Today, on Friday (March 27), a huge fall was seen in the stock market after the holiday. Global markets are under pressure—due to the failure to resolve tensions in the Middle East—and its impact was clearly visible here too. Both Sensex and Nifty closed down by 2%. PSU Bank Index closed down almost 4%. Auto, Metal and Realty indices also closed down by around 3% each.
Sensex closed at 73,583, registering a massive fall of 1,690 points—or 2.25%. At the same time, Nifty 50 fell 487 points and closed at 22,819.6, which shows a decline of 2.09%. Banking stocks were most under pressure; As a result, the Nifty Bank index fell 1,433.5 points—or 2.67%—to close at 52,274.6. Weakness was clearly visible in the entire market also. The Nifty Midcap Select index fell 271 points—or 2.12%—to close at 12,517, while the Nifty Smallcap index fell 276.5 points to 15,620, showing a decline of 1.74%.
Where was the maximum decline seen today?
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Shares falling in Nifty 50
Shriram Finance -5.25%
Tata Motors PV -4.6%
RIL -4.5%
Bajaj Fin -4.5%
Shares rising in Nifty 50
ONGC +5%
Coal India +1%
Wipro +0.8%
TCS +0.5%
Heavy decline seen in Nifty PSU Bank Index
Bank of Baroda -4.47%
PNB -4.45%
Canara Bank -4.33%
Indian Bank -4.13%
Falling shares in Real Estate
Mahindra Lifespaces -8%
Max Estates -7%
Lodha Developers -5.7%
Embassy Developments -5%
shares in news
HEG +10.25%
Brigade Ent +3.91%
Oracle Finance +5.29%
Graphite India +5.7%
Shares falling in total market
SPARC -7.8%
Hemisphere Properties -7.53%
Gabriel India -6.77%
Godfrey Phillips -7%
Shares rising in total market
Apar Industries +6.04%
Acme Solar +5.89%
Nazara Tech +5.61%
Karur Vysya Bank +4%
Editor’s Take of Anil Singhvi:
Why did the market fall so drastically?
– It seems that FIIs have once again sold heavily today.
Concern is increasing as crude oil prices reach $103.
Rupee is falling as if there is no support level left.
– “Friday Fear Factor” dominates the market sentiment.
– Bullish stop-losses triggered after Wednesday’s lows were broken.
Heavy selling pressure was seen in banking and rate-sensitive stocks.
Market sentiment has weakened due to huge fall in mid-cap and small-cap stocks.
Which levels should be monitored now? – Intraday Support for Nifty: 22750-22850
– Upper range for Nifty: 23000-23150
– Intraday Support for Bank Nifty: 51825-52050
– Upper range for Bank Nifty: 53050-53300
– If Nifty closes below 23050 or Bank Nifty closes below 53000, then the risk levels will increase.
– Keep your positions light before the weekend session.
– Avoid creating new positions.
Stocks in Focus
Bajaj Finance
– A sharp decline was seen in NBFC stocks.
This stock was highlighted at the level of 858 during the morning ‘Aaj Ka Zero’ segment.
Godrej Properties:
Heavy selling pressure was seen in rate-sensitive stocks.
This stock was highlighted at the level of 1532 during the morning ‘Aaj Ka Zero’ segment.
Sammaan Capital:
– Recovery was seen in the stock just a day before the monthly expiry.
Today itself this stock has come out of the F&O ban list.