Stocks Plunge in Mumbai Trading Amid Selling Pressure
In Mumbai trading on Friday, several stocks experienced significant declines of over 5%, while the BSE Sensex, the equity benchmark, traded 231.62 points lower at 65,397.62. The market saw brisk selling in frontline bluechip counters.
Top Losers on the BSE
Among the top losers on the BSE were Focus Business Sol (down 20%), Beekay Niryat (down 19.99%), Riddhi Steel and Tub (down 16.90%), Ranjeet Mechatronics (down 16.49%), and SSPN Finance L (down 15.28%).
Nifty Pack Performance
In the Nifty pack, 15 stocks closed in the green, while 35 stocks ended in the red. The index itself closed 82.05 points down at 19,542.65.
Fresh 52-Week Lows and Highs
On the BSE, Beekay Niryat, Manraj Housing, Kome-on Communic, Thakral Service, and IndiaNivesh Ltd hit their fresh 52-week lows. On the other hand, Bombay Burmah, Emami Realty, Dhunseri Invst, Hind Aluminium, and Patspin India touched their fresh 52-week highs.
Hot Take: Market Volatility Continues as Selling Pressure Mounts
In today’s Mumbai trading session, the stock market witnessed a significant decline in several stocks as selling pressure continued to mount. The BSE Sensex and the Nifty pack both experienced losses, with the BSE Sensex trading 231.62 points lower and the Nifty index closing 82.05 points down.
The top losers on the BSE included Focus Business Sol, Beekay Niryat, Riddhi Steel and Tub, Ranjeet Mechatronics, and SSPN Finance L. However, there were some stocks that bucked the trend and closed in the green.
The market also saw fresh 52-week lows for Beekay Niryat, Manraj Housing, Kome-on Communic, Thakral Service, and IndiaNivesh Ltd. On the other hand, Bombay Burmah, Emami Realty, Dhunseri Invst, Hind Aluminium, and Patspin India reached their fresh 52-week highs.
The volatile market conditions indicate the need for investors to stay updated with the latest market news and expert advice to make informed investment decisions.
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