- Robin Arya | GoalFi
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- Markets Extend Losses for 3rd Day
Hello ,
🔻 Markets Extend Losses for 3rd Day; IT and Financials Lead Selloff
Indian equities ended lower for the third straight session, closing at nearly a two-month low. Weakness in IT stocks post job cut concerns and heavy selling in financials dragged the indices. Pharma and FMCG offered marginal support.
📉 Key Index Levels:
Index Name | Level | Change | % Change |
|---|---|---|---|
Nifty 50 | 24,680.90 | -156.10 | ▼ 0.6% |
Nifty 500 | 22,846.95 | -167.85 | ▼ 0.7% |
Nifty Bank | 56,084.90 | -444.00 | ▼ 0.8% |
Nifty Midcap Select | 12,898.95 | -26.95 | ▼ 0.2% |
🏦 Sectoral Overview
Pharma and FMCG ended in the green, offering defensive support amid market weakness.
India VIX spiked nearly 7%, reflecting a sharp jump in volatility.
IT and Realty sectors dragged the market lower, with Realty falling over 4%.
Media, Defence, and Private Banks also witnessed notable pressure, each losing over 2%.
📌 Top Gainers – Nifty 50:
Stock Name | % Change |
|---|---|
Shriram Finance Ltd. | ▲ 2.9% |
Cipla Ltd. | ▲ 2.6% |
Hero MotoCorp Ltd. | ▲ 1.4% |
Hindustan Unilever Ltd. | ▲ 1.1% |
Asian Paints Ltd. | ▲ 1.0% |
📌 Top Losers – Nifty 50:
Stock Name | % Change |
|---|---|
Kotak Mahindra Bank Ltd. | ▼ 7.4% |
Bajaj Finance Ltd. | ▼ 3.6% |
Wipro Ltd. | ▼ 3.5% |
IndusInd Bank Ltd. | ▼ 2.6% |
Bharti Airtel Ltd. | ▼ 2.5% |
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📌 Top Gainers – Nifty 500:
Stock Name | % Change |
|---|---|
Acme Solar Holdings Ltd. | ▲ 8.8% |
Vijaya Diagnostic Centre Ltd. | ▲ 6.6% |
Laurus Labs Ltd. | ▲ 6.2% |
Chennai Petroleum Corp. Ltd. | ▲ 4.8% |
Aadhar Housing Finance Ltd. | ▲ 4.1% |
📌 Top Losers – Nifty 500:
Stock Name | % Change |
|---|---|
Kotak Mahindra Bank Ltd. | ▼ 7.4% |
Home First Finance Company India Ltd. | ▼ 7.3% |
Lodha Developers Ltd. | ▼ 6.0% |
SBI Cards And Payment Services Ltd. | ▼ 5.8% |
Gujarat Mineral Development Corporation Ltd. | ▼ 5.7% |
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📊 Investor Takeaway:
Markets extended losses on Monday with IT and financial heavyweights leading the drag. Volatility spiked sharply while broader indices also saw notable selling. Defensive pockets like pharma, FMCG, and diagnostics helped limit downside. Investors should stay cautious amid rising volatility.
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