Monday, May 13, 2019

9 Trading Sessions - Loss @ Rs 8.53 lakh crore


In just nine trading sessions, between April 26 to May 13, as benchmark Sensex shed 1,940.73 points Market Capitalisation of BSE-listed companies tumbled Rs 8,53,788.75 crore to Rs 1,44,55,039.74 crores. Indian equities fell for the 9th session in a row on Monday as investors fretted about health of non-banking finance sector, US-China trade tensions and uncertainty over poll outcome. In their longest losing streak in years, the BSE Sensex crashed over 372 points and the NSE Nifty dived nearly 130 points on sustained sell-off across the board. The BSE index widened its loss towards the fag-end of the session on emergence of intense selling in financial stocks as fresh concerns over liquidity crunch re-emerged. After trading range-bound for most part of the day, the 30-share BSE benchmark saw steep plunge in the last hour and closed 372.17 points, or 0.99 per cent, lower at 37,090.82. The index hit an intra-day low of 36,999.84 and a high of 37,583.57. Similarly, the broader NSE Nifty sank 130.70 points or 1.16 per cent to settle at 11,148.20 points. During the day, the NSE gauge hit a low of 11,125.60 and a high of 11,300.20.

- Sun Pharma was the biggest loser with 9.39 per cent drop. Intra-day, the pharma major's shares tanked over 20 per cent.

- Other top Sensex laggards were Yes Bank, Tata Steel and Indusind Bank -- falling as much as 5.58 per cent.

- Among the gainers on the Sensex, HDFC topped the chart, rising 1.06 per cent, after the mortgage lender posted a 26.8 per cent rise in its standalone net profit. HUL, Infosys, Bajaj Finance, Coal India, Bajaj Auto and Hero MotoCorp too ended in the green.

- Sectorally, BSE healthcare, capital goods, power, oil and gas, metal, auto, energy and banking indices fell up to 3.53 per cent. On the other hand, only BSE IT index ended marginally higher. Broader BSE midcap and smallcap indices settled up to 2.15 per cent lower.

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