INSUBCONTINENT EXCLUSIVE:
NEW DELHI: After a seesaw battle between the bulls and the bears, domestic equity benchmarks closed in the red on Thursday amid a spike in
coronavirus cases in India.
Banks and financials were battered, as concerns over credit repayment dented investor sentiment
Railway ticket master IRCTC had another bad day, as Indian Railways was forced to cancel more trains due to low occupancy.
BSE flagship
Sensex gave up afternoon gains to close at 581 points lower at 28,288
The pace of the decline was steeper compared with the initial fall during the 2008 Global Financial Crisis, probably due to the unexpected
Having said that, Nifty might find some comfort around the 7,600 mark
Nifty Smallcap100 index plunged 5.53 per cent to a six-year low of 3,796
Future Lifestyle was the biggest loser in the pack, down 20 per cent
Spandana Sphoorthy and Tata Elxsi were among the other big losers.
Nifty Midcap @4-year lowMidcaps faced the fury of the bears as the Nifty
Midcap Index plunged to a 4-year low level
The index fell 4.3 per cent to 12,053
Top losers in the index included IDFC First Bank, BEL, Chola Finance and HEG, which slumped 13-15 per cent.
VIX hits a 12-year highIndia VIX
jumped to a 12-year high with 12.50 per cent gain
The index, also known as fear gauge of the market, settled at 71.95.
All sectoral indices in the redAll sectoral indices closed in the red
on NSE, with Nifty Auto and Nifty Metal indices plunging the most at over 5 per cent each
Nifty Metal index closed at a four-year low while Nifty FMCG Index fell 0.85 per cent to hit a 3-year low.
Who moved my Sensex?Reliance
Industries and ICICI Bank were the biggest negative contributors, bleeding 156 points and 103 points, respectively
Axis Bank, Bajaj Finance and Larsen - Toubro were other major drags, shedding 240 points together.
DRL launches depression drugDr Reddy's
Laboratories has launched generic Naloxone Hydrochloride injection used for complete or partial reversal of opioid depression in the US
However, the stock slid 1.69 per cent to Rs 2,622.
YES Bank drops 11%Shares of YES Bank plunged 11.35 per cent to Rs 53.90 after the single
largest promoter Madhu Kapur, widow of its founder chairman Ashok Kapur, sold 2.5 crore bank shares in a block deal on Wednesday.
Only
sellers for IRCTCIRCTC hit the 5 per cent lower circuit as Indian Railways cancelled 155 trains due to low occupancy and coronavirus
The stock settled at Rs 1,000.35, halfway from its all-time high of Rs 1,995 hit last month.
Shree Cement debuts on NiftyShree Cement
debuted on Nifty50, replacing YES Bank
The scrip, however, had a disastrous first-day as part of the index, plunging 11.60 per cent to Rs 16,850
1,206 shares @52-wk lowsOver 1200 shares kissed their 12-month low during the trade
They included ACC, Ambuja Cement, Bajaj Finance, Concor, Britannia, GMAIL, Coal India, BPCL and Bharat Forge, among others.
93 stocks
They included Ashok Leyland, HUL, IRB Infra, Lloyds Steels, Mangalore Chemicals, The New India Assurance, MindTree, Sadhana Nitro and Astral
