Top losers today: netweb at ₹4,264.50 plunges 8.60%, wipro at ₹181.76 falls 8.37%, IFCI at ₹73.80 drops 7.29%
The Indian stock market witnessed a downturn today with both the Sensex and Nifty indices showing declines. The Sensex fell by 0.97% to 73,524.26, while the Nifty 50 dropped by 1.04% to 23,123.00. Among the top losers, Netweb Technologies India, Wipro, and IFCI stood out, experiencing significant declines in their stock prices.
Biggest decliners today
Netweb Technologies India led the list of top losers, with its stock price falling by 8.60% from its opening price of ₹4,480.10 to a current level of ₹4,264.50. The stock reached a high of ₹4,569.00 and a low of ₹4,232.30 during the session. Wipro, a major player in the IT sector, also saw a substantial decline of 8.37%, with its stock price dropping from ₹193.39 to ₹181.76. The stock’s high and low were ₹193.89 and ₹181.00, respectively.
IFCI, a prominent financial services company, experienced a 7.29% decrease in its stock price, moving from ₹78.00 to ₹73.80. The stock’s high for the day was ₹79.06, and it touched a low of ₹73.25. Gujarat State Petronet, operating in the energy sector, saw its stock price decline by 7.13%, closing at ₹268.35 from an opening of ₹287.55. Muthoot Finance, a key player in the finance sector, recorded a 5.98% drop, with its stock price falling from ₹3,081.80 to ₹2,964.70.
Sectoral patterns
The IT sector was notably affected, with Firstsource Solutions and Tejas Networks experiencing declines of 5.97% and 5.85%, respectively. Firstsource Solutions’ stock opened at ₹264.00 and closed at ₹252.00, while Tejas Networks saw its stock price fall from ₹561.95 to ₹542.50. In the telecommunications sector, Tata Teleservices (Maharashtra) recorded a 5.81% decrease, with its stock price moving from ₹45.35 to ₹43.48.
Jindal Saw, operating in the industrial sector, saw its stock price decline by 5.77%, closing at ₹236.10 from an opening of ₹248.00. Anant Raj, involved in the real estate sector, experienced a 5.75% drop, with its stock price falling from ₹557.00 to ₹537.30.
| Stock | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Netweb | 4,480.10 | 4,569.00 | 4,232.30 | 4,264.50 | -8.60% |
| Wipro | 193.39 | 193.89 | 181.00 | 181.76 | -8.37% |
| IFCI | 78.00 | 79.06 | 73.25 | 73.80 | -7.29% |
| GSPL | 287.55 | 290.00 | 257.15 | 268.35 | -7.13% |
| Muthoot Finance | 3,081.80 | 3,113.90 | 2,951.00 | 2,964.70 | -5.98% |
| Firstsource Solutions | 264.00 | 264.00 | 249.75 | 252.00 | -5.97% |
| Tejas Networks | 561.95 | 576.85 | 536.50 | 542.50 | -5.85% |
| Tata Teleservices (Maharashtra) | 45.35 | 45.35 | 43.00 | 43.48 | -5.81% |
| Jindal Saw | 248.00 | 248.00 | 234.15 | 236.10 | -5.77% |
| Anant Raj | 557.00 | 558.00 | 531.50 | 537.30 | -5.75% |
What this means for the market
The significant declines in key stocks, particularly in the IT and finance sectors, suggest a cautious sentiment among investors. The overall market mood remains subdued, with the Sensex and Nifty both in the red. As the session progresses, market participants will be closely watching for any signs of recovery or further declines. The performance of these sectors could provide insights into broader economic trends and investor confidence.
Data as on Jun 8, 2026, 03:35 PM IST.
Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.
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