Nifty 50 Losers Today: Wipro Drops 4.24%, Coal India, JSW Steel Also in Red
On April 17, Wipro led the Nifty 50 losers list with a sharp 4.24% decline, followed by dips in Coal India, JSW Steel, Hero MotoCorp, and Tech Mahindra.
Key Highlights:
On April 17, 2025, the Nifty 50 index witnessed a mixed trading session, but select large-cap stocks dragged the index lower. Wipro Ltd emerged as the top loser, plunging 4.24%, while other laggards included Coal India, JSW Steel, Hero MotoCorp, and Tech Mahindra.
🔻 Top 5 Nifty 50 Losers (April 17)
| Stock | LTP (₹) | % Change | Volume |
|---|---|---|---|
| Wipro | 237.15 | -4.24% | 4,95,59,684 |
| Coal India | 398.50 | -0.19% | 73,97,449 |
| JSW Steel | 1,007.80 | -0.16% | 18,20,730 |
| Hero MotoCorp | 3,775.90 | -0.16% | 8,58,355 |
| Tech Mahindra | 1,308.10 | -0.05% | 26,62,418 |
🔍 Key Stock Highlights
Wipro Ltd (-4.24%)
- Previous Close: ₹247.65
- Open: ₹235.00
- Low: ₹232.15
- Volume: Over 4.95 crore shares
- Weak earnings outlook and IT sector pressure led to a sell-off in Wipro, making it the day’s worst performer.
Coal India (-0.19%)
- Previous Close: ₹399.25
- LTP: ₹398.50
- High institutional profit booking after recent rallies and global coal price moderation impacted the stock.
JSW Steel (-0.16%)
- LTP: ₹1,007.80
- Tracking muted global steel demand and flat quarterly shipment guidance.
Hero MotoCorp (-0.16%)
- LTP: ₹3,775.90
- Marginal decline due to subdued March auto sales data and mixed EV outlook.
Tech Mahindra (-0.05%)
- LTP: ₹1,308.10
- IT sector underperformance weighed on the stock; Wipro’s poor sentiment may have had a rub-off effect.
📉 What This Means for You
For Traders:
- Wipro’s breakdown below ₹240 may signal more downside unless reversal volumes kick in.
- Watch for support levels in PSU and auto names as Coal India and Hero MotoCorp hover near recent consolidation zones.
For Long-Term Investors:
- Temporary weakness in IT and metal sectors may offer accumulation opportunities if fundamentals remain intact.
- Monitor sectoral cues from Q4 results due this month.
🧭 How to Take Action
- Reassess positions in Wipro and Tech Mahindra post Q4 guidance to evaluate medium-term potential.
- Track global cues for commodity-linked stocks like Coal India and JSW Steel.
- Diversify holdings across resilient sectors like banking and FMCG amid short-term volatility.
Nifty Dragged by IT and PSU Stocks, Wipro Leads Decline
Wipro’s 4.24% drop on April 17 stood out in an otherwise range-bound Nifty 50 session. Sector-specific concerns in IT and profit-booking in PSU and auto stocks kept the mood cautious. Investors await upcoming earnings to drive clearer sectoral rotation trends in the coming days.
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