Benchmark indices have turned red once again in the last hour of trade on July 30 with Sensex shedding 144 points at 37,542 while the Nifty50 is down 55 points at 11,134.Nifty PSU Bank tanked over 4 percent dragged by Indian Bank, Bank of Baroda, Bank of India, Punjab National Bank, State Bank of India, IDBI Bank, Syndicate Bank, OBC and Union Bank of India.Midcap stocks are also trading in the red with S&P BSE MidCap index down over a percent. The top losers are NBCC, RBL Bank, Indian Bank, IDBI Bank, Reliance Power, KIOCL and Supreme Industries.Close The top losers from the smallcap space included Coffee Day which tanked 20 percent hitting lower circuit followed by SICAL, Elecon Engineering, Jain Irrigation Systems, Marksans Pharma and Praj Industries. related news D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating Andhra Bank share price falls 3% after RBI imposes Rs 25 … [Read more...] about D-Street Buzz: Over 500 stocks hit 52-week low on BSE including RBL Bank, Hero Moto; VIX jumps
Sp 500 indexes
‘Wait for signs of revival’; Nifty Midcap hits 30-month low, smallcap index falls 2%
The bears continued to maintain their grip on Indian bourses as Nifty was down 106 points, trading at 11,082, while Sensex, was down over 300 points, trading at 37393.72, in the last hour of trading. Nifty is now on the verge of its biggest monthly fall since September 2018.In the broader market, Nifty Midcap hit a 30-month low, shedding 2.02 percent. The stocks which dragged the index included Cholamandalam Investment, Coromandal International, Engineers India, Cummisn India, Dish TV, Graphite India, Future Consumer, HEG, Indian Bank, NBCC, JSPL, RBL Bank, Quess Corp, Reliance Power, Reliance Capital, Reliance Infra and Tata Power among others.Nifty Smallcap index, on the other hand, was down 2.61 percent in the afternoon session. The top losers were Coffee Day Enterprises, RBL Bank, NBCC, Indian Bank, KRBL, IDBI Bank, Indiabulls Real Estate, HEG, KIOCL, YES Bank, Bank of India, GE T&D, Bank of Maharashtra, Indiabulls Housing Finance, Vodafone Idea, NCC and Cyient … [Read more...] about ‘Wait for signs of revival’; Nifty Midcap hits 30-month low, smallcap index falls 2%
D-Street Buzz: 500 stocks hit new 52-week low on BSE including Tech Mahindra, M&M; VIX spikes
Indian benchmark indices continues to trade in the red following weak Asian cues with Sensex down 193 points at 37,204 while the Nifty50 is down 69 points at 11,015.Nifty Realty is down close to 3 percent dragged by Indiabulls Real Estate, DLF, Phoenix Mills, Sobha, Prestige Estates, Godrej Properties and Sunteck Realty.The IT index is also trading in the red, the top losers being Tech Mahindra which is down over 3 percent followed by Infosys, Tata Consultancy Services and Mindtree.Close Nifty Media shed 2 percent in this morning session dragged by Zee Entertainment which shed over 4 percent followed by Eros International Media, PVR, TV Today Network, UFO Moviez, Dish TV and DB Corp. related news Trade Setup for Monday: Top 15 things to know before Opening Bell 'Nifty may move towards 12,200 in coming days; bet on these 3 stocks for double-digit returns' Heads up! There are a few warning signals and one should remain cautious on market However, after a … [Read more...] about D-Street Buzz: 500 stocks hit new 52-week low on BSE including Tech Mahindra, M&M; VIX spikes
Over 500 stocks hit 52-week low on BSE; metals, banks crack
Benchmark indices are witnessing one of the biggest falls in recent times. Sensex has plunged 700 points in this afternoon session and is trading at 36,790 mark while Nifty50 cracked 211 points and is trading at 10,906.In terms of sectors, the S&P BSE Metals was the top loser followed by S&P BSE Capital Goods along with S&P BSE Finance, S&P BSE Industrials and S&P BSE Telecom that shed between 2-3 percent.Nifty Media along with banks, metals and the IT sectors are the biggest losers, down 2-3 percent. The top Nifty losers include Vedanta, JSW Steel, Tata Motors, State Bank of India and Bharti Airtel.Close Foreign investors turned net sellers in Indian markets in July as they pulled out more than Rs 11,000 crore (nearly $2 billion), highest in 2019 after the central government proposed higher tax surcharge proposed on super rich. related news Trade Setup for Monday: Top 15 things to know before Opening Bell The Innovators | Dr Vikram Ambalal Sarabhai … [Read more...] about Over 500 stocks hit 52-week low on BSE; metals, banks crack
D-Street Buzz: Over 500 stocks hit 52-week low on BSE including Tata Motors, YES Bank; IT stocks gain
Trade war with the two economic giants including US and China have once again taken the front seat resulting in global markets along with the Indian stock market plunging in the red.Benchmark indices are down 1.5 percent each with Nifty50 tanking 160 points and is trading at 10,836 while the Sensex plunged 533 points and is trading at 36,584 level.Nifty PSU Bank cracked 4 percent dragged by State Bank of India which shed 4 percent after global brokerages cut price target on worries over higher Q1 slippages. The other losers are Indian Bank, Bank of Baroda, Bank of India, Canara Bank, Punjab National Bank and Union Bank of India.Close Nifty Energy shed over 2 percent, the top losers are Reliance Industries, GAIL India, Indian Oil Corporation and ONGC. related news Trade Setup for Monday: Top 15 things to know before Opening Bell 'Nifty may move towards 12,200 in coming days; bet on these 3 stocks for double-digit returns' Heads up! There are … [Read more...] about D-Street Buzz: Over 500 stocks hit 52-week low on BSE including Tata Motors, YES Bank; IT stocks gain