Stocks Plummet in Mumbai Trading Amidst Selling Pressure
In Mumbai trading on Thursday, several stocks experienced significant drops of over 5%. This occurred as the BSE Sensex, the equity benchmark, traded 132.04 points lower at 69521.69 due to brisk selling in frontline bluechip counters.
Top Losers on the BSE
Among the top losers on the BSE were Octaware Technologie (down 19.84%), PayTM (down 18.69%), Veerkrupa Jewellers (down 10.00%), Money Masters (down 9.99%), and Angel Fibers (down 9.84%). These stocks experienced substantial declines in today’s trade.
Nifty Pack Performance
The Nifty pack had mixed performance, with 25 stocks closing in the green and 24 stocks ending in the red. The index itself closed 36.55 points lower at 20901.15.
52-Week Highs and Lows
During today’s trade, Enbee Trade Fin, Synthiko Foils, Midwest Gold, Adhbhut Infrastructu, and Kotia Enterprises hit their fresh 52-week lows. On the other hand, Spicejet, Bloom Ind, Advait Infratech, Windsor Machine, and Netlink Sol touched their fresh 52-week highs.
Hot Take: Market Volatility Continues with Stocks Plunging
The Mumbai stock market witnessed another day of volatility as several stocks plummeted amidst brisk selling pressure. This downward trend affected both the BSE Sensex and Nifty pack, causing declines in various sectors. Investors continue to closely monitor market movements to make informed decisions regarding their investments. Stay updated with the latest market trends to navigate these challenging times effectively.
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