Nifty 50 Losers, May 29, 2026: Power Grid Ends with Heaviest Losses; PSU Energy, Aviation, Healthcare Stocks Bear the Brunt 

Mumbai, May 29: Power Grid Corporation led the Nifty 50 losers chart on Friday, tumbling 4.11% to emerge as the index’s biggest decliner on a day marked by sharp selling in PSU utilities, aviation, healthcare and FMCG names even as IT and infrastructure stocks attracted buying. IndiGo, ONGC, Max Healthcare, Eicher Motors and Tata Consumer Products rounded out the top six losers, slipping between 2.59% and 3.28% in a session that reflected divergent institutional sentiment — with money flowing out of rate-sensitive utilities and defensives into select technology and capex-heavy infrastructure plays ahead of the weekend close.

Power Grid Corporation: Top Loser

Power Grid Corporation (NSE: POWERGRID) was the steepest Nifty 50 loser on Friday, crashing 4.11% to an LTP of ₹287.80 from its previous close of ₹300.15. The stock opened at ₹303, briefly touched a session high of ₹303 before sellers overwhelmed buyers, dragging the counter to a session low of ₹285.45 — an intraday fall of more than ₹17 from the open. Traded value was a massive ₹2,255 crore on volume of over 7.74 crore shares, making it the single largest loser by traded value in Friday’s sessioan by a wide margin. Power Grid’s sharp decline came amid broad-based selling in PSU power and transmission stocks, as investors reassessed near-term earnings visibility on concerns over delayed tariff approvals and a potential softening in regulated returns — a sentiment compounded by outflows from the utilities space as global bond yields remained elevated.

IndiGo

InterGlobe Aviation (NSE: INDIGO) was the second-biggest loser, declining 3.28% to an LTP of ₹4,420 from its previous close of ₹4,570. The stock opened at ₹4,550, momentarily tested a session high of ₹4,555 before a sustained sell-off pushed it to a session low of ₹4,381.20 — a steep intraday range of nearly ₹174. Traded value came in at approximately ₹603 crore as India’s largest airline drew notable selling interest. IndiGo’s sharp decline reflected investor concern over rising crude oil prices and their impact on aviation turbine fuel costs, which remain the airline’s single largest expense. With global oil benchmarks under upward pressure and the summer travel season reaching its peak load, margin headwinds for the coming quarter have come sharply into focus for aviation investors.

Oil and Natural Gas Corporation (ONGC)

Oil and Natural Gas Corporation (NSE: ONGC) fell 3.01% to an LTP of ₹265.80 from its previous close of ₹274.05, opening at ₹275.95 and hitting a session high of ₹276.05 before retreating sharply to a session low of ₹261.55. Traded value was approximately ₹1,982 crore on volume of over 7.44 crore shares, underlining intense institutional selling in the PSU energy heavyweight. ONGC’s decline was partly paradoxical — the stock fell even as crude prices stayed firm — reflecting concerns over domestic gas price realisations, upstream capex escalation, and the market’s ongoing re-rating of state-owned oil producers that face policy-driven pricing constraints limiting their ability to fully capture the benefit of higher global energy prices.

Max Healthcare

Max Healthcare (NSE: MAXHEALTH) slipped 2.86% to an LTP of ₹965 from its previous close of ₹993.45, opening at ₹1,002.95 and touching a session high matching the open of ₹1,002.95 before sellers drove the stock sharply lower to a session low of ₹955 — an intraday decline of nearly ₹48 from the open. Traded value was approximately ₹1,489 crore on volume of over 1.54 crore shares, reflecting significant institutional and retail unwinding. Max Healthcare’s decline came as the broader healthcare and hospital space faced valuation-driven profit booking, with investors pulling back from high-multiple private hospital chains after a sustained re-rating over the past 18 months. Concerns over slower-than-anticipated bed additions and rising manpower costs in the premium healthcare segment added to the selling pressure.

Eicher Motors

Eicher Motors (NSE: EICHERMOT) declined 2.78% to an LTP of ₹7,213 from its previous close of ₹7,419, opening at ₹7,350 and touching a session high of ₹7,440.50 before a sharp reversal drove the stock to a session low of ₹7,131.50 — a sweeping intraday range of over ₹309. Traded value was approximately ₹1,058 crore. The Royal Enfield parent came under pressure as premium motorcycle demand outlook for the upcoming festive quarter drew scepticism amid sticky fuel prices and a slight moderation in rural income growth indicators. Eicher’s sharp intraday reversal from the session high suggested that momentum traders exited positions quickly after the morning push failed to hold, amplifying the downside on what was otherwise a result-light day for the company.

Tata Consumer Products

Tata Consumer Products (NSE: TATACONSUM) rounded out the top six Nifty 50 losers on Friday, falling 2.59% to an LTP of ₹1,173.40 from its previous close of ₹1,204.60, opening at ₹1,204.60 and touching a session high of ₹1,211 before retreating to a session low of ₹1,168.40 — a fall of more than ₹35 from the day’s peak. Traded value was approximately ₹1,163 crore on volume of over 98 lakh shares. Tata Consumer’s decline came as FMCG names broadly faced headwinds on Friday, with rising input cost concerns for tea and packaged foods weighing on sentiment. The stock’s inability to hold above the previous close despite opening flat reflected distribution pressure from institutional holders who have been trimming positions in consumer staples as interest rate expectations shift.

Top Nifty 50 Losers for Friday, May 29:

Source:

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