The broader markets outperformed and managed to end with gains despite the selling pressure in frontline stocks. Debutant Go Fashion ended with a spectacular 81 per cent gain
The broader indices lagged in trade on Monday. The BSE Midcap and Smallcap indices ended with losses of 0.9 per cent and 1.9 per cent, respectively
The stocks witnessed their biggest intra-day fall since April 12, 2021, and also their biggest weekly fall since January 29, 2021
Here are the key reasons why the markets traded weak on Friday.
Latent View Analytics was locked at the 20 per cent upper circuit for the second straight day. The stock has now zoomed 257 per cent from its issue price in just three trading sessions
Debutant Latent View Analytics ended with a gain of 147.5 per cent. Overall market breadth was extremely positive
Broader indices suffer deeper cuts; SmallCap index declines 3%; RIL sinks 4% after calling off deal with Saudi Aramco
In past four trading days, the S&P BSE Sensex has tanked 4 per cent or 2,412 points on concerns about European Covid-19 curbs and on risk of the US Federal Reserve speeding up stimulus withdrawal.
The BSE Sensex plunged over 1,600 points, while the NSE Nifty dropped below the 17,500-mark in a broad-based sell off.
The research and brokerage house had recently downgraded India to equal-weight in their global emerging markets (GEMs) country portfolio.
The broader markets ended with deeper cuts, the BSE Midcap and Smallcap indices were down 1.5 per cent each
Maruti and Asian Paints were the top gainers among the Sensex 30 stocks, up 2.3 per cent each
Auto stocks outperform on reports that chip shortage may be easing; Cement stocks decline on reports of price cut in Delhi-NCR
Stock market LIVE: The NSE Nifty swung in a range of 174 points, and finally settled at 17,999, down 110 points
Debutants exhibited mixed outing on Day 1. PB Fintech was up 4.4 per cent, Sigachi Industries zoomed 270.5 per cent, while SJS Enterprises ended at a 5 per cent discount to issue price
In the primary market, Latent View Analytics IPO witnessed frenzied demand, and was subscribed over 305 times with strong demand from non-institutional investors
Among sectoral indices, the BSE Realty index plunged 2.5 per cent. The Bankex, Healthcare and Telecom indices were down over a per cent each
Among sectors, the BSE Auto index jumped 1.3 per cent. The Capital Goods, Energy and Oil & Gas indices were also up around a per cent each. The Metal index, however, was down 0.8 per cent
The broader markets also logged decent gains. The BSE Midcap and Smallcap indices jumped 1.3 per cent and 0.9 per cent, respectively.
The special, one-hour Muhurat Trading session on Thursday ended with gains of 0.5% for the headline indices