Angel One, BSE, other capital market stocks fall up to 10%, extend losses for 6th session

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.