Thursday, March 12, 2020

BIG BOLD BLACK IN NIFTY ON 12 MARCH 2020




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Today Markets closed with historic decline. Market recorded its worst day in history as both Sensex and nifty registered their worst falls today. Sensex and the Bank Nifty closed at a two-year low while the Nifty closed at a near 3-year low. The Sensex has slipped below 32,850. At the same time, the Nifty has slipped below 9,600. The Nifty has dropped 2500 points in 4 sessions. The midcap index has closed at a 39-month low. All sector indices have closed below 52 weeks. The metal index has closed at a 3-year low. At the same time, the auto index has closed at a near 6-year low.  HDFC Bank was the most falling stocks of today. It is followed by RIL, ICICI Bank, HDFC, Kotak Bank, Axis Bank, Infosys, TCS, ITC, L&T and SBI also. Short Buildup was seen in stocks like TCS, EICHER MOTORS, JUBILANT FOODWORKS, PVR, HAVELLS INDIA,& VOLTAS. Volume spike of 100-400% was seen in stocks like EXIDE INDUSTRIES, COLGATE PALMOLIVE, TATA POWER, HAVELLS INDIA, & GMR.
TOP LOSERS-YESBANK, UPL, VEDL, HINDALCO, ONGC, SBIN, GAIL, AXISBANK
 

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