Stocks Plunge in Mumbai Trading Amid Selling Pressure
Several stocks experienced significant declines in Mumbai trading on Tuesday, despite the BSE Sensex trading slightly lower. The benchmark index was down 78.22 points at 65945.47, as selling pressure affected leading bluechip counters.
Top Losers on the BSE
Among the top losers on the BSE were Earthstahl & Alloys (down 13.60%), EKI Energy Services (down 10.00%), Promax Power (down 10.00%), JCT Ltd (down 9.81%), and Alkosign Ltd (down 8.77%). These stocks saw a significant decline in today’s trade.
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Nifty Pack Performance
In the Nifty pack, 26 stocks closed in the green while 24 ended in the red. The index itself closed 9.85 points down at 19664.7.
52-Week Highs and Lows
During today’s trade, Cressanda Sol(PP), Innovatus Entertain, Kahan Packaging, Bheema Cements Ltd., and Mehta Housing hit their fresh 52-week lows, while Winsome Yarns, Lakshmi Auto, Informed Tech, Shreyas Ship, and Airan Ltd. touched their fresh 52-week highs.
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Hot Take: Mumbai Stocks Experience Significant Declines Amid Selling Pressure
Several stocks in Mumbai trading witnessed substantial declines, influenced by brisk selling in leading bluechip counters. Despite the BSE Sensex trading slightly lower, with 26 stocks closing in the green and 24 ending in the red, certain stocks experienced significant drops. Additionally, some stocks hit fresh 52-week lows, while others reached new 52-week highs. To stay updated with the latest market news and expert advice, you can subscribe to ETMarkets’ Telegram feeds. For daily market updates and live business news, you can download The Economic Times News App.
