Sensex slumps over 1,650 points from day's high: Rs 8L cr investor wealth lost; Zee crashes 32%
As many as 24 stocks hit their 52-week lows today. BSE stocks such as HDFC Bank, Hindustan Unilever, Orient Electric, VIP Industries and Zee Entertainment touched their respective one-year low levels. That said, 456 stocks touched their one-year high levels today.
- Jan 23, 2024,
- Updated Jan 23, 2024 2:42 PM IST
Indian equity benchmarks fell sharply in afternoon trade on Tuesday after giving up all of their early gains. The domestic indices were dragged by media, state-owned lenders, energy and metal stocks. The BSE Sensex slumped over 1,050 points to hit sub-70,400 while the NSE barometer Nifty slipped below the 21,250 level. That said, the 30-share pack Sensex plummeted 1,669 points from its day high level of 72,039.20. And, the NSE benchmark was down 519 points from a day high 21,750.25. Such was the fall in the domestic indices that around Rs 8 lakh crore of BSE market capitalisation (m-cap) was wiped out.
Here's a look at today's market fall in numbers:
Rs 8 lakh crore investor wealth lost
Investor wealth, as suggested by the BSE m-cap, fell Rs 8.01 lakh crore to Rs 366.39 lakh crore compared with a valuation of Rs 374.40 lakh crore recorded in the previous session. Frontline stocks such as HDFC Bank, Reliance Industries, Axis Bank, Hindustan Unilever, SBI, L&T and IndusInd Bank contributed to the fall today.
24 stocks hit 52-week lows on BSE
As many as 24 stocks hit their 52-week lows today. BSE stocks such as HDFC Bank, Hindustan Unilever, Orient Electric, VIP Industries and Zee Entertainment touched their respective one-year low levels. That said, 456 stocks touched their one-year high levels today.
2,761 stocks in the red
Out of 4,000 stocks, 2,761 stocks were seen declining. Only 1,098 stocks were advancing, while 141 stocks remained unchanged.
ZEE, IRCON & Network18 crash up to 32%
Shares of ZEE, IRCON International, Network18, HUDCO, Oberoi Realty, RVNL, RITES, Tejas Networks, Engineers India, IRCTC and Prestige Estates cracked up to 32.43 per cent.
Media, PSU Bank & energy among top drags
For Sensex, the major culprits that dragged the index lower were HDFC Bank, Reliance Industries, Axis Bank, Hindustan Unilever, SBI, L&T and IndusInd Bank. HDFC, RIL and Axis alone contributed negatively to a 508-point decline.
On NSE, 12 out of 15 sub-indices were down. Nifty Bank, Nifty Financial Services and Nifty Metal fell sharply.
FII-DII data
Foreign institutional investors (FIIs) sold Rs 545.58 crore worth of shares on a net basis during the previous session and domestic institutional investors (DIIs) offloaded Rs 719.31 crore worth of equity, according to stock exchange data.
Also read | Hot stocks on January 23: IRFC, Texmaco Rail, Zee Entertainment, Airtel and more
Also read | Gensol Engineering shares hit upper circuit as company returns to black in Q3
Indian equity benchmarks fell sharply in afternoon trade on Tuesday after giving up all of their early gains. The domestic indices were dragged by media, state-owned lenders, energy and metal stocks. The BSE Sensex slumped over 1,050 points to hit sub-70,400 while the NSE barometer Nifty slipped below the 21,250 level. That said, the 30-share pack Sensex plummeted 1,669 points from its day high level of 72,039.20. And, the NSE benchmark was down 519 points from a day high 21,750.25. Such was the fall in the domestic indices that around Rs 8 lakh crore of BSE market capitalisation (m-cap) was wiped out.
Here's a look at today's market fall in numbers:
Rs 8 lakh crore investor wealth lost
Investor wealth, as suggested by the BSE m-cap, fell Rs 8.01 lakh crore to Rs 366.39 lakh crore compared with a valuation of Rs 374.40 lakh crore recorded in the previous session. Frontline stocks such as HDFC Bank, Reliance Industries, Axis Bank, Hindustan Unilever, SBI, L&T and IndusInd Bank contributed to the fall today.
24 stocks hit 52-week lows on BSE
As many as 24 stocks hit their 52-week lows today. BSE stocks such as HDFC Bank, Hindustan Unilever, Orient Electric, VIP Industries and Zee Entertainment touched their respective one-year low levels. That said, 456 stocks touched their one-year high levels today.
2,761 stocks in the red
Out of 4,000 stocks, 2,761 stocks were seen declining. Only 1,098 stocks were advancing, while 141 stocks remained unchanged.
ZEE, IRCON & Network18 crash up to 32%
Shares of ZEE, IRCON International, Network18, HUDCO, Oberoi Realty, RVNL, RITES, Tejas Networks, Engineers India, IRCTC and Prestige Estates cracked up to 32.43 per cent.
Media, PSU Bank & energy among top drags
For Sensex, the major culprits that dragged the index lower were HDFC Bank, Reliance Industries, Axis Bank, Hindustan Unilever, SBI, L&T and IndusInd Bank. HDFC, RIL and Axis alone contributed negatively to a 508-point decline.
On NSE, 12 out of 15 sub-indices were down. Nifty Bank, Nifty Financial Services and Nifty Metal fell sharply.
FII-DII data
Foreign institutional investors (FIIs) sold Rs 545.58 crore worth of shares on a net basis during the previous session and domestic institutional investors (DIIs) offloaded Rs 719.31 crore worth of equity, according to stock exchange data.
Also read | Hot stocks on January 23: IRFC, Texmaco Rail, Zee Entertainment, Airtel and more
Also read | Gensol Engineering shares hit upper circuit as company returns to black in Q3