Moneycontrol
Get App
Last Updated : Feb 10, 2020 03:16 PM IST | Source: Moneycontrol.com

D-Street Buzz: Weak Jan sales pull auto stocks lower; metal stocks melt on virus fear

The most active stocks included Tata Steel, UPL, Reliance Industries, State Bank of India and Indiabulls Housing Finance.

Date: September 03 | Extent of loss: 770 points (2.06 percent)| Reason: Announcment of India's gross domestic product (GDP) slowing to a six- year low of 5 percent in April-June 2019, an alarming fall in auto sales numbers in August. macroeconomic indicators, the rupee's fall against the dollar, weak global sentiment and sustained capital outflow of foreign funds continued weighing on market sentiment. (Image: Moneycontrol)
Date: September 03 | Extent of loss: 770 points (2.06 percent)| Reason: Announcment of India's gross domestic product (GDP) slowing to a six- year low of 5 percent in April-June 2019, an alarming fall in auto sales numbers in August. macroeconomic indicators, the rupee's fall against the dollar, weak global sentiment and sustained capital outflow of foreign funds continued weighing on market sentiment. (Image: Moneycontrol)
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The Indian stock market is feeling the heat of the coronavirus outbreak as Sensex fell over 20o points while Nifty slipped 76.40 points in Monday's trade while a late recovery seems out of sight.

The metal index was the most hard-hit, falling over 3 percent after data from China's metal association showed the country's nonferrous metal output will fall at least 10 percent YoY in February.

Tata Steel and SAIL fell 5-6 percent with report of government planning to sell a 5 percent stake in the PSU through an offer for sale adding to the decline of the stock.

Close

The other laggards included Vedanta, NALCO, Jindal Steel & Power, Coal India and Hindustan Copper.

Auto stocks were also under pressure with Mahindra & Mahindra, Motherson Sumi Systems, Bharat Forge, Eicher Motors, Tata Motors, Ashok Leyland and Hero MotoCorp all trading in the red.

India VIX jumped 3.85 percent and was trading at 14.28 level.


The top gainers from Sensex were TCS, Bajaj Finance, HDFC, Asian Paints and Kotak Mahindra Bank while the top losers included Mahindra & Mahindra, Tata Steel, Tata Motors, NTPC and Sun Pharma.

The most active stocks included Tata Steel, UPL, Reliance Industries, State Bank of India and Indiabulls Housing Finance.

104 stocks hit new 52-week high on BSE including Vaibhav Global, Inox Leisure, Trent, Avenue Supermarts, Rajesh Exports, Alkem Laboratories, Natco Pharma, Bajaj Finance, Escorts and Divis Labs among others.

157 stocks hit 52-week low on BSE including Bharat Heavy Electricals, TeamLease Services, V2 Retail, Sical Logistics, Gayatri Projects, Global Offshore, GHCL and Zensar Tech among others.

About 883 shares have advanced, 1369 shares declined, and 157 shares are unchanged.

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

Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.

First Published on Feb 10, 2020 02:27 pm
Sections
Follow us on