Top Nifty 50 losers today: NTPC (-2.10%), Tech Mahindra (-2.06%), Cipla (-1.52%), Dr. Reddy’s (-1.51%), SBI Life (-1.27%) among biggest decliners

Markets displayed mixed trends on Wednesday morning, with several Nifty 50 stocks facing selling pressure across sectors. As of 11:49 AM, NTPC, Tech Mahindra, Cipla, Dr. Reddy’s Laboratories, and SBI Life Insurance were among the top losers on the index.

NTPC led the declines, falling 2.10% to ₹359.25 after opening at ₹366.95. The stock hit a low of ₹358.45 during the session, reflecting weakness in the power sector.

Tech Mahindra followed with a 2.06% drop, trading at ₹1,425.45. The IT stock opened at ₹1,464.00 and touched a low of ₹1,423.35, amid broader profit-taking in technology counters.

Cipla slipped 1.52% to ₹1,488.25, down from its opening price of ₹1,507.00. The pharmaceutical stock saw a low of ₹1,485.00, continuing its downward trend.

Dr. Reddy’s Laboratories declined 1.51% to ₹1,800.05 after starting the day at ₹1,817.90. The stock hit a low of ₹1,752.65, signaling cautious sentiment in the pharma space.

SBI Life Insurance fell 1.27% to ₹1,537.35, with the stock opening at ₹1,564.30 and dipping to a low of ₹1,534.70, reflecting pressure on insurance stocks.

Other notable decliners on the Nifty 50 included Axis Bank, down 1.22% at ₹1,104.90, Tata Consumer Products, down 1.13% at ₹959.75, Bajaj Finance, down 1.08% at ₹8,969.00, Kotak Mahindra Bank, down 0.99% at ₹2,148.60, and Sun Pharma, down 0.81% at ₹1,730.45. These stocks contributed to the downward pull on the index.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.