Indices crashed again, NIFTY near 8.5k & SENSEX below 29k.

Sensex soared over 900 points in opening trade tracking heavy buying at ICICI Bank, Infosys, HDFC twins and Reliance Industries amid rally in global stocks.
NIFTY, Sensex

All major indices crashed today; led by Banks, financials, reality and auto. closed the day at 8541.50 with 4.75% dropped in points. NIFTY started today’s session with brief gain but turned negative and kept on losing whole day. It reached new intraday 52 weeks low at 8,407.05.SENSEX also crashed more than 5 % to close at 28,869.51; down 1,709.58 (5.59%).

Now, both NIFTY and SENSEX are now trading near early 2017 levels. In just a month both indices have crashed to erase three years gain.


44 stocks declined while 6 advanced in today’s session. ZEE entertainment enterprises limited (ZEEL) was the biggest gainer with 34.9 point (26.22%) spike in price.ZEEL closed the day at 168.00. Yesterday ZEEL had declined by more than 20%.Yes bank also continued its rising trade with gain of 4.18%.

Banking stocks and financials were biggest loser of the day led by IndusInd bank, Kotak Bank and twin Bajaj group of companies i.e .Bajaj Finserv limited, Bajaj Finance limited. Automobile companies especially Hero motocorp, M & M , Eicher motors,  Maruti also ended in red with losses from 3-8%.


In 30 SENSEX stocks only ONGC and ITC closed in green. ONGC closed at 65.95 with gain of +5.90 (+9.83%). On 16 March,ONGC had declared 5 rupees interim dividend.

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