D-Street fall in numbers: Investors lose Rs 7 lakh crore; 500 stocks hit lower circuit

D-Street fall in numbers: Investors lose Rs 7 lakh crore; 500 stocks hit lower circuit

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Investors on Dalal Street witnessed wealth erosion of over Rs 7 lakh crore on Monday as market participants preferred to book profits, amid weak global cues and concerns over a new strain of the virus leading to fresh restrictions in European countries. Market capitalisation of BSE-listed firms tanked to Rs 178 lakh crore from Rs 185 lakh crore on Friday.
The BSE Sensex tanked 1,407 points to 45,554 while the NSE Nifty50 ended the day 432 points down at 13,328.

Here is how the market selloff panned out for a different set of stocks:

Nearly 500 stocks hit lower circuit
As many as 473 stocks on the BSE hit their lower circuit on the BSE. Some of the stocks in the list included Prozone Intu, SpiceJet, Graphite India, Vipul, Tata Steel PP and Hindustan Copper, among others.

India VIX jumps 22%
Volatility index, or India VIX, climbed 21.74 per cent to 22.76. A sudden spike in volatility index suggests bear grip on the market with the upside capped.

Top 5 losers eroded Rs 1.95 lakh crore in wealth
Reliance shares fell 2.92 per cent to Rs 1,934 level in Monday’s trade. As a result, its m-cap fell roughly to Rs 12.26 lakh crore intraday from Rs 13.47 lakh crore in the previous day. Private sector lender ICICI Bank saw its m-cap falling to Rs 3.39 lakh crore from Rs 3.57 lakh crore, while HDFC Bank’s slipped to Rs 7.61 lakh crore from Rs 7.77 lakh crore. The market value of FMCG major ITC also declined to Rs 2.46 lakh crore from Rs 2.64 lakh crore, while HDFC’s market cap plunged to Rs 4.31 lakh crore from Rs 4.46 lakh crore. Overall, the top five losers eroded investors’ wealth by Rs 1.95 lakh crore.

Select midcap stocks decline up to 12%
Tata Power fell 10.70 per cent to Rs 68. Canara Bank declined 10.35 per cent to Rs 109.10. Federal Bank fell 9.65 per cent to Rs 59.95. RBL Bank was down 9.69 per cent to Rs 205. GMR Infra, BHEL, AU Small Finance Bank and ABFRL declined 8-10 per cent.

Over 100 stocks hit 52-week highs
As many as 105 stocks on the NSE still managed to scale their fresh 52-week high during the day. Some of the stocks in the list included 20 Microns, Birlasoft, Cadila Healthcare, Cera Sanitaryware, HFCL, HIL, Ice Maker Refrigeration and Gland Pharma. On the other hand, Jump Networks and Ravinder Heights hit their new 52-week low.

Nearly 500 stocks hit lower circuit
As many as 473 stocks on the BSE hit their lower circuit on the BSE. Some of the stocks in the list included Prozone Intu, SpiceJet, Graphite India, Vipul, Tata Steel PP and Hindustan Copper, among others.

India VIX jumps 22%
Volatility index, or India VIX, climbed 21.74 per cent to 22.76. A sudden spike in volatility index suggests bear grip on the market with the upside capped.

Metals and mining stocks take a beating
The entire BSE Metals basket was quoting in the red. The index was trading 5.75 per cent down at 10,717 with Nalco falling the most 10 per cent. It was followed by Vedanta (down 8.55 per cent), Jindal Steel (down 7.50 per cent), Hindalco (down 7.32 per cent) and Coal India (down 5.82 per cent).

Credit: Stocks-Markets-Economic Times

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