The market has seen a decline for the fifth consecutive day. The Nifty fell 309 points to close at 23,071 while the Sensex fell 1018 points to close at 76,293. The Nifty Bank fell 577 points to close at 49,403. At the same time, the Nifty has seen a sharp decline in all from auto to metal and IT. Nifty Energy and PSU also saw selling of more than 2 percent.
These shares decline
Top losers
HBL Engineering -11%
KFIN TECH -10%
Elecon Engineering -9%
PB Fintech -8%
Nifty realty losers (down 3%)
Oberoi realty -6%
Sobha -5%
Godrej Property -5%
Mahindra lifespace developers -4.5%
Nifty psu bank losers (down 2%)
Central Bank of India -4%
Punjab and Sind Bank -4%
Union Bank of India -3.5%
Punjab National Bank -3%
Nifty auto losers (down 2%)
Eicher motor -6%
Samvardhana MOTHERSON International -5%
TVS Motor -3%
Tata Motors -3%
Nifty consumer durables (down 2%)
Amber Enterprises -7%
Voltas -5%
Blue Star -4%
Havells -3%
These are today’s hero stock
Top Gainers
Timken India +5%
Cholamandalam Financial holdings +3.5%
Crisil Ltd +3%
Happy Minds +3%
Star Cement +3%
The Sensex opened 73 points to 77,384 in the morning. At the same time, the market started flat with a 2 -point lead in the Nifty. Bank Nifty fell 169 points to open at 49,812. After this, sales in the market suddenly increased at around 12 noon. The midcap index declined by 1500 points due to selling pressure in midcap stocks. A similar situation was also seen in the Nifty-Realty sectors, where a strong selling of 3 percent was also seen. At around one o’clock, the Sensex declined by more than 1 thousand points.
Anil Singhvi’s opinion on the market
Mid-multicap stocks fall drastically
– Heavy selling in mid-joke shares
– Selling pressure increased due to margin call on funded position
– Neither funds nor retail investors are in shopping mood.
– The perception of mid-joke shares is very weak
Which levels are important now?
– 22800-22950 last hope on Nifty
– Bank Nifty is still weak
– 47800-48050 big support for bank Nifty
US President Donald Trump has signed an order to impose 25 percent duty on imports of steel and aluminum. Exports to Canada, Mexico, Germany and Asian countries will be adversely affected. American markets saw a boom due to tech and metal shares. While Dow increased by two hundred and fifty points, Nasdaq saw a jump of 200 points. In the morning the gift Nifty remained stable above 23450, while Dow Futures closed 50 points. At the same time, the Japanese market remained closed today.
Gold made the highest level so far
Gold in the domestic market has touched the highest level of 85,950 so far, while gold has jumped at $ 50 to a new record of $ 2950 in the international market. Silver rose by one percent to above $ 32. At the same time, the price of crude oil has increased by 2 percent to above $ 76. The thing to note here is that Apollo Hospitals and Nalco have shown good results. While Bata and Naika have performed mixed, Eicher, Grassim and Escorts have disappointed investors by presenting poor results.
Today, the results of 7 companies including Voda Idea, Lupine, Cell and IRCTC will be released in F&O. BEL is confident of getting an order of Rs 13 thousand crore in the next one and a half months. In an exclusive conversation with Zee Business, the company’s director KV Suresh Kumar said- the target of order of 25 thousand crores in this financial year. The IPO of Ajax Engineering was filled 28 percent on the first day. The price band is Rs 599 to Rs 629.
The market declined yesterday.
Talking about yesterday, the Nifty Midcap fell by 2.08% to close at 52,491 and the Nifty Smallcap also fell by 2% to close at 16,653. The market has seen a decline decline for the fourth consecutive day. The Nifty fell 178 points to 23,381, the Sensex fell 548 points to 77,311, while the Nifty Bank fell 177 points to close at 49,981. In today’s decline, all regional index closed in red mark, with the best selling metal and realty sector.
