Sensex, Nifty End Lower For Fourth Consecutive Trading Session
Closing Bell: Sensex, Nifty End Lower For Fourth Consecutive Trading Session
Indian equities extended declines for the fourth consecutive trading session.
The S&P BSE Sensex fell 0.97 percent to end below 40,000 and the NSE Nifty 50 fell 1.01 percent to close below 11,700. The broader markets represented by the NSE Nifty 500 Index fell 1.05 percent.
All the 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Auto Index’s 2.15 percent fall.
Indian equity investors lost around Rs 5.6 lakh crore in four days, according to data available with Bombay Stock Exchange. Of this, they lost around Rs 3 lakh crore of wealth in just one day on Feb. 24.
That came after the 30-stock index fell over 1,400 points in four trading sessions.
Stocks Moving On Heavy Volumes
- Stock rose as much as 12.7 percent to Rs 69.80.
- Trading volume was more than 18 times its 20-day average.
- Stock rose as much as 14.5 percent to Rs 97.45.
- Trading volume was 10 times its 20-day average.
- Stock rose as much as 15 percent to Rs 948.
- Trading volume was almost six times its 20-day average.
- Stock fell as much as 7.9 percent to Rs 16.30.
- Trading volume was more than three times its 20-day average.
Fab Four Stocks Of The Day
Godawari Power & Ispat
- Stock rose as much as 9.8 percent to Rs 197.
- Company starts Rolling Mill and Iron Ore Beneficiation Plant. The Rolling Mill having a capacity of 4,00,000 tonnes per annum and Iron Ore Beneficiation Plant of 10,00,000 tons per annum have already received the Chhattisgarh Environment Conservation Board’s approval on Jan 18.
- Stock rose as much as 10.3 percent to Rs 60.70.
- ICRA assigns “Stable” Outlook to ITD Cementation’s credit rating. It was previous placed under “rating watch with developing implications”
- Stock hits an upper circuit of 20 percent.
- Gopikishan Damani buys 85.22 lakh shares (2.8 percent) at Rs 82.7 each.
- Stock has rallied 37 percent in two days
- Stock rose as much as 12.1 percent to Rs 1,629.80.
- Shares advanced up 78 percent in three months
Global Markets Update: Stocks Slide With U.S. Futures
Stocks fell in Europe and Asia on Wednesday and U.S. index futures erased an advance following another strong sell-off on Wall Street.
- The Stoxx Europe 600 Index declined 1.8 percent as of 8:50 a.m. London time.
- Futures on the S&P 500 Index fell 0.4 percent.
- Nasdaq 100 Index futures decreased 0.7 percent.
- South Korea’s Kospi index declined 1.3 percent.
- The MSCI Asia Pacific Index dipped 1.2 percent.
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IOL Chemicals Rallies For Fourth Consecutive Trading Session
Shares of IOL Chemicals and Pharmaceuticals extended gains for the fourth consecutive trading session. The stock rose as much as 15.7 percent to Rs 310.45.
Trading volume was more than five times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.
Market Check: Sensex, Nifty At Day’s Low
Indian equities extended declines to trade at day’s low.
The S&P BSE Sensex fell 1.23 percent or 500 points to 39,787 and the NSE Nifty 50 fell 1.24 percent to below 11,650. The broader markets represented by the NSE Nifty 500 Index fell 1.26 percent.