An evening walk down Dalal Street | Investors lose nearly Rs 3L crore on manic Monday; Nifty gives up 11,000, Sensex down 530 pts

At the close of market hours, the Sensex closed down 536.58 points or 1.46% at 36305.02, while the Nifty was down 175.70 points or 1.58% at 10967.40

The selloff was largely seen among financials, particularly non-banking financial companies (NBFCs), which weighed big on the indices.

Investors seem to be concerned about liquidity issues, particularly in the housing finance companies (HFCs). The likes of HDFC and Indiabulls Housing Finance were trading lower.

The opening minutes witnessed a reverse trade as benchmarks rose in the first few minutes. But selling in banks in the first ten minutes of trade ensured both Sensex and Nifty gave up all of their gains and traded in the red.

However, a further selloff among NBFCs pushed indices lower into the red zone. Sentiment was also dented with midcaps as well as auto names taking a big hit as well.

At the close of market hours, the Sensex closed down 536.58 points or 1.46% at 36305.02, while the Nifty was down 175.70 points or 1.58% at 10967.40. 

The market breadth is negative as 543 shares advanced, against a decline of 2,092 shares, while 161 shares were unchanged.

TCS and Coal India were the top gainers, while HDFC, M&M, Eicher Motors and Indiabulls Housing lost the most.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin