Nifty 50 Top Losers: Titan, State Bank of India Bharti Airtel Among Biggest Losses on Monday

Mumbai, May 11: Titan Company was the steepest Nifty 50 loser on Monday, crashing 6.85 per cent to close at ₹4,200 in a session where consumer discretionary, aviation, banking, and telecom stocks bore the brunt of a broad market sell-off triggered by US President Donald Trump’s rejection of Iran’s latest response to US’ peace proposal over the weekend.

IndiGo, State Bank of India, Eternal, Jio Financial Services, and Bharti Airtel also featured among the six biggest index losers, declining between 3.79 per cent and 4.73 per cent as a sharp spike in crude oil prices to $105 a barrel, a weakening rupee near the 95-per-dollar mark, and a flight of foreign capital from Indian equities combined to deliver one of the more painful Monday sessions on Dalal Street in recent memory.

Titan – Down 6.85%

Titan Company was the single biggest Nifty 50 loser on Monday, crashing 6.85 per cent to close at ₹4,200 from its previous close of ₹4,509 on the NSE. The Tata Group lifestyle and jewellery retailer opened at ₹4,350.40, briefly climbed to an intraday high of ₹4,379.50 before a relentless wave of selling dragged the stock to a session low of ₹4,150.10. A total of 59.25 lakh shares worth approximately ₹2,502.54 crore were traded during the day. The steep fall came as investors reconsidered the premium valuations on discretionary consumer plays in an environment of rising inflation, fuel price anxiety, and PM Modi’s public call for citizens to defer non-essential spending a direct headwind for jewellery and lifestyle demand.

IndiGo – Down 4.73%

InterGlobe Aviation (IndiGo) was the second-biggest Nifty 50 loser on Monday, falling 4.73 per cent to close at ₹4,309 from its previous close of ₹4,522.70. India’s largest airline by market share opened at ₹4,430, reached a brief intraday high of ₹4,432.30 before sliding sharply to a session low of ₹4,276.60. A total of 17.92 lakh shares worth approximately ₹774.06 crore changed hands during the session. With crude oil above $105 a barrel, aviation fuel costs are set to surge, squeezing airline margins significantly. Combine that with PM Modi’s appeal to postpone non-urgent foreign travel and the selling logic becomes clear — IndiGo faced a near-perfect storm of macro and sentiment headwinds through the session.

SBI -Down 4.36%

State Bank of India extended its recent weakness on Monday, shedding 4.36 per cent to close at ₹974.90 from its previous close of ₹1,019.30. India’s largest public sector lender opened at ₹1,007, touched a brief intraday high of the same level before declining sharply to a session low of ₹971.10. A massive 4.69 crore shares worth approximately ₹4,601.65 crore were traded, making it the most heavily traded counter by value among Monday’s top losers. SBI, which had already been under selling pressure following its Q4 FY26 operating profit decline last Friday, saw no respite as deteriorating macro sentiment and continued FPI outflows hammered PSU banking stocks through the session.

Eternal -Down 4.03%

Eternal fell 4.03 per cent on Monday to close at ₹246.05 from its previous close of ₹256.39. The quick commerce and food delivery platform opened at ₹253.31, touched an intraday high of ₹253.70 before declining through the session to a low of ₹245. A total of 3.36 crore shares worth approximately ₹830.46 crore changed hands during the day. Eternal’s sharp fall reflects the broader risk-off mood washing over high-valuation growth stocks on the index, with investors trimming exposure to profitability-sensitive consumer internet names as inflation and geopolitical uncertainty cloud the near-term demand outlook.

Jio Financial Services -Down 3.81%

Jio Financial Services declined 3.81 per cent on Monday to close at ₹239.85 from its previous close of ₹249.34. The Reliance Industries financial services arm opened at ₹246, reached an intraday high of ₹246.45, before sliding to a session low of ₹239.80. A total of 1.89 crore shares worth approximately ₹456.89 crore were traded. The stock has been sensitive to broader risk sentiment given its premium valuation relative to current earnings, and Monday’s macro shock proved no exception, with investors opting to reduce exposure to high-expectation financial services names amid the sharp deterioration in global risk appetite.

Bharti Airtel -Down 3.79%

Bharti Airtel rounded out the top six Nifty 50 losers on Monday, falling 3.79 per cent to close at ₹1,764.90 from its previous close of ₹1,834.50. The country’s second-largest telecom operator opened at ₹1,814, touched a session high of ₹1,819.80 before declining steadily to a low of ₹1,756. A total of 1.58 crore shares worth approximately ₹2,797.81 crore changed hands during the day. Airtel’s decline came as part of a broader rotation away from large-cap defensives that had held up better in recent sessions, with investors unwilling to hold even quality names at elevated valuations on a day when macro fears dominated market psychology across the board.

Source:

• nseindia.com
• https://www.nseindia.com/market-data/top-gainers-losers
• https://www.nseindia.com/market-data/live-equity-market