Business & Investment

Senx: Investors lose 2 rupees in a day as Sensex extends slump on day 6

New Delhi: Friday’s bear plunged front-line stocks, clearing two rupees from the stock market, with cars and IT being major lags.Onslaught was extended until day 6 Economic survey I couldn’t support Daral Street.

Aside from sufficient precautions Union budgetSentiment has fallen due to sales by foreign institutional investors that have pushed the market up in the last decade.

30 share pack Sensex The index fell below 3,500 points in the last six sessions, closing at 46,285.77 with 588.59 points (1.26%).Its wider companion NSE The nifty slide was 13,634.60 with 182.95 points or 1.32 percent.

“The weakening of global trends due to speculative concerns and slowing economic recovery has had a major impact on the domestic market before a cautious budget. The pace of recovery in the US and Europe has slowed and India’s exports Is affecting the influx of FII, “said Vinod Nair, Head of Research at Geojit Financial Services.

Market at a glance:

  • IndusInd Bank outperformed third quarter revenue by 6%.
  • Doctor Reddies Laboratories fell 6% after the third quarter flow show.
  • India VIX soars over 4% to trade above 25 levels.
  • Cars stock some of the biggest losers. Nifty 3% down automatically.
  • The broader market index outperforms Nifty and Sensex, but ends in red.

Blue chip performance

Among the best-selling stock names, IndusInd Bank was the top winner with a 6.14% increase. Other winners were Sun Pharma, ICICI Bank, HDFC Bank, HDFC Life Insurance, Indian Oil and BPCL.

Dr Reddy’s Labs was the biggest loser in Nifty Pack, down 5.30 percent. Maruti Suzuki, Hero MotoCorp, Tata Steel, Bharti Airtel, NTPC, JSW Steel, Wipro and Bajaj Auto ended up in the red.

Broader market outlook

The broader market index ended with a cut, but outperformed its peers in the headline. Nifty Small Caps fell 0.63 percent and Nifty Mid Caps fell 0.38 percent. Nifty500, the broadest index in NSE, fell 1.22%.

Emami, Dhani Services, TVS Motor, Equitas Holdings, Westlife Development and Rail Vikas Nigam rose in the 3-7% range from the Medium and Small Cap Index.

KEI Infrastructure, Cyient, Granules India, M & M Financial Services, Vodafone Idea and Page Industries were big losers from the wider market space, ranging from 5-7%.

Performance by sector

NSE’s outlook by sector was mixed. Nifty PSU Bank was the largest rise, up 1.69%, followed by Nifty Bank and Nifty Realty. Nifty Auto was the top loser, down 2.89 percent, while Nifty IT was down 2.59 percent. Nifty Metal and Nifty Pharma were other big losers.

Bird’s eye view

The market width favored the loser, while 1,382 shares ended in green, but the 1,529 name settled in the cut. As many as 165 securities hit 52-week highs, primarily from small cap stocks. Meanwhile, the 36 names hit 52-week lows, primarily from the field of microcaps. About 305 strains have reached the upper limit of the circuit and 278 shares have reached the lower limit of the circuit.

The European market was also traded in cuts. London-based FTSE fell 1.23% and Paris and Frankfurt fell 1.28% and 1.23%. In Asia as well, all markets were closed with a South Korean-led cut.

Senx: Investors lose 2 rupees in a day as Sensex extends slump on day 6 Senx: Investors lose 2 rupees in a day as Sensex extends slump on day 6

Back to top button