The Indian stock market witnessed a positive start today, buoyed by favourable global cues and a decline in global crude prices. The Nifty 50 surged past the 24,100 mark, while the Sensex gained over 300 points. Despite this overall positive sentiment, certain stocks faced significant declines, with Oil India, Hindustan Oil Exploration Company, and Vardhman Textiles leading the list of top losers.
Biggest decliners today
Oil India emerged as the biggest loser, with its stock price falling by 5.51% from its opening level, closing at ₹450.25. The stock experienced volatility, hitting a high of ₹476.45 and a low of ₹448.15 during the session. Hindustan Oil Exploration Company followed closely, with a 4.67% decline, closing at ₹153.78. The stock opened at ₹160.50 and fluctuated between ₹161.10 and ₹153.10.
Vardhman Textiles also faced pressure, slipping 4.11% to ₹609.90. The stock opened at ₹641.10 and traded within a range of ₹647.00 to ₹606.25. CREDITACCESS GRAMEEN saw a decline of 3.42%, ending at ₹1,471.60 after opening at ₹1,489.70. Aadhar Housing Finance rounded out the top five losers, dropping 3.35% to ₹500.10.
Sectoral patterns
Among the other notable decliners, Praj Industries and Apar Industries, both from the industrial sector, fell by 3.30% and 3.20% respectively. Praj Industries closed at ₹401.80, while Apar Industries ended the session at ₹12,384.00. The energy sector also saw declines with ONGC dropping 3.16% to ₹280.80.
| Stock | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Oil India | 473.40 | 476.45 | 448.15 | 450.25 | -5.51% |
| Hindustan Oil Exploration | 160.50 | 161.10 | 153.10 | 153.78 | -4.67% |
| Vardhman Textiles | 641.10 | 647.00 | 606.25 | 609.90 | -4.11% |
| CREDITACCESS GRAMEEN | 1,489.70 | 1,511.70 | 1,461.20 | 1,471.60 | -3.42% |
| Aadhar Housing Finance | 520.00 | 520.00 | 495.05 | 500.10 | -3.35% |
| Praj Industries | 421.00 | 422.50 | 398.25 | 401.80 | -3.30% |
| Apar Industries | 12,900.00 | 12,900.00 | 12,340.00 | 12,384.00 | -3.20% |
| ONGC | 289.95 | 290.25 | 280.00 | 280.80 | -3.16% |
| KPIT Technologies | 783.95 | 795.30 | 722.50 | 748.60 | -3.09% |
| Jyothy Labs | 267.60 | 268.00 | 256.50 | 257.45 | -2.94% |
What this means for the market
Despite the broader market’s positive performance, the declines in these stocks highlight sector-specific challenges, particularly in the energy and industrial sectors. Investors should monitor these sectors closely as the session progresses, especially given the overall positive momentum in the market. The performance of these stocks could influence market sentiment in the upcoming sessions.
Data as on May 6, 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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