A bad day for the markets with both Indian indices fell around 1.8%. Stocks like Axis Bank, Indusind Bank Eicher Motors and Zeel down more than 4% in today’s trade. Only Dr Reddy and Sun Pharma were able to close in a positive note with more than 1% gains in the Nifty 50 participants.
Gainers : DRREDDY (1.9%), SUNPHARMA (1.1%), TITAN (0.9%), BHARTIARTL (0.3%)
Losers : AXISBANK (-4.9%), EICHERMOT (-4.5%), INDUSINDBK (-4.5%), ZEEL (-4.3%), ADANIPORTS (-3.7%), BAJAJFINSV (-3.6%), MARUTI (-3.5%), HINDALCO (-3.4%), SBIN (-3.3%), POWERGRID (-3.3%), KOTAKBANK (-3.0%), HEROMOTOCO (-2.8%), TATAMOTORS (-2.6%), VEDL (-2.6%), HDFC (-2.6%)
In the Volume font Reliance, Wipro, Bharti Airtel, Hcl Tech, Tech Mahindra and Dr Reddy witness more volumes compared to their respective 2 months average.
Volume Gainers : RELIANCE (65.8%), WIPRO (58.1%), BHARTIARTL (39.9%), HCLTECH (35.0%), TECHM (30.8%), DRREDDY (19.6%), MARUTI (-4.2%), HINDALCO (-6.2%), SHREECEM (-9.5%)
Most of the stocks dropped a lot from their respective day’s high in the morning trade. Stocks like Eicher, Adani ports, Axis Bank and HCL Technologies dropped more than 4% from their intra day high.
Major Drops Today : EICHERMOT (-4.7%), ADANIPORTS (-4.3%), AXISBANK (-4.1%), HCLTECH (-4.0%), INDUSINDBK (-3.8%), ZEEL (-3.7%), BAJAJFINSV (-3.7%), BPCL (-3.3%), SBIN (-3.2%), POWERGRID (-3.2%), HINDALCO (-3.1%), MARUTI (-3.1%), GAIL (-3.1%), TCS (-2.9%), WIPRO (-2.8%)
Major Recoveries Today : DRREDDY (2.6%), UPL (2.2%), BAJFINANCE (2.1%), TITAN (2.1%), BAJAJ-AUTO (1.9%), ITC (1.8%), BHARTIARTL (1.7%), ICICIBANK (1.6%), RELIANCE (1.5%), INFRATEL (1.5%)
Markets didn’t show any sign of recovery in today’s trade. Sell was getting accelerated by afternoon and closed with 1.8% loss. Increasing cases of corona virus in India is a big concern for the markets. Even though Asian and European markets were in red our markets surpassed those markets and closed with more loss compared to them. So this sell of is not fully due to the global sentiments.