Mumbai, January 08, 2026 – Indian markets extended their downward spiral on Thursday, with Nifty slumping 0.7% to 25,420 and Sensex dropping 0.8% to 83,100, amid escalating FII outflows (₹2,500 Cr net sell) and mounting concerns over Q3 earnings misses in retail and construction sectors. At least 50 scrips hit lower price bands (mostly 5%, some 10-20%), triggering trading halts as margin pressures and global commodity hikes weighed heavy. This marks the fourth straight session of declines, erasing ₹600 Cr in value from frontrunners like Meesho (down 4.7% to ₹165 on e-comm margin erosion), Goyalalum (plunging 9.9% to ₹8.82 on aluminum price volatility), and Venusrem (locked 5% at ₹707 amid remedy demand slump).
The sell-off reflects broader caution ahead of corporate results, with SMEs facing acute liquidity crunches. Volumes thinned 15%, but bears ruled 2.5:1. Analysts point to potential stabilization if RBI signals more easing in upcoming minutes.
Top Lower Band Hitters (Sorted by Traded Value)
Snapshot of the heaviest losers by value, from BSE/NSE:
| Rank | Stock Name | Series | LTP (₹) | % Decline (Band) | Volume (Lakh Shares) | Traded Value (₹ Cr) |
|---|---|---|---|---|---|---|
| 1 | Meesho | EQ | 165.03 | -4.68 | 569.68 | 941.33 |
| 2 | Silvertuc | EQ | 1631.10 | 3.13 (Hit Band) | 10.53 | 166.52 |
| 3 | Ibullsltd | EQ | 13.43 | -4.95 | 126.47 | 17.09 |
| 4 | Naclind | EQ | 179.62 | -5.00 | 7.10 | 13.32 |
| 5 | Mircelectr | EQ | 32.96 | -4.99 | 15.80 | 5.31 |
| 6 | Venusrem | BE | 707.10 | -5.00 | 0.59 | 4.20 |
| 7 | Kesoramind | BE | 10.77 | -4.94 | 36.28 | 3.93 |
| 8 | Shyamdhani | ST | 103.35 | -4.97 | 3.42 | 3.56 |
| 9 | Mv Kagro | SM | 650.00 | -4.62 | 0.50 | 3.27 |
| 10 | Dhararail | ST | 128.00 | 2.15 (Hit Band) | 2.43 | 2.94 |
| 11 | Go Digit | EQ | 840.00 | -2.48 | 0.32 | 2.71 |
| 12 | Goyalalum | EQ | 8.82 | -9.91 (10%) | 23.53 | 2.11 |
| 13 | Bhagyangr | BE | 172.21 | -5.00 | 1.21 | 2.10 |
Key Highlights:
- Meesho's Retail Rout: E-commerce heavyweight shed 4.7% to ₹165, losing ₹941 Cr in value on softer consumer spending and intensified competition—volumes surged 8x.
- Goyalalum's Metal Meltdown: Crashed 9.9% to ₹8.82 amid aluminum price volatility and import duty hikes; small-cap pain point.
- Venusrem's Remedy Slump: Locked 5% at ₹707 on weak festive demand and regulatory delays in pharma exports.
- SME Strain: Shyamdhani (-5%) and Polysil (-5%) exemplified small-cap woes, driven by funding crunches and Q3 uncertainty.
