Mumbai, January 28, 2026 – Indian benchmarks extended their January volatility on Tuesday, with Nifty slipping 0.4% to 25,400 and Sensex down 0.5% to 83,000, hit by persistent FII selling (₹2,200 Cr net out) and weak Q3 previews from consumer and infra sectors. At least 30 scrips hit lower price bands (mostly 5%), triggering halts as margin calls and global commodity pressures weighed. This continues the week's choppiness, erasing ₹12 Cr in value from leaders like Take (down 1.17% to ₹36.20 on partial band hit), Manakaluco (locked 5% at ₹47.71 amid metal woes), and Mv Kagro (down 3.25% to ₹586.50 on agro slowdown).
The rout underscores broader risk-off sentiment, with SMEs hardest hit on thin liquidity. Volumes contracted 12%, sellers dominating 2:1. Analysts flag Q3 results as pivotal—relief possible if IT/pharma shine.
Top Lower Band Hitters (Sorted by Traded Value)
Snapshot of the biggest losers by value, from BSE/NSE:
| Rank | Stock Name | Series | LTP (₹) | % Decline (Band) | Volume (Lakh Shares) | Traded Value (₹ Cr) |
|---|---|---|---|---|---|---|
| 1 | Take | BE | 36.20 | -1.17 | 12.25 | 4.33 |
| 2 | Manakaluco | BE | 47.71 | -5.00 | 8.77 | 4.20 |
| 3 | Mv Kagro | SM | 586.50 | -3.25 | 0.34 | 1.98 |
| 4 | Techlabs | SM | 209.00 | -3.11 | 0.40 | 0.82 |
| 5 | Bestagro | BE | 21.05 | -4.10 | 2.73 | 0.57 |
| 6 | Dharan | BZ | 0.19 | -5.00 | 261.57 | 0.50 |
| 7 | Victoryev | ST | 21.85 | -5.00 | 2.13 | 0.47 |
| 8 | Kandarp | SM | 149.60 | -4.99 | 0.16 | 0.24 |
| 9 | Zenithstl | EQ | 4.60 | -4.96 | 5.12 | 0.24 |
| 10 | Tphq | EQ | 0.59 | -1.67 | 21.06 | 0.12 |
| 11 | Captrust | EQ | 15.33 | -4.96 | 0.63 | 0.10 |
| 12 | Vcl | BE | 2.02 | -3.81 | 2.87 | 0.06 |
| 13 | Divyadhan | SM | 22.00 | -2.65 | 0.26 | 0.05 |
Key Highlights:
- Take's Partial Pressure: Down 1.17% to ₹36.20 on partial band hit, shedding ₹4.33 Cr amid order delays—volumes 4x average.
- Manakaluco's Metal Meltdown: Locked 5% at ₹47.71 on commodity volatility, losing ₹4.20 Cr; small-cap highlight.
- Mv Kagro's Agro Agony: Slid 3.25% to ₹586.50 amid input hikes, wiping ₹1.98 Cr.
- SME Strain: Dharan (-5% to ₹0.19) and Victoryev (-5% to ₹21.85) led small-cap hits on funding crunches.
Bargain hunters may nibble at RSI <30 levels, but risks loom if global data sours. Nifty support at 25,200—eye earnings for uplift. BSE/NSE data; halts in effect.
