Sectors and stocks that dragged the market most in Fridays crash
On the back of renewed covid fears, the Indian markets witness a massive fall in a year as the Sensex plunged over 1700 points, while the Nifty testing at the 17000-mark. The markets tumbled mainly due to weak global cues as well after a new variant of Covid-19 detected in South Africa. The BSE Sensex tumbled 1688 points or 2.87 per cent to 57,107, while Nifty50 skid over 526 points or 3 per cent to 17009 level at the market close on Friday. Even the broader markets followed the suite of benchmarks as the both the mid and small- cap indices slipped around 3 per cent at the market close today. Here are some of the sectors that plunged the most today:
Realty Stocks: Down 6.26%
As per NSE, the realty index was down by 300.25 points or 6.26 per cent. The top losers in this segment are Phoenix, DLF and Sunteck. According to NSE, Phoenix Mills closed in red at Rs 960 with a drop of 8.30 per cent. The shares of DLF closed in red at Rs 375.35 with a drop of 7.83 per cent. The shares of Sunteck closed in red at Rs 437 with a drop of 7.04 per cent. Source: Reuters
Metal Stocks: Down 5.34%
As per NSE, the nifty metal index was down by 300.25 points or 5.34 per cent. The top losers in the segment are Nationalum, JSW Steel and Jindal Steel. As per NSE, the Nationalum or National Aluminium Company closed in red at Rs 87.95 with a fall of 9.24 per cent. JSW Steel closed in red at Rs 630 with a fall of 7.48 per cent. Jindal Steel closed in red at Rs 353.50 with a fall of 7.35 per cent. Source: Reuters
Auto Stocks: Down 4.34%
As per NSE, the nifty realty index was down by 488.15 points or 4.34 per cent. The top losers in this segment are Tata Motors, Ashok Leyland and Maruti. According to NSE, the shares of Tata Motors closed in red at Rs 459.40 with a drop of 6.77 per cent. The shares of Ashok Leyland also closed in red at Rs 125.45 with a drop of 6.21 per cent. The shares of Maruti Suzuki also closed in red at Rs 7150 with a drop of 5.58 per cent. Source: Reuters
PSU Banks: Down 4.21%
As per NSE, the nifty psu bank index was down by 115.50 points or 4.21 per cent. The top losers in the segment include PSB, J&K Bank and Canara Bank. According to NSE, the shares of Punjab and Sind Bank closed in red at Rs 16.10 with a drop of 6.12 per cent. The shares of Jammu and Kashmir Bank also closed in red at Rs 37.70 with a fall of 6.10 per cent. The shares of Canara Bank also closed in red at Rs 202.40 with a drop of 5.88 per cent. Source: Reuters
Media Stocks: Down 3.54%
As per NSE, nifty media index was down by 81.75 points or 3.54 per cent. The top losers in the segment include Inox, Network 18 and Hathway. According to NSE, the shares of Inox closed in red at Rs 380 with a drop of 8.21 per cent. The shares of Network 18 also closed in red at Rs 77.50 with a drop of 5.78 per cent. The shares of Hathway also closed in red at Rs 20.70 with a drop of 3.94 per cent. Source: Reuters