No respite from Corona pandemic! It’s again black Monday for Dalal street. Banking and financial stocks especially Axis Bank, Bajaj finserve were the worst hit and both suffered nearly 27 % loss.
Till afternoon total 415 corona positive cases are being reported in India causing 7 death.
Indian stock market opened gap down on weak global cues and growing concerns due to Corona pandemic. Sensex hit lower circuit in first hour of trading and hence trading was halted for 45 minutes. Today it was truly black Monday, as 31 of NIFTY stocks hit a new 52 weeks low.
All sectoral indices ended the day in red. Banking, financials and auto stocks were most badly hurt and collapsed around 15 %.All Nifty and Sensex stocks ended in red. In today’s blood bath 31 stocks hit a new 52 weeks low.
|3||Bank Nifty||17,018.35||-3,299.25 (16.24)|
Let’s have a look at stocks which hit a new 52 week low.
|Sr No||Stock||52 week low||% loss|
|3||M & M||280.60||7.08%|