Stocks Plunge in Mumbai Trading as Sensex Drops
In Mumbai trading on Monday, several stocks experienced significant declines of over 5%. This occurred as the equity benchmark BSE Sensex dropped by 116.62 points to reach 67722.01. The market saw brisk selling in frontline bluechip counters.
Stock Declines on the BSE
During the session, multiple stocks on the BSE plunged by more than 5%. These included Focus Business Sol (down 20%), EPIC Energy (down 12.48%), Benara Bearings (down 11.65%), Shyam Telecom (down 9.38%), and Quality RO Industrie (down 9.03%).
Nifty Stocks Performance
In the Nifty pack, 29 stocks were trading in the green, while 20 stocks were trading in the red. The Nifty index itself was down by 20.75 points at 20171.6.
Fresh 52-Week Lows and Highs
On the BSE, Toyam Industries, Dhruv Wellness, A F Enterprises, Advance Syntex, and GCM Sec hit their fresh 52-week lows. On the other hand, Diamond Power, KIOCL, IOB, A Infrastructure, and Punjab Sind Bank reached their fresh 52-week highs.
Hot Take: Market Volatility Continues
The stock market in Mumbai experienced volatility as several stocks saw significant declines during Monday’s trading session. The BSE Sensex dropped while selling pressure affected bluechip counters. This volatility highlights the importance of carefully monitoring market trends and making informed investment decisions.
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