Cheap Stocks Fall Today: There was chaos in the stock market on Monday morning and the Sensex fell by more than 2,300 points. There is an atmosphere of fear among investors due to tension in the Middle East and crude oil prices crossing $115. In this decline, the biggest impact has fallen on 6 big stocks cheaper than ₹ 1000, which made investors lose money as soon as the market opened.
Top Losers Today Under 1000 Rupees: Monday morning was no less than a nightmare for the Indian stock market. As soon as the clock struck 9:15 in the morning, there was chaos in the market. The news of increasing tension in the Middle East (Gulf countries) and crude oil prices crossing $115 shocked investors. In no time the Sensex fell by more than 2300 points and the Nifty slipped below the level of 23,800. The biggest hit in this huge fall has been those small investors who had invested money in ‘cheap’ shares priced below ₹ 1000. Let us see which are those 6 shares, which collapsed like a house of cards in just an hour.
TMPV Share
As soon as the market opened, maximum selling was seen in this stock included in Nifty-50 which was cheaper than Rs 1000. The stock, which closed at ₹350.75 on Friday, has fallen to a low (LTP) of ₹331.25 this morning. In just a few minutes it has suffered a loss of more than 5%.
Tata Steel Share
This trusted share of Tata Group is badly battered today. The share is now trading at ₹187.50 compared to the previous closing of ₹198.46. This tsunami in the metal sector has given sleepless nights to Tata investors.
Shriram Finance Share
This legendary stock, which was just below ₹ 1000, has reached the level of ₹ 953.80 today. In the previous session it was at ₹1,007.50. This panic in the finance sector has wiped out crores of rupees of investors early in the morning.
Eternal Share
ETERNAL shares are also under heavy selling pressure since this morning. After falling from the price of ₹ 232.57, this stock has now come to ₹ 220.89. This stock is not showing signs of recovery in this market decline.
Jio Finance Share
This Reliance Group company has also given a big shock to its investors today. This share which closed at ₹ 239.35 is now trading at ₹ 227.40. This fall of about 5% has turned the portfolios of retail investors completely in the red.
Bajaj Finance Share
Bajaj Finance is also in the grip of this market decline today. It is now trading at ₹913.20, down from its previous closing of ₹950.20. This is another name among the stocks under ₹ 1000 which has increased the tension this morning.
Why is there devastation in the stock market?
Market experts believe that the ‘oil shock’ in crude oil and the war in the Middle East can increase inflation. At present, the mood of the market is completely negative, where about 2,300 shares are trading with a decline and only 549 shares are seeing green light.
Disclaimer: This article is for general information only. According to nseindia.com, the information and data of shares given in it are updates on Nifty-50 till 10 am. This is not any kind of investment advice. Investing in the stock market is subject to risk. Before investing in any share, definitely consult your financial advisor or market expert.