Here is a summary of top daily crashes from day’s high in largecaps, midcaps and smallcaps in NSE (gainers only). It is an indication that stock is in good trend but due to profit booking by end of the day or weak overall market trend in the after noon forced the stocks to come down to these levels. Good chances are there these stocks will revisit these highs in the coming day if overall market zoom or sustain at current levels.
In largecaps, GAIL, Indigo, Sun Pharma, PEL, Bandhan Bank, Torntpharm, Hcl tech, HDFC AMC, Biocon and TCS fell more than 1% from its day high.
In midcaps Shriram City Union Finance, Prestige, GMR Infra, Cummins, GSPL, HAL, Motilal, Jubilant, MindaInd, Indiabulls Housing Finance, Aditya Birla Capital etc fell more than 2% during the day from its peak.
In smallcaps many stocks fell more than 5% during the day from day’s high like Sharda Cropchem, Zensar, Swan energy, Heritage, Indian Hume Pipe, Seamec, Saksoft etc