Share Market Today: There was a ‘Black Thursday’ like atmosphere in the stock market on Thursday morning, where as soon as the market opened, the Sensex fell by about 1,700 points and the Nifty fell below the level of 23,300. The banking and finance sector has been hurt the most in this decline, with HDFC Bank and Shriram Finance being the top losers. See the top-10 list…
Top 10 Losers Today:The bullish trend going on in the stock market for the last three days suddenly came to a halt on Thursday. Due to the turmoil in the global market and the Iran war, crores of rupees of investors were wiped out in a moment. By 10 am, the Sensex fell by 1718 points, while the Nifty also fell below the level of 23,300. Let us see which 10 companies on Nifty-50 have been hurt the most.
HDFC Bank Share: Banking sector giant worst hit
HDFC Bank has seen the biggest decline as soon as the market opens. The stock opened at ₹770.00 with huge weakness compared to the previous close of ₹843.05. It made a high of ₹ 814.50 in the first one hour of trading but under selling pressure it is currently trading at ₹ 801.35, down 4.95%. Till now, huge volume of more than 6.87 crore shares has been seen.
Shriram Finance Share: Panic in finance shares
The morning did not start well for the investors of Shriram Finance. The stock opened at ₹1,000.00 and this has been its all-time high. After failing to hold higher levels, it dropped to a low of ₹981.50. It is currently down by 3.56% at ₹985.20, which is much lower than its previous close of ₹1,021.60.
Eternal Share: Another share in the grip of decline
Shares of Eternal are also facing the brunt of the market today. It opened at ₹236.99 against its previous close of ₹242.54. It touched a high of ₹238.49 during early trade but then slipped to a low of ₹233.20. Currently this share is trading at a price of ₹ 233.90 with a weakness of 3.56%.
L&T Share: Selling pressure on infra giant
Shares of Larsen & Toubro have also remained sluggish since this morning. The stock opened at ₹3,526.70 and after making a minor high of ₹3,528.30, fell to a low of ₹3,466.00. Currently it is at ₹3,487.60 with a decline of 3.33%. Rising prices of crude oil remain a matter of concern for this big infra company.
TMPV Share: Red mark in auto related stocks also
TMPV shares fell 3.29% in the first hour. This share, which closed at ₹ 324.75, opened today at ₹ 318.00. During the day it made a high of ₹318.95 and a low of ₹311.60. At present, investors seem to be cautious in this stock and it remains at the level of ₹ 314.05.
Axis Bank Share: All-round selling in private banking
Axis Bank shares also sank into the red in the initial session today. It opened at ₹1,221.00 and touched a high of ₹1,241.50 and fell to a low of ₹1,208.70. Currently this share is trading at ₹ 1,212.30 with a decline of 3.26%. There is a lot of weakness in it compared to the previous close of ₹1,253.20.
Bajaj Finance Share: The condition of the lending company is tenuous.
There is a selling environment in Bajaj Finance also since this morning. The stock opened at ₹868.20 and after making a high of ₹869.90, slipped to a low of ₹850.60. At present it has fallen by 3.23% to ₹ 851.70. The tough stance of the US Federal Reserve has increased the concern of this finance giant.
Grasim Share: Share slipped from upper levels
A decline of 2.85% is seen in the shares of Grasim Industries today. The stock opened at ₹ 2,700.00, which was also its today’s high, but after that there was continuous selling and it went to a low of ₹ 2,643.30. Currently it is priced at ₹2,645.40, while its previous close was ₹2,723.10.
InterGlobe Aviation Share: Expensive oil becomes villain
This morning was full of difficulties for IndiGo. This aviation stock has declined by 2.76% due to crude oil crossing $110. After opening at ₹4,320.00, it dropped to a low of ₹4,230.00. It is currently trading at ₹4,240.30, which is much lower than its previous close of ₹4,360.60.
Kotak Bank Share: Huge fall at number 10 in the list
Kotak Mahindra Bank also could not escape the market blow in the initial session today. The stock opened at ₹366.15 and after touching a high of ₹370.15, fell to a low of ₹364.90. Currently it is trading at ₹365.20 with a weakness of 2.72%. The effect of all-round selling in the banking sector today is clearly visible on this stock also.
Disclaimer: The information given in this article is for informational and educational purposes only. Investing in the stock market is subject to market risks and prices may fluctuate significantly. The figures mentioned here are updates as per nseindia.com till 10 am, which may change during the day. We do not recommend buying or selling any shares. Before making any investment, please consult your certified financial advisor or market expert.
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