The performance of the stock market over the past few days has surprised investors. As the trade opened, Sensex-Nifty opened strongly with gains, but soon turned from gains to losses, and both ended with losses. The same situation played out on Thursday, the fourth trading day of the week. The 30-share Sensex index on the Bombay Stock Exchange initially rose 135 points before falling 227 points within minutes.
Sensex falls below 80,000 points
Even on Thursday, the fourth trading day of the week, the stock market seemed to be surprising. Despite the weak global situation, both the Sensex and Nifty opened in the green zone. The BSE Sensex started trading on the green mark and gained 135 points to trade at 80,215 points. But suddenly, the initial momentum was left behind and the Sensex entered the red zone. At the time of writing, at 9.35 am, the Sensex was down 227.82 points and is currently trading at 79,854.16 points.
Nifty also fell early
Not just the Sensex, the Nifty also seemed to be following suit and soon fell around 90 points to 24,341.20. Earlier on Wednesday, the Nifty fell 37 points to end at 24,435 points and the Sensex fell 138 points to end at 80,081 points. Small-cap and mid-cap indices including Bank Nifty also fell.
These 10 stocks were sold out as soon as the market opened.
If we talk about the 10 stocks that fell the most on Thursday when the market suddenly fell, then let us tell you that 16 out of 20 stocks in the large cap category of BSE were in the red as of writing the news. This included HUL shares falling 5.29% to Rs 2,515.10 and Nestlé India shares falling 1.70% to Rs 2,287.50. Apart from this, Bharti Airtel shares also fell by 1.50% and were trading at Rs 1,661.
The status of small and mid-cap stocks
KPI Tech, which belongs to the mid-cap category, fell 7.62 per cent to Rs 1,507.80, Escorts fell 7.36 per cent to Rs 3,430.25 and PEL fell 2.81 per cent to Rs 1,015.55. On the other hand, companies in the small-cap category include JCHAC Share down 10.03%, Haritage Food Share 5%, KICL Share 5%, Reltd Share 4.99%.
(Note – Always take advice from market experts before making any investment in the stock market.)
