Private lender ICICI Bank and oils-to-telecom conglomerate Reliance Industries led the Monday morning rout as top laggards in the benchmark indices Sensex and Nifty. The BSE Sensex shed as much as 672 points to an 82,898.31 low while the NSE Nifty 50 fell by at least 200 points to a 25.494.35 low.
Investors pulled both stocks down after the lower-than-expected Q3 results they posted at the end of last week.
As of 11 am, Reliance traded 3.2 per cent down, ICICI Bank was down 3 per cent, Eternal slumped 1.7 per cent, TCS fell around 1 per cent, and Infosys and Adani Ports both traded 0.7 per cent lower on the BSE.
Reliance Industries slumped to as low as Rs 1.406.50 per share on Monday morning trade, while ICICI Bank hit a bottom of Rs 1,360 apiece on the NSE.
Reliance on Friday reported consolidated net profit attributable to shareholders of Rs 18,645 crore for Q3 FY2026, almost flat compared with Rs 18,540 crore a year earlier.
ICICI Bank on Saturday posted a 2.68 per cent slide in its consolidated net profit for the December quarter to Rs 12,537.98 crore.
Eternal is yet to post its quarterly numbers, but indicated to the bourses that it would convene a board meeting this Wednesday to review and approve Q3 financial results. The recent not-so-ideal social media criticism on the ten-minute delivery model and the company6s subseuent removel of the said claim on its Blinkit platform seems to have added to investor concerns.
Increased buying on TCS and Infosys following both earnings last week that lifted the benchmarks seems to be easing as concerns regarding the US-India trade deal and increased FII outflow came back on top.
