Stocks got off to a strong start on Monday, the first trading day of the week. The 30-share Sensex on the Bombay Stock Exchange opened nearly 500 points higher, while the National Stock Exchange’s Nifty also opened over 100 points higher. But just 15 minutes later, the gains turned into losses, with both indexes in the red. Meanwhile, the share price of HDFC Bank, the largest private sector lender, rose rapidly, rising by more than 2%.
Sensex-Nifty gains strongly
Stock market trading started on a positive note on Monday, driven by positive signals globally. On the one hand, the BSE Sensex jumped sharply from its previous close of 81,224.75 points and started trading at 81,770.02 points. The NSE Nifty opened at 24,956.15 points, up 100 points from its previous closing price of 24,854.05 points.
Against the backdrop of a strong start to the stock market along with the Sensex-Nifty, stocks of around 1,728 companies started trading at the green mark and rose, while stocks of 807 companies fell. At the same time, 167 shares remained unchanged.
The pace lasted only a few minutes
The strong rise in the stock market lasted for a few minutes and turned negative around 9.35 am, with the BSE Sensex falling by about 330 points to below 81,000 points, while the NSE’s Nifty also suddenly turned from green to red and started trading in this zone. . Shares of Tech Mahindra, HDFC Bank, Tata Steel, Hindalco and HDFC Life were higher in early trade, while those of Tata Consumer, Kotak Mahindra Bank, Bharti Airtel, Britannia and HUL were in the red.
These five stocks are seeing strong gains
Talking about stocks that were mixed on Monday, the first name that emerged was HDFC Bank Share, which was trading at Rs 1,721.70 at press time, up 2.41%. Apart from this, Tech Mahindra stock was trading at Rs 1,723.80, up 2.12%. Among mid-cap stocks, Mazgaon Dock was trading at Rs 4,700, up 3.72%, while UCO Bank was trading at Rs 47.15, up 3.29%. Apart from this, Tejas Network shares gained 14.56% and were trading at Rs 1,362.90.
These stocks crashed after the market crashed
Now let us talk about the stocks that have fallen the most after the sudden fall in the stock market. Among the large cap stocks, Kotat Bank stock fell by 5.28%, Bharti Airtel stock fell by 2.56% and IndusInd Bank stock fell by 2.34%. Dalmia Bharat shares in the midcap category fell 3.23 per cent and GMR Infra shares fell 2.89 per cent. Apart from this, among smaller companies, PNC Infra fell 20%, IndiaMart fell 16.51% and RBL Bank fell 12.75%.
(Note – Always take advice from market experts before making any kind of investment in the stock market.)
