MUMBAI: Uncertainty in the stock market has led to huge selling. As a result the indices suffered the biggest loss in two months on Monday. The Sensex lost 1,145 points to settle at 49,744, down 50,000. This closing index is a three-week low. The Nifty lost 306 points to close at 14,676. Also, both the indices are at the end of five consecutive days of losses. Weak signals in global markets, rising Kovid-19 cases across the country, unpredictable rally in bond yields and other factors have created uncertainties in our market. As well as burning crude oil prices, concerns over rising equity valuations in the wake of the recent market rally have also worried investors.
Shares of all sectors except one metal were widely sold from the beginning of trading. Indices of public sector banks, pharma, IT and media fell 3 per cent on the NSE. Private Bank, FMCG, Finance and Bank Nifty indexes declined by 2%. IT stocks lost the most with the rupee 16 paise rally. Indices have not recovered at any stage since investors’ focus on sales since the beginning of the market. The Sensex lost 1,273 points to close at 49,617. The Nifty lost 346 points and touched the level of 14,635. Foreign investors (FIIs) have been selling in domestic markets for the first time since January 29. Foreign investors (FIIs) sold shares worth Rs 893 crore on Monday. Also, domestic investors withdrew Rs 919 crore worth of investments, according to exchange data.
« Local governments are imposing lockdowns on the rising number of corona cases in the country. Fears that the imposition of a lockdown with tighter sanctions will have an impact on financial recovery have haunted the market. Vinod Nair, head of research at Geojit Financial, said, « Foreign investors’ investments have now slowed down due to rising international bond yields and a recent market rally due to inflation. »
Every time it falls … buy ..!
The Sensex lost 2410 points in five consecutive days. The Nifty lost 639 points. Stock experts advise buying at a time when the market is declining sharply. The current fall is short-lived and is said to buy every time it falls. The sources said that the economy has improved. Focus on stocks in the industrial and cyclic sectors.
Rs 1000 crore loss per minute ..!
With the market falling sharply, investors are trading at Rs. Suffered a loss of Rs 1000 crore. The market value of BSE listed companies, which investors consider to be wealthy, evaporated by Rs 3.08 lakh crore in a single day. The market capitalization of Versace BSE registered companies has come down to Rs 200.18 lakh crore.
More News Trading … Out of 30 stocks in the Sensex, only ONGC, Kotak Bank and HDFC Bank gained.
Metal shares also shone in the ► loss market. Metal shares were supported by buying with optimistic expectations on the economy. As a result, the metal index rallied one and a half percent.
The NSE VIX Index, which indicates volatility in the market, rose 14 per cent to close at 25.47.
Murari Lala Jalan, a member of the Jalan Kalrak consortium, which won the bid, said Jet Airways would start operations within six months of receiving final approvals from NCLT. As a result, the company gained 5 per cent to Rs. Hit the upper circuit at 114.90.
Shares of Jubilant Foodworks hit a one-year high on the completion of the merger with Fidies Food Systems. Settled at Rs.3128 with a gain of six per cent.
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