Mumbai, January 7, 2026 – Indian equities faced renewed pressure on Tuesday, with Nifty dropping 0.6% to 25,800 and Sensex falling 0.7% to 84,600, as chemical and consumer stocks led the decline amid soaring raw material costs and weak Q3 demand signals from rural pockets. Over 70 scrips plumbed new 52-week lows, with Vineet-RE (tanking 19.7% to ₹1.18 on regulatory scrutiny), Systmtxc (sliding 19% to ₹110 amid tech slowdown), and VR (down 7.1% to ₹145 on infra delays) highlighting the pain in SMEs and cyclicals. FII selling accelerated (₹2,200 Cr net out), amplifying the rout in thin trading.
The slide marks a continuation of January's volatility, with broader sentiment hit by global commodity spikes and delayed rate cut hopes. Volumes fell 12%, but decliners dominated 2:1, erasing ₹800 Cr in value for key names. Analysts see this as a buy-on-dip opportunity if PMI data beats tomorrow.
Top 52-Week Low Decliners (Sorted by % Decline)
Here's the rundown of the sharpest plungers on Jan 6, from BSE/NSE:
| Rank | Stock Name | Series | LTP (₹) | % Change | New 52W Low (₹) | Prev. Low (₹) |
|---|---|---|---|---|---|---|
| 1 | Hilton-RE1 | BE | 2.70 | -39.87 | 2.70 | 2.70 |
| 2 | Vineet-RE | BE | 1.18 | -19.73 | 1.18 | 1.18 |
| 3 | Systmtxc | EQ | 109.80 | -19.00 | 108.44 | 108.44 |
| 4 | VR | SM | 145.00 | -7.08 | 145.00 | 145.00 |
| 5 | TSC | SM | 47.00 | -6.93 | 43.10 | 45.25 |
| 6 | Elgirubco | EQ | 41.01 | -5.75 | 40.52 | 40.52 |
| 7 | Wakefit | EQ | 166.40 | -5.38 | 166.01 | 166.01 |
| 8 | Maxvolt | ST | 459.80 | -5.00 | 459.80 | 459.80 |
| 9 | Ailimited | SM | 35.20 | -4.99 | 35.20 | 36.70 |
| 10 | E2erail | ST | 295.90 | -4.99 | 295.90 | 311.45 |
| 11 | Sattvaengg | SM | 59.00 | -4.99 | 58.95 | 60.30 |
| 12 | Mahasteel | BE | 961.10 | -4.99 | 961.10 | 961.10 |
| 13 | Kavdefence | EQ | 66.65 | -4.99 | 66.65 | 70.20 |
Key Spotlights:
- Vineet-RE's Meltdown: The chem firm nosedived 19.7% to ₹1.18 on duty hike fears and weak exports, down 50% from peaks—volumes tripled.
- Systmtxc's Tech Tumble: Slumped 19% to ₹110 amid chip shortage and Q3 guidance cut; sector peers like Airan also hit lows.
- VR's Infra Hit: Dropped 7.1% to ₹145 on project delays and funding crunch, reflecting broader SME pain.
- Chemical Cascade: Names like Epigral (-1.6% to ₹1,171) and Yasho (-4.4% to ₹1,326) extended losses on input inflation.
Oversold signals (RSI <25) suggest rebounds in defensives; Nifty floor at 25,500. Watch chemical earnings for turnaround. BSE/NSE data; levels as of Jan 6 close.
