Ibullsltd, Fischer, Mircelectr Slam Lower Circuits: 60+ Stocks Lock Floor Amid Earnings Caution and Commodity Spikes
Mumbai, January 09, 2026 – Indian equities continued their January woes on Friday, with Nifty declining 0.5% to 25,300 and Sensex falling 0.6% to 82,600, pressured by ongoing FII exits (₹2,800 Cr net sell) and jitters over Q3 results in housing finance and consumer durables. Over 60 scrips hit lower price bands (predominantly 5%), suspending trades as input inflation and weak rural demand hammered margins. This caps a volatile week, vaporizing ₹400 Cr in value from pacesetters like Ibullsltd (down 5% to ₹12.76 on finance sector woes), Fischer (sliding 4.9% to ₹39.20 amid chem export curbs), and Mircelectr (locked 5% at ₹31.32 on electronics slowdown).
The downturn signals broader aversion to high-beta names, with SMEs facing funding squeezes. Volumes dipped 10%, but decliners led 2:1. Experts anticipate a pivot if PMI beats estimates tomorrow, eyeing Nifty rebound to 25,600.
Top Lower Band Hitters (Sorted by Traded Value)
Snapshot of the major casualties by value, per BSE/NSE:
| Rank | Stock Name | Series | LTP (₹) | % Decline (Band) | Volume (Lakh Shares) | Traded Value (₹ Cr) |
|---|---|---|---|---|---|---|
| 1 | Ibullsltd | EQ | 12.76 | -4.99 | 104.54 | 13.36 |
| 2 | Fischer | EQ | 39.20 | -4.88 | 13.22 | 5.30 |
| 3 | Mircelectr | EQ | 31.32 | -4.98 | 14.84 | 4.72 |
| 4 | Ifbagro | EQ | 1665.60 | -5.00 | 0.26 | 4.33 |
| 5 | Bhagyangr | BE | 163.60 | -5.00 | 2.20 | 3.61 |
| 6 | Mv Kagro | SM | 617.10 | -5.00 | 0.48 | 2.95 |
| 7 | Waareeindo | BE | 440.10 | -4.63 | 0.63 | 2.81 |
| 8 | Sunlite | ST | 353.25 | -4.99 | 0.56 | 2.00 |
| 9 | Esfl | SM | 147.80 | -0.17 | 1.32 | 1.89 |
| 10 | Maxvolt | ST | 435.00 | -4.75 | 0.29 | 1.26 |
| 11 | Shyamdhani | ST | 98.75 | -4.50 | 1.18 | 1.18 |
| 12 | Unihealth | ST | 293.95 | -4.99 | 0.31 | 0.92 |
| 13 | Hardwyn | BE | 17.95 | -4.98 | 4.76 | 0.86 |
Key Highlights:
- Ibullsltd's Finance Fumble: Housing lender cratered 5% to ₹12.76, shedding ₹13 Cr amid rate hike fears and NPA spikes—volumes ballooned 7x.
- Fischer's Chem Crunch: Down 4.9% to ₹39.20 on raw material surges and export duties, losing ₹5 Cr; chemical peers echoed the pain.
- Mircelectr's Electronics Erode: Locked 5% at ₹31.32 due to chip shortages and weak festive residuals, wiping ₹5 Cr.
- SME Squeeze: Shyamdhani (-4.5%) and Polysil (-5%) typified small-cap turmoil on leverage calls and Q3 dread.
Oversold indicators (RSI <25) hint at snaps, but risks linger if global yields climb. Nifty floor at 25,000—monitor infra earnings for sparks. BSE/NSE data; halts in effect.
