Reliance Industries shares dropped 1.7%, settling at ₹1,205.40 on Monday, the lowest level seen since March 2024. The fall coincides with a 1.36% slide in the Nifty 50 and a 950‑point decline in the Sensex, underscoring a pan‑market sell‑off.
Hindustan Unilever (HUL) slipped 2.2% to ₹1,900.70, its 52‑week low, after a five‑month decline and an 18.12% YTD drop. September alone saw the FMCG giant down 3.4%, adding to a steep 39% fall since January.
Tata Motors Passenger Vehicles (TMPV) slid 2.5% to ₹283.10, its lowest point in four months, following a 22.36% YTD decline and a 7.8% September drop. The auto sector’s overall YTD loss sits near 13%, amplifying investor caution.
Wipro and Infosys, both IT stalwarts, fell 1.9% and 1.4% respectively to ₹160.97 and ₹986.60, marking new 52‑week lows after 40% and 39% YTD declines. September saw Wipro down 12.5% and Infosys down 12.5%, ending long‑running bullish streaks.
Jio Financial Services and Maruti Suzuki also hit fresh 52‑week lows at ₹222.56 and ₹11,944.00, after 24% and 28% YTD losses, with September losses of 7.3% and 11.5% respectively. The telecom and auto stocks echo the broader slide across the index.
Market participants will watch the forthcoming earnings releases for these heavyweights. Analysts from several banks note that the current pullback may persist until the next quarterly reporting, after which a potential rebound could be assessed.