Top Losers Today 22-Oct-2026: NSE Stocks Hit Hard

Introduction

Nifty 50 closed at 22,666.55 (-0.63%) and Sensex ended at 73,292.13 (-0.57%) on Thursday, 22 Oct 2026, as selling broadened across the tape on weekly expiry. Market breadth stayed weak with 940 stocks advancing versus 2,540 declining and 114 unchanged on the NSE (as of 14:35 IST). The day’s biggest drags came from FMCG, IT, metals, autos and oil and gas, while defensives like pharma and banking held up relatively better.

Large Cap Top Losers

Hitachi Energy India Ltd (-3.88%) Hitachi Energy India declined as capital-goods names stayed under pressure in a broad risk-off session where cyclical sectors saw heavier cuts. The stock’s fall came with active volumes (2.25 lakh shares), signalling a decisive down day rather than a low-liquidity move.

Bharat Heavy Electricals Ltd (-2.85%) BHEL slipped alongside weakness in capital goods, with investors trimming exposure to PSU industrials during a market-wide decline. Heavy turnover (1.54 crore shares) suggested aggressive unwinding and intraday supply at lower levels.

Reliance Industries Ltd (-2.59%) Reliance Industries fell and featured among the top contributors to the Nifty 50’s decline, as traders cut risk in index heavyweights. The move coincided with the market’s macro overhang of elevated crude prices and geopolitical tensions, which kept overall positioning cautious.

Adani Energy Solutions Ltd (-2.49%) Adani Energy Solutions dropped as selling pressure extended to power-infrastructure plays despite relative resilience in the broader infrastructure basket. Volumes of 24.29 lakh shares indicated sustained selling through the session.

Avenue Supermarts Ltd (-2.40%) Avenue Supermarts weakened in a session where FMCG was among the worst-performing sectors. The stock closed near its 52-week low zone (52-week low: Rs 3,150), reflecting investor caution on expensive defensives during a broad market drawdown.

Mid Cap Top Losers

KEI Industries Ltd (-8.49%) KEI Industries sank sharply as the sell-off deepened in midcaps, with traders reacting to a momentum breakdown and a slide towards its 52-week low zone (52-week low: Rs 3,730). The drop came on strong volumes of 35.85 lakh shares, consistent with stop-loss selling and de-risking.

Cupid Ltd (-5.98%) Cupid extended its fall on very heavy turnover (2.32 crore shares), pointing to active distribution rather than a routine decline. With no specific company announcement in the provided updates, the move appeared driven by high-volume unwinding amid broader midcap weakness.

Swiggy Ltd (-5.01%) Swiggy fell for another session, tracking a broader risk-off move in mid and small caps, and edged closer to its 52-week low (Rs 207.75). The stock also saw elevated activity at 2.81 crore shares, indicating aggressive selling into liquidity.

HFCL Ltd (-4.98%) HFCL declined as telecom and network-equipment names came under pressure in a weak tape. The fall was backed by 74 lakh shares of volume, highlighting sustained supply through the day.

Sterlite Technologies Ltd (-4.93%) Sterlite Technologies dropped in tandem with the broader correction in telecom and optical-fibre related counters. With 34.57 lakh shares traded, the move reflected broad-based selling rather than a single block-driven print.

Small Cap Top Losers

eMudhra Ltd (-20.00%) eMudhra hit the lower circuit and a fresh 52-week low (Rs 345.25) as investors reacted to disclosures around a security flaw affecting eight intermediate certificates in its global TLS business and subsequent actions by browser root programmes. Separate reports also cited that the Ministry of Electronics and Information Technology constituted a special team to investigate the incident, keeping regulatory scrutiny in focus even as the company said Indian DSC and eSign services were unaffected.

Tinna Rubber & Infrastructure Ltd (-15.23%) Tinna Rubber slid sharply as the stock traded ex-interim dividend on 22 Oct 2026, which mechanically reduces the share price by the dividend amount and often amplifies volatility in small caps. The decline also came alongside a broader market sell-off, which typically tightens liquidity and magnifies price swings.

Swastika Infra Ltd (-12.96%) Swastika Infra dropped a day after it filed and its board approved unaudited financial results for the quarter and half-year ended 30 Sep 2026, along with limited review reports (21 Oct). The sharp post-results reaction suggests investors reassessed the numbers and repositioned quickly, with 10.63 lakh shares changing hands.

Tatva Chintan Pharma Chem Ltd (-11.82%) Tatva Chintan Pharma Chem fell as chemicals underperformed in the broader market correction, and the stock continued a short-term downtrend highlighted in recent trading updates. The move came on 4.75 lakh shares of volume, indicating sustained selling pressure through the session.

Supershakti Metaliks Ltd (-11.11%) Supershakti Metaliks fell on extremely thin trading volume (300 shares), making the price more sensitive to small sell orders. With no company-specific news in the provided updates, the move was largely driven by illiquidity and the wider small-cap risk-off tape.

Market Overview

Benchmark indices ended lower with Nifty 50 at 22,666.55 (-0.63%) and Sensex at 73,292.13 (-0.57%), after remaining under pressure through the session. The sell-off was linked to mixed global cues, persistent crude-oil strength and escalating West Asia tensions that raised concerns about supply disruptions, while the rupee opened marginally weaker at 94.47 per US dollar.

Sectorally, the worst pockets included FMCG, IT, metals, autos, PSU banks and oil and gas, while pockets like pharma and realty showed relative resilience during the day’s pullback. Broader markets underperformed, with midcap and smallcap indices also falling over 1% at points during the session.

Market breadth underscored the risk-off tone: as of 14:35 IST, 2,540 stocks were declining versus 940 advancing on the NSE, keeping the advance-decline ratio firmly negative.

Explore More Market Movers

Readers can explore the complete list of market movers here:

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