Top Losers Today 28-Oct-2026: Biggest NSE Declines

Introduction

Indian equities remained under pressure on 28 October, with the supplied 2:23 PM market update placing the Nifty 50 at 22,684.15, down 0.29%, and the Sensex at 73,242.30, down 0.48%. Breadth was near-balanced, with 254 advances against 244 declines on the BSE 500. IT, FMCG and energy were the principal weak sectors, which was reflected in declines in Infosys, Pidilite Industries, Reliance Industries and Varun Beverages; no FII or DII flow figure was provided.

Large Cap Top Losers

Pidilite Industries Ltd (-4.13%)

Pidilite fell as FMCG stocks faced sector-wide selling, with the supplied market update showing Nifty FMCG down 0.97% at 2:23 PM. No company-specific announcement was provided, making the FMCG sell-off the identified catalyst for the decline to Rs. 1,392.00.

Bajaj Holdings & Investment Ltd (-3.54%)

Bajaj Holdings declined 3.54% to Rs. 10,450.00 without a company-specific news trigger in the supplied data. The fall occurred in a session in which benchmark indices were lower, while its relatively low volume of 28.37 K indicates that the data does not establish an unusual-volume catalyst.

Reliance Industries Ltd (-3.46%)

Reliance Industries dropped as energy and oil and gas stocks were under selling pressure, with Nifty Energy down 0.91% in the afternoon market update. The stock closed at Rs. 1,158.50 on volume of 2.42 crore shares, showing that the sector-led move affected a heavily traded index heavyweight.

Infosys Ltd (-3.34%)

Infosys declined amid broad IT-sector selling, with Nifty IT down 2.46% at 2:23 PM and identified as the day's weakest sector. The stock ended at Rs. 1,123.15 with 1.62 crore shares traded, as selling in software exporters weighed on the large-cap IT bellwether.

Varun Beverages Ltd (-3.25%)

Varun Beverages fell alongside the broader FMCG weakness, as the Nifty FMCG index declined 0.97% in the supplied intraday update. No company-specific disclosure was provided, while volume of 46.17 lakh shares accompanied the decline to Rs. 405.00.

Mid Cap Top Losers

Steel Authority of India Ltd (-5.66%)

Steel Authority of India fell 5.66% as metal stocks were under pressure, with Nifty Metal down 0.41% in the supplied market update. Heavy turnover of 2.52 crore shares accompanied the move to Rs. 161.80, but no company-specific announcement was provided.

Sterlite Technologies Ltd (-3.78%)

Sterlite Technologies declined 3.78% to Rs. 878.65 with no verified company-specific catalyst included in the supplied data. The 15.49 lakh-share volume documents active trading, while the broader market's negative tone provides the available context for the move.

Jindal Stainless Ltd (-3.76%)

Jindal Stainless dropped 3.76% in line with weakness in the metal index, which was down 0.41% during the session. No company-specific disclosure was supplied, and 9.64 lakh shares traded as the stock closed at Rs. 682.85.

Indus Towers Ltd (-3.53%)

Indus Towers fell 3.53% to Rs. 370.50 without a company-specific news item in the provided material. Trading volume was 85.25 lakh shares, indicating substantial activity, but the supplied data does not identify a separate corporate catalyst.

Petronet LNG Ltd (-3.42%)

Petronet LNG declined as energy stocks were sold, with Nifty Energy lower by 0.91% in the afternoon update. The stock closed at Rs. 284.90 on volume of 20.72 lakh shares; no company-specific announcement was provided.

Small Cap Top Losers

Gandhar Oil Refinery (India) Ltd (-17.29%)

Gandhar Oil Refinery plunged after publishing its Q2 FY27 results, despite reporting record quarterly revenue of Rs. 1,847 crore, up 73% year-on-year, and first-half PAT of about Rs. 392 crore. The result-day sell-off took the stock to Rs. 260.40 on 86 lakh shares, following its 4.88% rise on 27 October; the supplied exchange context also showed the stock in ASM-1.

Committed Cargo Care Ltd (-16.41%)

Committed Cargo Care dropped 16.41% to Rs. 285.05 without a company-specific announcement in the supplied material. The decline came on only 5.60 K shares, and the available context identifies no earnings, order, regulatory or other verified trigger for the move.

20 Microns Ltd (-14.41%)

20 Microns fell after approving its unaudited standalone and consolidated Q2 and first-half FY27 results, with the supplied disclosure not providing the detailed financial figures. Investors sold the stock to Rs. 160.95 on 11.71 lakh shares after the results approval, making the earnings event the clear timing catalyst.

Yasho Industries Ltd (-13.70%)

Yasho Industries declined after approving unaudited standalone and consolidated Q2 and first-half FY27 results, although the supplied disclosure did not include detailed earnings figures. The stock closed at Rs. 3,290.20 on 3.97 lakh shares, with the available market context noting a sharp reversal even as select specialty-chemical peers had rallied on their September-quarter results.

Cartrade Tech Ltd (-12.68%)

CarTrade Tech fell despite reporting Q2 FY27 revenue of Rs. 213 crore, up 10% year-on-year, EBITDA of Rs. 76 crore, up 20%, and PAT of Rs. 66 crore, up 3%. Investors sold into the result update, pushing the stock to Rs. 2,463.00 on 49.79 lakh shares after a volatile session in which it traded between Rs. 2,301.10 and Rs. 2,912.30.

Market Overview

The supplied 2:23 PM update showed the Nifty 50 down 65.60 points, or 0.29%, at 22,684.15, while the Sensex was lower by 356.38 points, or 0.48%, at 73,242.30. Index pressure came from IT, FMCG and energy: Nifty IT fell 2.46%, Nifty FMCG lost 0.97% and Nifty Energy declined 0.91%. Infosys and Reliance Industries were among the principal Nifty drags.

The decline was not uniform across the market. Nifty Media rose 1.21%, while Nifty Auto and Nifty Pharma gained 1.05% and 0.96%, respectively; banks also provided support, with Nifty Bank up 0.53%. BSE 500 breadth was marginally positive at 254 advances versus 244 declines, and no quantified FII or DII flow data was supplied.

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