Key Points
Sensex and Nifty declined for a third day in a row to close at 5-month low levels on Monday due to a massive sell-off in banking, finance and auto stocks as fears of potential contagion from the biggest bank failure in the US since 2008 gripped Indian equity markets..
Up moves could face resistance at 17325, said Deepak Jasani, Retail Research Head, HDFC Securities, said.. Bloodbath was seen in the global market as the fallout of Silicon Valley Bank was followed by turmoil at Signature Bank, keeping investors worried about the strength of the US banking system..
Sona BLW Precision (Shares traded: 12.36 crore), Yes Bank (Shares traded: 8.91 crore), Suzlon Energy (Shares traded: 2.85 crore) and Vodafone Idea (Shares traded: 2.79 crore) were among the most traded stocks in the session on NSE...
Shares of Action Construction, NCC, HAL, Kaynes Technology, Mahanagar Gas and Cummins India, among others, witnessed strong buying interest from market participants as they scaled their fresh 52-week highs, signaling bullish sentiment...
Shares of Brightcom Group, Piramal Pharma, Piramal Enterprises, Network18 Media, Pfizer, Bayer Cropscience, Muthoot Finance, Relaxo Footwears among others hit their 52-week lows, signaling bearish sentiment on the counters...
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