ONGC Ends with Heaviest Losses Among Nifty Losers on Wednesday; Oil, Banking and Healthcare Stocks Bear the Brunt

Mumbai, May 27: ONGC led the Nifty 50 losers chart on Wednesday, tumbling 4.94% as renewed US strikes in Iran hammered oil marketing sentiment even as broader markets held modest gains. HDFC Bank, HDFC Life, Wipro, SBI Life and Dr. Reddy’s rounded out the top six decliners, falling between 0.59% and 2.54%, as financial services, insurance and healthcare names faced selling pressure while metals, power and auto stocks advanced on the same day. The divergence between winners and losers pointed to a textbook sector rotation session, with oil, banking and defensive healthcare names underperforming as investors shifted toward domestic industrial and infrastructure names.

ONGC: Top Loser

ONGC (NSE: ONGC) was the biggest Nifty 50 loser on Wednesday, plunging 4.94% to an LTP of ₹273.30 from its previous close of ₹287.50. The stock opened at ₹284.20 — already well below Tuesday’s close — and sold off sharply through the morning to a session low of ₹272.45 before paring a fraction of its losses by the close. The heavy selling in ONGC directly reflected the whipsaw in global crude oil prices: Monday’s 7% decline in Brent on US-Iran peace hopes had briefly lifted sentiment in the oil sector, but Tuesday’s US strikes in Iran sent Brent surging nearly 4% back toward $99.58 a barrel, reviving concerns about under-recovery risks and the fiscal overhang of elevated crude on India’s state-run oil companies.

HDFC Bank

HDFC Bank (NSE: HDFCBANK) fell 2.54% to an LTP of ₹759.15 from its previous close of ₹778.90, opening at ₹773.90 and sliding to a session low of ₹756.90 — an intraday range of ₹17.00 that reflects the scale of institutional selling in India’s largest private sector lender by assets. The bank’s decline was part of a broader pullback in the Nifty Bank index, which eased 0.10% on the day even as the overall Nifty held a marginal gain. Investors have been cautious on HDFC Bank following its recent underperformance relative to the index, with concerns around net interest margin trajectory and the pace of deposit mobilisation continuing to weigh on near-term sentiment for the counter.

HDFC Life Insurance

HDFC Life Insurance (NSE: HDFCLIFE) declined 1.36% to an LTP of ₹610.45 from its previous close of ₹618.85, opening at ₹619.90 and retreating to a session low of ₹608.65. The life insurer’s decline tracked the broader weakness in the financial services and insurance complex, with the Nifty Financial Services index easing 0.25% on the day. HDFC Life has been under some pressure from profit-booking in recent sessions after a period of steady outperformance, with investors reassessing near-term premium growth assumptions as discretionary household savings come under pressure from the cumulative impact of four fuel price hikes since May 15.

Wipro

Wipro (NSE: WIPRO) fell 1.00% to an LTP of ₹201.70 from its previous close of ₹203.73, opening at ₹205.99 and touching a session low of ₹200.20 before recovering marginally to close near ₹201.70. The IT major’s decline was consistent with the cautious mood around technology exporters on Wednesday, as Nifty IT traded flat through the session even as broader markets edged higher. Wipro’s underperformance within the IT space has been a recurring theme this quarter, with investors awaiting clearer evidence of a demand recovery from its key banking and financial services vertical clients before re-rating the stock.

SBI Life Insurance

SBI Life Insurance (NSE: SBILIFE) eased 0.97% to an LTP of ₹1,865.00 from its previous close of ₹1,883.20, opening at ₹1,888.50 and sliding to a session low of ₹1,860.00 before recovering marginally. The insurer’s decline mirrored the selling seen across the insurance complex on Wednesday, with both HDFC Life and SBI Life under pressure as the Nifty Financial Services index softened. SBI Life’s near-term earnings visibility has been solid, but the stock has been subject to periodic profit-booking by institutional investors who have built significant positions over the past year, and Wednesday’s session reflected another such round of trimming.

Dr. Reddy’s Laboratories

Dr. Reddy’s Laboratories (NSE: DRREDDY) rounded out the top six losers, declining 0.59% to an LTP of ₹1,320.00 from its previous close of ₹1,327.90, opening at ₹1,346.80 and retreating to a session low of ₹1,316.70. The pharma major’s relative resilience — its decline was the smallest among the six — reflects the underlying defensive demand for large-cap pharmaceutical names, even as the Nifty Healthcare index edged fractionally lower on the day. Dr. Reddy’s has been consolidating around the ₹1,300–1,350 band for several sessions, with investors balancing its robust US generics pipeline against a more competitive pricing environment in key overseas markets.

Top Nifty 50 Losers — Wednesday, May 27, 2026

Source: NSE India | Wednesday, May 27, 2026

Source:

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