The markets are muted in the afternoon session today. The Nifty is trading above the crucial 25,400 mark after breaching this key level in early trade. The Sensex too recovered from early lows and is now down around 200 points. The tech sector has seen significant pressure.
Here are the top movers and shakers at this hour –
Reliance Infrastructure down, Swan Defence up
The Anil Ambani group stocks continue to be under heavy selling pressure, extending their recent losing streak. Reliance Infrastructure is down another 5% today hitting a new 52-week low. The company has now lost over 20% in the past six sessions and nearly 40% in the last year, severely underperforming the benchmark indices.
Reliance Home Finance also slipped 4.98%, while Reliance Power shed 2.24%. The selling in these counters was accompanied by elevated volumes.
Interestingly, while most Anil Ambani group stocks traded deep in the red, Swan Defence and Heavy Industries stood out with a sharp 5% rally, hitting the upper circuit at Rs 940.10. The stock attracted heavy buying interest amid broader enthusiasm in the defence manufacturing space, offering a rare bright spot within an otherwise battered business group.
Bharti Airtel
Share price of Bharti Airtel slipped 4.2% to an intra-day low of Rs 2,006.60 after buzz of a large block deal involving over 5.1 crore shares. According to CNBC-TV18, Singapore Telecommunications (Singtel) was the likely seller, offloading roughly a 0.8% stake in the telecom major.
Multi-Commodity Exchange (MCX)
MCX share price fell over 4% in early trade, reacting to the company’s September quarter results. The commodity exchange reported a standalone net profit of Rs 197.47 crore in Q2 FY26, up 28.5% from Rs 153.62 crore a year earlier. However, it showed signs of recovery, trading at Rs 9,342, up 1%.
Despite the earnings growth, MCX shares have underperformed in recent weeks, sliding nearly 7% from their October highs.
The company has had to face some technical glitches lately as well
Securities and Exchange Board of India (SEBI) Chief recently commented on last month’s MCX trading glitch, expressing criticism over the incident and stating that such events should not happen.
He said, “reviewing the MCX trading glitch,” adding that a “root cause analysis is underway.”
L&T Finance Holdings
L&T Finance share price traded firm, up over 7% as the company highlighted major progress in its retail-focused transformation strategy. L&T Finance said that retail loans now make up 98% of its total portfolio, reflecting a complete pivot toward consumer and small business lending.
Disbursements rose 39% year-on-year, largely supported by digital partnerships and tech-led sourcing channels. Management noted that digital lending initiatives are now contributing a material portion of new customer acquisition.
In addition, L&T Finance announced its entry into the gold loan segment, with plans to open 200 dedicated branches by FY26.
Studds Accessories
Shares of helmet manufacturer Studds Accessories made a disappointing debut on the stock exchanges. The stock listed at Rs 565 on the NSE, a 3.42% discount to its IPO issue price of Rs 585 per share, and opened at Rs 570 on the BSE, down 2.56%.
Interarch Building Solutions
Share price of Interarch Building Solutions soared 19% to hit an all-time high of Rs 2,619.05 on the BSE amid heavy volumes, making it one of the standout gainers in Friday’s trade. The stock broke past its previous record of Rs 2,410 from July 23, 2025, supported by sustained investor interest and a strong order book. For the quarter ending September 2025 (Q2 FY26), Interarch Building Products reported an increase in revenue by 52% from last year to Rs 491.1 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose to Rs 41.7 crore, indicating a 65% jump from the Rs 25.3 crore it reported during the same quarter last year.