• Wed. Oct 5th, 2022

D-Street Buzz: Metal stocks tumble led by JSW Steel; YES Bank up 2%, VIX jumps…. – The GRS Solution

D-Street Buzz: Metal stocks tumble led by JSW Steel; YES Bank up 2%, VIX jumps.... - The GRS Solution


About 504 shares have advanced, 1470 shares declined, and 94
shares are unchanged.

Coronavirus the outbreak is fast developing into a pandemic and that has 

unnerved investors as
the Indian stock market has fallen for the fifth consecutive day.

Sensex is
down 382.37 points or 0.96 percent at 39506.59, and the Nifty shed
115 
points  and
is trading at 11563.50.

All sectoral
indices are trading in the red with the metal index falling the most, down 
over 2%. The top losers included JSW Steel after Fitch revised the
outlook on 
the company
to ‘negative’ from ‘stable’.

The other
losers included Jindal Steel & Power, NALCO, Tata Steel, SAIL, Ratnamani 
Metals, NMDC
and Hindustan Copper.

Realty
stocks are also under pressure as stocks like Godrej Properties, Prestige 
Estates,
Indiabulls Real Estate and Phoenix Mills falling 3-4% each. The other 
losers
included DLF, Sobha and Sunteck Realty.

Nifty Media
shed over 2 percent with Jagaran Prakashan falling over 5% 
followed by
PVR, Sun TV Network, Zee Media, Inox Leisure, Hathway Cable, Dish TV 
&
Network18.

India
VIX spiked 3.12 percent and was trading
at 18.83 level.

The top
gainers from Nifty are YES Bank, Titan Company, Sun Pharma, Kotak 
Mahindra
Bank and Asian Paints while the top losers included JSW Steel, ONGC, 
Wipro, Cipla
and Mahindra & Mahindra.

The most
active stocks included State Bank of India, HDFC Bank, Reliance Industries, 
Indiabulls
Housing Finance and ICICI Bank.

48 stocks
hit a new 52-week high on BSE including White Organic Retail, Fairchem  
Specialty,
Suven Life Sciences, Aarti Drugs, IOL Chemicals, Neogen Chemicals, and 
Uttam Value
Steel among others.

243 stocks
hit a 52-week low on BSE including Future Consumer, Mahindra CIE 
Automotive,
Gujarat Pipavav, GE T&D India, Finolex Cables, Oil India, Tata Power, NBCC,
Engineers India, BHEL, LIC Housing Finance, PNB and Syndicate Bank among

About 504
shares have advanced, 1470 shares declined, and 94 shares are 
unchanged.

Disclosure: Reliance
Industries Ltd. is the sole beneficiary of Independent Media Trust which
controls Network18 Media & Investments Ltd.

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Image and article originally from the-grs-solution.blogspot.com. Read the original article here.