Share market update: Market extends losses; these stocks plunge up to 9%
NEW DELHI: Mirroring the bearish mood of domestic equity market, shares of Weizmann Forex (down 9.53 per cent), Texmaco Infra (down 9.27 per cent) and Credit Access Grameen (down 8.18 per cent) plunged up to 9 per cent on NSE during Monday's session.
Stocks such as Bajaj Hindustan Sugar (down 7.69 per cent), Vakrangee (down 7.63 per cent), National Fertilizers (down 7.16 per cent), Motherson Sumi (down 7.04 per cent), Repco Home Finance (down 6.41 per cent) and Dalmia Bharat (down 6.27 per cent) declined over 6 per cent.
Domestic equity benchmarks on Monday entered into the red after kicking off the trade on a firm note, thanks to lack of directional cues from peers, as concerns over no immediate relief from rising crude oil prices after Russia and Saudi Arabia’s crude output comments and weakening rupee weighed on the domestic sentiment.
The NSE Nifty50 index was trading 100 points down at 11,043 around 10:15 am. The 30-share BSE Sensex was down 267 points at 36,574 around the same time.
In the Sensex index, 12 stocks were advancing and 19 were declining.
ONGC, Infosys, Tech Mahindra, Coal India, Vedanta and Hindustan Unilever were among the heavyweights that were trading with gains.
However, IndusInd Bank, Ultratech Cement, Maruti Suzuki India, Mahindra & Mahindra and HDFC were among the top heavyweight losers.
Stocks such as Bajaj Hindustan Sugar (down 7.69 per cent), Vakrangee (down 7.63 per cent), National Fertilizers (down 7.16 per cent), Motherson Sumi (down 7.04 per cent), Repco Home Finance (down 6.41 per cent) and Dalmia Bharat (down 6.27 per cent) declined over 6 per cent.
Domestic equity benchmarks on Monday entered into the red after kicking off the trade on a firm note, thanks to lack of directional cues from peers, as concerns over no immediate relief from rising crude oil prices after Russia and Saudi Arabia’s crude output comments and weakening rupee weighed on the domestic sentiment.
The NSE Nifty50 index was trading 100 points down at 11,043 around 10:15 am. The 30-share BSE Sensex was down 267 points at 36,574 around the same time.
In the Sensex index, 12 stocks were advancing and 19 were declining.
ONGC, Infosys, Tech Mahindra, Coal India, Vedanta and Hindustan Unilever were among the heavyweights that were trading with gains.
However, IndusInd Bank, Ultratech Cement, Maruti Suzuki India, Mahindra & Mahindra and HDFC were among the top heavyweight losers.