D-street's losses piled up on Monday, after the Sensex lost 295.81 points or 0.93%. Currently the tally stands at 31626.63, this after Friday's massive 447 point loss.
The loss on Monday was little surprising, considering most brokerages had suggested a flat day. Geopolitical tensions, the strengthening dollar, and the nearing of F&O expiry date were the reasons.
The trading session saw most heavyweights reeling under immense selling pressure, with only one stock rising for 3 in the losing side.
The Sensex heatmap thankfully looks a little greener in comparison with the one on Friday. On Friday, only one stock traded in the green.
Coal India, ICICI Bank, Hindustan Unilever, Power Grid Corporation, Reliance and TCS, and two others remained in the green. While, Adani Ports, ITC, Larsen Toubro, Lupin ended the day with over 2% intra-day losses.
Realty stocks contributed heavily to the loss. It was down by 3.46% in intra-day losses. Basic Materials (1.98%), Healthcare (1.75%), Capital Goods (1.58%) were the top sectors in the loss.
The heatmap on the broader side was in the red too, with Next 50, BSE 100, BSE 200, and BSE 500 all recording major declines. The Small cap index was reeling under a 2.02% loss, while the large BSE Small cap index ended the day with a 1.82% decline.
Infibeam, IB Realties, DHFL, JP Associates, Indigo Aviation, were the top losers in the day, while Shipping Corporation of India, United Breweries Limited, Aegis Logistics, BF Utilities and Oberoi Realty remained the gainers.
Shipping Corporation of India fared with a 11.61% gain, while United Breweries fetched in a 53.55 point (6.62%) gain.
The star performer for the day was Shoppers Stop with a 83.15 point or nearly 20% intra-day gain. It raced off to its 52 week high of 499.70 points during the session. The much spoken about Amazon's investment in the physical store should help it add 25 more stores besides boost revenue.
Govind Shrikhande, the company Managing Director has suggested that one could expect an addition of 20 new stores in the coming four years.
The NSE Nifty traced a similar graph as that of the Sensex, to end 91.80 points or 0.92% in the red at 9872.60.
Sadly, the trend of flat margins is likely to continue through the week, with ICICI securities, the brokerage house, indicating that markets will be driven through the week by ongoing geopolitical tensions, imminent government' economic stimulus and the expiry of F&O date.
