Global Markets in red amid recession fear, Indian markets almost plunges by 3% while Japan’s Nikkei index down by more than 12% today.
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Indian Markets
Nifty 50 index ends 662.10 points below 2.68% from last week’s closing after opening gap down in the beginning hour then continuously selling makes the nifty 50 to go down by more than 3% in the morning session.
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| Nifty 50’s movement today. |
A bad day for the market today, only 5 out nifty 50 stocks were ended in green and 45 ended in red. after a gap down open nifty 50 made its day’s low in the morning session and remained sideways throughout the day after a small recovery from day’s low.
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| Top indices performances |
A day to forget for Indian investors because every top indices has dropped around 2.50% today. Sensex dropped by 2.74%, Bank Nifty dropped by 2.45%, Financial services index dropped by 2.58%, Midcap Select Nifty was down by 2.62%.
Asian Markets
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| Asian Markets |
Recession fear in US has caused selling in stock market all over the world along with the Asian markets. Hong kong’s Hang Seng index plunges over 247 points or 1.46%. China’s SSE 180 index was down by 1.13% while Japan’s Nikkei had a biggest fall in a day since 1987. Plunges over 12% and 19% in last 3 trading sessions.
Sectoral Indices
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| Sectoral Indices |
Every sectoral index ended it red. among all the sectors, FMCG sector was the best performing sector in today’s bloodbath. only down by 0.32%. Pharma plunges by 1.46%, Healthcare was down by 1.66%. Private bank was down 2.27%, Consumer durable index plunges by 2.86%, the IT sector was down by 3.26%, Oil & Gas ended up by losing 3.71% today from previous session. Auto sector was down by 3.92%. PSU bank, Realty, Media all 3 sectors were down by more than 4% and in the end the Nifty Metal Index was the biggest loser in today’s session. it was almost down by 5%.
Gainers & Losers today
Nifty 50 Gainers
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| Nifty 50 gainers |
A red day all over the world but these 5 out nifty 50 stocks remained in green colour. HUL was the highest gainer in today’s market. it was up by 1.02% and 27.75 Rs. Next best was Tata Consumer, up by 0.70%. Nestle was up by 0.68% today. Britannia was up by 0.51% and the last stock that ended in green with least gain was the HDFC Life. it gained 0.21%.
Nifty 50 Losers
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| Nifty 50 Losers |
Nifty was down by almost 3% today. It was dragged down because of Tata Motors, ONGC, Adani Port, Tata Steel, Hindalco. The Tata Motors was the biggest loser of nifty 50. it was down by more than 7%. ONGC was the next nifty 50 dragger today, it was down by 6.39%. Adani Port was down by 5.92%. Tata Steel dropped by 5.61% and hindalco dropped by 5.25%.
Nifty 500 Gainers & Losers.
Gainers
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| Nifty 500 Gainers |
Only 331 stocks out of 2,856 stocks that traded today ended in green today. Here’s the list of nifty 500’s top 5 gainers. Cera was the top gainer in today’s market. it gained 5.65% today. GLS (Glenmark Life Sciences) was the 2nd most gainer. it was up by 5.54%. Next best performer of Nifty’s 500 was the Lalapath Lab. it was up by 1.98%. The Vijaya Diagnostic gained around 1.75%. Marico was the last out of top 5. It has gained over 1.45% today.
Losers
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| Nifty 500’s top Losers |
Today’s Nifty 500’s Losers were CAMS, Thermax, LIC housing Finance, Samvardhan Motherson & MMTC. CAMS down (9.76%), Thermax down (8.97%), LIC housing Finance down (8.56%), Samvardhan Motherson down (8.49%), MMTC down (7.96) In today’s market.
FII & DII Activity
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| FII & DII activity |
The day when everything was turning red that day the DII decided to buy shares worth Rs 9,155.55 Crore and the sellers were the FIIs who sold shares worth Rs 10,073.75.
Key Points of today’s recap
Take a look at key points of today’s recap.
- Recession fear in US causes global market slowdown.
- Japan’s Nikkei down over 12% and 19% in last 3 trading sessions.
- Every Indian Index was in red.
- FMCG was the best performer, Only down by –0.32%.
- The worst performing sectoral index was the Metal Index that is down by almost 5%.
- HUL was the top most gainer after gaining more than 1% today.
- Worst nifty 50 performer was the one of the most favorite stock, the tata motors that is plunged over 7%.
- Cera was the top gainer of nifty 500 index and CAMS was the top Loser.
- DII bought the shares worth 9,155 crores while FII sold shares worth 10,073 Crores.
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Source used in the article are from NSE India.
