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Top losers today: 5 shares fall up to 3.5%; Reliance, Sun Pharma, ICICI Bank, Maruti, Bajaj Auto

Top losers in the stock market today: Reliance Industries, Sun Pharma, ICICI Bank, Maruti Suzuki, Bajaj Auto were among top laggards on BSE and NSE on March 12

twitter-logoBusinessToday.In | March 12, 2021 | Updated 17:04 IST
Top losers today: 5 shares fall up to 3.5%; Reliance, Sun Pharma, ICICI Bank, Maruti, Bajaj Auto
List of top 5 losers on 12 March: Bajaj Auto, Maruti, Reliance, Sun Pharma and ICICI Bank

Indian benchmark indices ended lower on Friday, paring early gains, as rising bond yield and COVID-19 cases spooked market sentiments. The BSE Sensex declined 487 points, or by 0.95 per cent, to close below 51k levels at 50,792 and the NSE Nifty fell by 143.85 points or 0.95 per cent to settle at 15,030.95. Among the individual stocks, Bajaj Auto, Maruti Suzuki, Sun Pharmaceutical Industries, Reliance Industries, UltraTech Cement were among top losers, while Power Grid Corporation, Titan, ONGC and Infosys were among notable gainers.

Here's a look at top five losers on BSE and NSE today:

Bajaj Auto

Shares of Bajaj Auto emerged as top loser on BSE and NSE today. The stock of auto major ended 3.1 per cent lower at Rs 3,747.50, in line with BSE auto index which fell 1.6 per cent. During the day's trade, Bajaj Auto share price dropped as much as 3.4 per cent to hit an intraday low of Rs 3,735.60. The market cap of the company dropped to Rs 1,08,440.29 crore.

Maruti Suzuki India

Maruti Suzuki was another auto stock which was among top losers on BSE on Friday. Maruti Suzuki India share price closed 2.4 per cent lower at Rs 7,099.85.

ICICI Bank

Private sector lender ICICI Bank ended 2.06 per cent lower at Rs 612.85 on the BSE. The stock declined as much as 2.77 per cent to hit intraday low of Rs 608.40.

Sun Pharmaceutical Industries

Shares of Sun Pharma closed lower by 2.04 per cent at Rs 613.25 on the Bombay Stock Exchange on Friday amid profit booking. In the last session, the stock had gained over 2 per cent after its subsidiary acquired stake in WRS Bioproducts.

Reliance Industries

Reliance Industries share price dropped as much as 2.66 per cent to hit intraday low of Rs 2,123.65, before settling at Rs 2,138.65, down 1.97 per cent. The market cap of the most valued firm fell to Rs 13,55,784 crore. In a fresh development, IndoSpace, a real estate player, has acquired 55 acres at Farukhnagar in Haryana, is a joint venture with Model Economic Township Limited (METL), a 100 per cent subsidiary of Reliance Industries Limited.

Also read: Top gainers on March 9: 6 shares rise up to 4%; Kotak Mahindra Bank, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance

Also read: Stock Market Highlights: Sensex ends 487 pts lower at 50,792, Nifty down 143 pts; Bajaj Auto, RIL top losers

Also read: Share Market News: Reliance, Infosys, HPCL, IDBI Bank, AstraZeneca, NMDC, V Mart will be in focus

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