Significant Drop in Stock Market: BSE Witnesses 5% or More Decline in These Particular Stocks

Significant Drop in Stock Market: BSE Witnesses 5% or More Decline in These Particular Stocks


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

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

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.

Author – Contributor at Lolacoin.org | Website

Cindy Dutta emerges as a polymath of the crypto realm, seamlessly blending the roles of analyst, researcher, and editorial virtuoso. Navigating the intricate labyrinth of cryptocurrencies, Cindy unfurls intricate patterns of digital assets, resonating harmoniously with minds of all kinds. Her knack for unraveling enigmatic crypto intricacies intertwines effortlessly with her editorial finesse, transmuting complexity into an immersive symphony of comprehension. A guiding star for both seasoned explorers and neophytes treading the cryptic waters, Cindy’s insights forge a compass for informed decision-making amidst the ever-shifting currents of digital finance. With the precision of a craftsman, they craft a narrative that enriches the evolving mosaic of the crypto landscape.