Mumbai: Bears tightened their grip on the broader market today, with specific pressure observed in the SME and Small-Cap segments. A slew of stocks across various sectors remained locked in their lower circuits, signaling aggressive profit-booking and a lack of buying interest at current levels.
Top Losers and High Value Drags
The most significant drag in terms of value was Systematix Corporate Services (SYSTMTXC). The stock witnessed a massive sell-off, plummeting 19.00% to trade at ₹109.80. With a trading value of over ₹65 Crores, the stock approached its 20% lower circuit limit, reflecting extremely bearish sentiment.
Indiabulls Enterprises Ltd (IBULLSLTD) also witnessed heavy activity. Despite high volumes of over 1.25 Crore shares, the stock failed to hold its ground, ending down 4.98% at ₹14.87, effectively locking at its 5% lower circuit.
While Indo Thai Securities (INDOTHAI) saw the highest turnover on the list (₹113.57 Cr), it managed to resist a crash, closing marginally lower by 0.59% at ₹252.75, avoiding the lower band.
Locked at 10% and 20% Lower Circuits
Selling pressure was particularly acute in stocks with wider price bands:
The 5% Lower Circuit Club
A long list of stocks hit their 5% lower limits, leaving investors with no exit route by the end of the session. Prominent names locked at the 5% down limit include:
Other notable stocks hitting the 5% lower band included Waaree Technologies (WAAREEINDO), Stallion India, and Mask Investments.
Volatility in Rights Entitlements (RE)
The Rights Entitlement segment saw extreme volatility. Hilton Metal Forging RE (HILTON-RE1) crashed a staggering 39.87% to trade at ₹2.70, while Vineet Laboratories RE (VINEET-RE) plummeted 19.73% to ₹1.18.
Sector Watch
The selling was broad-based, affecting Rail stocks (E2E Rail down 4.99%), Textiles (Richa Industries down 4.96%), and Realty (HDIL down 2.92%).
