Angel One, BSE, MCX among other capital market-oriented stocks extended their losses to sixth straight session on Monday as broader markets continue to see downtrend. Fresh tariff threats that ignited global trade war fears and relentless foreign fund outflows have dented investor sentiments.
From its record peak of 85,978.25 hit on September 27 last year, the BSE benchmark index is down 12,780.15 points or 14.86 per cent. The Nifty dropped 4,152.65 points or 15.80 per cent from its lifetime high of 26,277.35 hit on September 27, 2024. The market capitalisation of BSE-listed firms eroded by a whopping Rs 93.91 lakh crore from last year September's record high of Rs 4,77,93,022.68 crore.
There is a lot of discomfort amongst the investors over Trump announcing imposition of import levies on several nations. "Also concerns over slowing economic growth, earnings coming in below expectations, and lingering foreign investors selling have been driving bearish trends at regular intervals," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
Shares of Angel One Ltd dropped to an intraday low of Rs 1,952.25 per share on the NSE, down 10 percent. The stock has been falling for the last six days and is down nearly 17 percent in the period.
BSE shares were down 5.66 percent to hit the day's low of Rs 4,371 per share, while MCX shares touched an intraday low of Rs 4,726.55 apiece, down 5.31 percent. The stock is declining for the last six days and is down 16.31 percent.
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Meanwhile, Central Depository Services Limited (CDSL) declined over 2.69 percent to Rs 1,078. Other financial stocks also faced selling pressure. Motilal Oswal Financial Services was down over 2 percent, while shares of Aditya Birla Sun Life AMC and CAMS also traded in the red.
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