Yesterday's trading (December 3) delivered a stark reminder of the market's fragile mood, as over 20 stocks tumbled 5–18% in a session marked by heavy FII selling, expiry jitters, and profit booking in overextended names. Adani Enterprises rights shares led the downside parade, erasing ₹858 crore in value, while diagnostics and media plays joined the freefall.
The Nifty's dip below 26,000 amplified the pain, with small-caps and recent IPOs taking the hardest hits amid leveraged unwinds.
Top 20 Losers on NSE – Wednesday, December 3, 2025
- Indo-RE2 ↓ 18.48% → ₹0.75
- Adani Rights ↓ 11.95% → ₹362.40 (₹858 crore volume)
- Patel Retailmart ↓ 10.80% → ₹228.30
- Ganga Forge ↓ 7.77% → ₹2.85
- NDGL ↓ 7.66% → ₹3,067.30
- Tips Films ↓ 7.62% → ₹405.10
- Thyrocare ↓ 7.06% → ₹431.45
- Mukka Proteins ↓ 6.82% → ₹24.99
- Magnum Ventures ↓ 6.79% → ₹20.60
- Delta Magnets ↓ 6.65% → ₹73.61
- Sparc ↓ 6.60% → ₹150.39 (₹2,038 crore mega volume)
- MFML ↓ 6.56% → ₹25.20
- Gencon ↓ 5.78% → ₹44
- Easemytrip ↓ 5.74% → ₹8.05
- Sudeep Pharma ↓ 5.72% → ₹681.95
- Globe ↓ 5.71% → ₹2.64
- Keeplearn ↓ 5.68% → ₹2.16
- MBL Infra ↓ 5.66% → ₹35
- Prabha ↓ 5.65% → ₹187.12
- Laxmi Dental ↓ 5.53% → ₹249.30
Distress signals were everywhere in the volumes:
- Sparc: 1.22 crore shares (₹2,038 crore) – 25x average on pipeline fears
- Adani Rights: 23.4 lakh shares
- Thyrocare: 13.3 lakh shares
- Easemytrip: 1.23 crore shares
The sell-off hit diagnostics (Thyrocare), media/entertainment (Tips Films, Easemytrip), and IPO freshies (Sudeep Pharma, Laxmi Dental) hardest, as investors rotated to safer large-caps amid global yield spikes. With Nifty testing 25,800 support, yesterday's action feels like the calm before a potential storm.
Market pros warn: This could be the start of a deeper small-cap purge – scale back leverage and eye cash until FII flows turn. Yesterday's bears aren't done hunting yet.
