCG ending lower on the day. The stock is also hovering near its 52-week low (Rs 4,736), and the proximity to that support level can trigger fresh risk reduction from investors focused on capital protection.

Interglobe Aviation Ltd (-2.23%) InterGlobe Aviation declined as the session’s leadership narrowed to IT while several non-IT cyclicals and defensives underperformed. With Oil and Gas the worst-performing sectoral pocket on the day, investors also stayed cautious on fuel-sensitive business models, keeping airline stocks under pressure.

SBI Funds Management Ltd (-2.18%) SBI Funds Management dropped as the market rally remained narrow and broader indices were weak, a setup that often leads to pruning in market-linked financials. The stock also saw elevated activity with 45.16 lakh shares traded, indicating active repositioning rather than a quiet drift.

BSE Ltd (-1.90%) BSE corrected as traders booked profits in capital market plays amid softness in mid and small caps, which can dampen risk appetite outside the IT pocket. The counter also saw heavy turnover at 46.38 lakh shares, signalling that the decline was accompanied by meaningful selling volumes.

Mid Cap Top Losers

Apar Industries Ltd (-5.14%) Apar Industries slid as the broader midcap space stayed under pressure despite gains in the frontline indices. The stock has been off its 52-week high (Rs 19,269.20), and the sharp move suggests a profit-booking wave in high-beta industrial names during a narrow-market rally.

HDB Financial Services Ltd (-4.81%) HDB Financial declined as investors cut exposure to NBFC counters while the day’s leadership remained concentrated in IT. The stock also traded near its 52-week low (Rs 507.00), and such levels often amplify volatility when sellers dominate.

L&T Finance Ltd (-3.56%) L&T Finance fell on heavy volumes of 2.49 crore shares, pointing to aggressive selling rather than a low-liquidity dip. With Nifty Bank largely flat and the broader market soft, investors appeared to reduce positions in retail-lending plays.

Ipca Laboratories Ltd (-3.51%) Ipca Laboratories dropped as Nifty Pharma ended lower, keeping sector tailwinds muted for drugmakers. The decline came with moderate volumes, indicating steady profit-taking rather than a single headline-driven move.

Mankind Pharma Ltd (-3.39%) Mankind Pharma extended its decline as investors trimmed pharma exposure amid a mildly negative sector close. The stock’s move also reflects the broader pattern of capital shifting to IT for the session, leaving other defensives weaker.

Small Cap Top Losers

Amal Ltd (-20.00%) Amal hit its 20% lower circuit, indicating a one-sided sell-off where supply overwhelmed demand within the day’s permitted price band. The fall also stood out versus the broader market’s positive close, suggesting the move was stock-specific and driven by liquidity and order imbalance rather than an index-led decline.

OCCL Ltd (-13.49%) OCCL sank sharply after a steep intraday drop from the prior close levels highlighted in market tape data, reflecting aggressive unwinding in a volatile smallcap session. The selling came with strong volumes of 15.99 lakh shares, consistent with a high-intensity move rather than routine profit-taking.

Cyient DLM Ltd (-12.24%) Cyient DLM fell a day after reporting Q2 FY27 results, despite revenue rising to Rs 393.1 crore (+26.5% YoY) and an all-time high order book of Rs 2,813.7 crore. The sell-off suggested investors focused on near-term profitability metrics, with EBITDA at Rs 34.2 crore translating to an 8.7% margin, prompting a sharper-than-usual post-results reset.

Viviana Power Tech Ltd (-11.87%) Viviana Power Tech extended its decline as the broader smallcap space remained weak even while Nifty ended higher, intensifying downside in higher-volatility counters. The move also reflected a sharp gap and continued intraday pressure, with the stock swinging within a wide day range as sellers stayed in control.

Sejal Glass Ltd (-9.96%) Sejal Glass dropped after it published its unaudited standalone and consolidated financial results and limited review report for the quarter and half year ended September 30, 2026 in newspapers on October 15, following board approval on October 13. The sharp fall indicates the market reassessed the reported numbers and positioning after the disclosure, with the stock sliding toward the lower end of its recent trading range.

Market Overview

Nifty 50 ended at 23,146.15 (+0.65%) and the Sensex closed at 74,729.27 (+0.56%), supported mainly by IT where heavyweight moves drove index gains. However, the rally was not broad-based, with midcaps and smallcaps finishing slightly in the red, a sign that risk appetite outside the index leaders was limited.

On sectoral performance, Nifty IT led with a strong jump, while Oil and Gas was the weakest pocket. FMCG and Pharma also ended lower, aligning with the day’s loser list that included Britannia, Ipca Laboratories and Mankind Pharma.

Institutional flow numbers (FII and DII) were not available in the provided data. India VIX eased marginally, indicating stable near-term risk pricing even as stock-specific volatility spiked sharply in select smallcaps that hit deep cuts and circuit-level moves.

Explore More Market Movers

Readers can explore the complete list of market movers here:

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