Indian equity markets remained under pressure on Monday with broad-based selling across multiple sectors. The Nifty traded cautiously near 22,800 levels, while Nifty Midcap 100 and Nifty Smallcap 100 faced continued weakness. India VIX stayed elevated, reflecting heightened volatility and risk-off sentiment.
Over 50 stocks across various market segments hit their lower price bands (lower circuits), with notable activity in renewable energy, infrastructure, capital goods, and small-cap names.
Key Lower Circuit Stocks (Sorted by Value Traded)
| Symbol | LTP | % Chng | Price Band % | Volume (Lakhs) | Value (₹ Crores) |
|---|---|---|---|---|---|
| WEBELSOLAR | 64.95 | -8.22 | 10.00 | 67.72 | 45.41 |
| AXISCADES | 1390.00 | -4.77 | 5.00 | 1.53 | 21.51 |
| SWANDEF | 1592.80 | -5.00 | 5.00 | 1.11 | 17.73 |
| RELINFRA | 66.97 | -4.99 | 5.00 | 18.96 | 12.75 |
| WEL | 95.94 | -20.00 | 20.00 | 10.92 | 11.09 |
| RMDRIP | 36.36 | -3.63 | 5.00 | 25.63 | 9.25 |
| SHREEJISPG | 323.50 | -4.99 | 5.00 | 2.42 | 7.97 |
| EBGNG | 352.05 | -4.99 | 5.00 | 1.70 | 6.09 |
| WAAREEINDO | 366.40 | -4.97 | 5.00 | 1.48 | 5.46 |
| MCLOUD | 19.59 | -4.06 | 5.00 | 25.47 | 5.03 |
| EPACKPEB | 132.17 | -5.00 | 5.00 | 3.71 | 4.93 |
| EMBDL | 39.46 | -4.98 | 5.00 | 12.20 | 4.82 |
| GKENERGY | 90.17 | -4.99 | 5.00 | 5.14 | 4.68 |
Key Highlights:
- WEBELSOLAR witnessed the highest value traded among lower circuit stocks with a sharp 8.22% decline on exceptionally high volume.
- AXISCADES and SWANDEF followed with strong value turnover, both hitting their respective price bands.
- WEL locked the maximum 20% lower circuit, while RELINFRA, RMDRIP, MCLOUD, and EPACKPEB continued to see persistent selling pressure, many of which also touched fresh 52-week lows.
- Several small and micro-cap names, including BCG, ZEEMEDIA, and FILATFASH, attracted high volumes amid steep declines.
The broader market showed negative breadth with selective buying limited to a few names hitting 52-week highs, while heavyweights from the Nifty T20 losers added to the downside.
Nifty is likely to find immediate support near 22,500–22,700 levels while facing resistance around 23,000–23,100 in the near term.
