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The
fear of corona virus is pulling down the stock market every day; fear of corona
dominates the market. Today market has closed at a 3-year low today. Sensex
closed 5.59 % down at 28869 today, while nifty closed down 4 % at 8541. Banknifty
has lost 1700 points. Private banks have slipped more. Indusind Bank has fallen
73% in 3 months.Today Indusind Bank has lost 30 %. This stock is looking at a
6-year low. Banks are the biggest contributor to the market collapse. Kotak bank
9 % & hdfc twins have slipped 5-5 %.
Bank Nifty is getting the highest selling pressure. Bank Nifty is broken 7 %. Indusind
bank & SBI have recorded the biggest decline in the last two decades. ICICI
Bank, Kotak Mahindra and Axis Bank have put pressure.On the other hand, telecom
shares are scattered due to relief from SC. Consumer durable, psu, realty all
are beaten up today. IT, auto stocks are also down today.
TOP
GAINERS- ZEEL,YESBNK,ONGC,ITC,TCS
TOP LOSERS-INDUSIND BANK,INFRATEL,HDFCBNK,JSWSTEEL
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