Top Losers: Trent, Eternal shares continue slide; Nykaa, PayTM top laggards in midcap

Trent and Eternal stocks dragged down the benchmark indices in today's trading. Trent led the fall, dropping by 1.09%, with its share price coming down from ₹5,315.50 to ₹5,259.00. Eternal stocks too continue to slide, currently down by 1.26%, at ₹325.

The BSE Sensex was up 230 points, at 81,017.23 while the NSE Nifty 50 advanced by 0.28%, at 24,842 in today’s intraday session. While the IT stocks such as Infosys, Wipro and Tech Mahindra continue to hold the top three spots.

Trent's shares have been on a decline for five consecutive sessions, dipping by 2.50%. Eternal stocks too continue to slide, currently down by 1.26%, while 5-day data shows that it has dipped partially overall by 0.11%. Eternal shares are now priced at ₹325.05. Titan and Shriram Finance follow behind, each down by nearly 1%.Yesterday’s top gainers—the auto stocks, such as Tata Motors, Bajaj Auto, and Mahindra and Mahindra dwindled down as investors realised gains in today’s session. Bajaj Auto was down by 0.17%, whereas the auto majors were down by 0.35%.In the broader markets, One 97 Communications, PayTM’s parent company faced a steep decline of 2.66%, bringing its share price to ₹1220. Nykaa’s shares too was in the top laggard list, as it declined by 2.76%. Nykaa hit a new 52-week high yesterday, at ₹249.28, rising sharply from its 52-week low of ₹154 in 7 months.Amongst individual stocks, Moschip Techmologies was down by 9.5%, after hitting a 52-week high of ₹268.75 yesterday.Sectoral-wise, Nifty Consumer Durables was in the deeper red as compared to its peers. It was down by 0.48%, followed by Nifty Realty, which dipped marginally by 0.16%. Nifty Auto, as a result of profit booking saw a dip of 0.25%.The India VIX, which measures market volatility was also up by 1.26%, at 10.98, thereby showcasing cautious investor sentiment.Meanwhile, top gainers on the benchmark indices continue to be the IT stocks, with Infosys rallying by 4.47%. In the Nifty Midcap 100 list, Glenmark Pharmaceuticals was up by 2.26%, followed by Tube Investments of India, up by 2.50%. Ola Electric Mobility broke its 2-day losing streak and rebounded by 2.28%.