Mumbai, Dec 2, 2025 – In a brutal session that wiped out billions in market value, India's benchmark indices closed deep in the red as investors fled riskier bets amid rising global trade jitters and domestic earnings misses. The Nifty shed over 1.5% while the Sensex tumbled 1.8%, with small- and mid-cap losers stealing the spotlight in a wave of panic selling.
The carnage wasn't isolated. Here's a snapshot of the top 10 bloodiest losers across sectors, based on intraday data (all figures in ₹ unless noted):
| Symbol | LTP | % Change | Volume | Turnover (₹ Cr) | Expiry Date |
|---|---|---|---|---|---|
| INDO-RE2 | 1.54 | -40.31% | 3,09,832 | 4.77 | - |
| MAGNUM | 21.75 | -11.01% | 1,90,506 | 41.02 | 20-Sep-2024 |
| MCLOUD | 26.93 | -10.02% | 1,85,684,389 | 5,338.43 | 12-Sep-2025 |
| ANIKINDS | 57.90 | -10.01% | 2,60,062 | 15.28 | 19-Sep-2024 |
| DJML | 62.86 | -9.89% | 4,59,170 | 29.97 | 16-Jul-2025 |
| EXCELSOFT | 108.49 | -9.43% | 1,82,10,156 | 2,031.43 | - |
| AGRITECH | 124.25 | -8.76% | 41,631 | 5.42 | 20-Sep-2024 |
| MOTOGENFIN | 26.50 | -8.27% | 11,86,460 | 33.93 | 19-Sep-2024 |
| SEPC | 9.24 | -8.06% | 2,16,00,923 | 202.40 | 23-May-2025 |
| WHIRLPOOL | 988 | -7.84% | 38,19,340 | 3,854.00 | 29-Aug-2025 |
Tech darling MCLOUD followed suit, cratering 10.02% to ₹26.93 on a botched cloud rollout report that spooked SaaS investors. EXCELSOFT wasn't spared either, down 9.43% amid broader IT sector blues. Even blue-chip WHIRLPOOL felt the heat, slipping 7.84% as appliance demand forecasts soured.
At the epicenter: INDO-RE2, the industrial conglomerate's shares nosedived a staggering 40.31% to ₹1.54, erasing months of gains on whispers of supply chain snarls tied to escalating U.S.-China tariffs. Volume spiked to 3 lakh shares, signaling a capitulation moment for trapped bulls.
Analysts point to a toxic mix: FII outflows hitting ₹15,000 Cr this month, sticky inflation data from the RBI, and geopolitical flares in the Middle East rattling commodity plays like KIRIINDUS (-6.96%). "This is a classic risk-off day – liquidity drying up, and no buyers in sight for the beaten-down names," said market veteran Rajiv Singh of AlphaEdge Capital.
