Stocks Plunge as BSE Sensex Rises Amid Brisk Buying
In Mumbai trading on Thursday, several stocks experienced significant declines of more than 5%, even as the BSE Sensex, the equity benchmark, saw a rise of 335.39 points to reach 73097.28. This increase was driven by brisk buying in frontline bluechip counters.
Top Losers in Today’s Trade
- Davangere Sugar: The stock plummeted by 19.96%.
- AVI Products India: The stock dropped by 16.04%.
- Achyut Healthcare: The stock fell by 13.66%.
- Gopal Snacks Ltd.: The stock declined by 10.21%.
- Siel Financial: The stock decreased by 10.00%.
These stocks were among the top losers on the BSE today.
Nifty Pack Performance
Out of the stocks listed in the Nifty pack, 35 closed in the green while 15 ended in the red. The index itself closed with a gain of 148.96 points at 22146.65.
Fresh 52-Week Highs and Lows
In today’s trade, several stocks hit fresh 52-week lows and highs:
- Fresh Lows:
- Thinkink Picturez
- Cressanda Sol
- Forbes Company
- Stampede Cap(DVR)
- Yarn Syndicate(PP)
- Fresh Highs:
- Virat Leasing L
- Dugar Housing Dev.
- Gogia Capital
- Cigniti Tech
- ABB Power
Hot Take: Market Volatility Persists Amidst Mixed Performance
The stock market remains volatile, with some stocks experiencing significant declines while others continue to rise. This mixed performance reflects the uncertainty and unpredictability of the current market conditions. As an investor, it is important to stay informed and make well-informed decisions based on thorough research and analysis. Keep a close eye on the market trends and seek expert advice if needed. Remember, volatility can present both opportunities and risks, so proceed with caution and always prioritize risk management in your investment strategy.
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