The market fell sharply on the day of weekly expiry. Nifty broke below 15,800 level. Barring power, all sector indices of BSE fell. Major private banks increased the pressure. Metal and finance stocks dominated profit-booking.
Even today, this stock has seen a fall of about 3 percent. Company-owned British band Jaguar Land Rover’s volumes are expected to decline by 36 per cent during the first half of the year on account of semiconductor shorts. This problem of chip supply seems to be overshadowing the company.
Today only 7 stocks closed with gains on the Sensex, while the remaining 23 stocks closed with a fall. On the other hand, 7 stocks on Nifty 50 have closed with gains while 43 stocks closed with decline. Talking about the sectoral indices of Nifty, except Nifty IT, all other sector indices closed with a fall. Barring IndusInd Bank on the Sensex, the Sensex declined due to selling in banking stocks and heavyweights like Reliance, ICICI Bank.
On the BSE Sensex, shares of TechM were the most buying today followed by Bajaj Auto and PowerGrid. Talking about selling, Tata Steel, Sun Pharma and SBIN were the top sellers on the Sensex.
