Leaders Online: Strong profit booking was seen in the stock market on Monday (11). Due to this Sensex, Nifty fell. The Sensex closed down 615 points at 73,502. While the Nifty fell by 160 points to settle at 22,332. Banking shares took a big hit today.
Selling pressure was seen in banking, media, metal sector. While purchases were recorded in the pharma sector. All sectoral indices except Pharma closed in the red today. Auto, Capital Goods, Oil & Gas, Bank, IT, Realty, Metals and Power declined by 0.5-1 percent. BSE Midcap was down 0.24 percent. While BSE Smallcap fell by 2 percent.
Heavyweight stocks fall
The Sensex opened at 74,175 today. It then fell below 73,500. Top losers on Sensex were Tata Steel, Power Grid, SBI, IndusInd Bank, Hindustan Unilever, HDFC Bank, Infosys, NTPC, Tata Motors. While Nestlé India, Bajaj Finserv shares rose.
Shares of Nifty Tata Consumer, Bajaj Auto, Tata Steel, Power Grid, SBI fell. While the shares of Apollo Hospital, Nestlé India, Cipla, SBI Life, Britannia rose.
Selling pressure on shares in SME segment
Selling pressure remained on stocks in the SME segment today. Because Sebi chairperson Madhabi Puri Buch said today (Dec 11) that the market regulator has seen “signs of change in the SME segment. Speaking on the sidelines of an event, Butch said, “We are seeing signs of change in the SME segment. We are working to get concrete evidence.”
Nifty falls in banks
Bank Nifty fell more than 1 percent. In Nifty Bank, SBI, Bank of Baroda, IndusInd Bank, Bandhan Bank, HDFC Bank were the biggest losers. Meanwhile, AU Small Finance Bank shares remained bullish. Nifty Financial Services also fell.
SBI shares fall after Supreme Court setback
Shares of the country's largest state-owned bank State Bank of India (SBI) fell by nearly 2 percent today. The stock fell 1.79 percent to Rs 773.95 on the NSE. Regarding providing information about electoral bonds, the Supreme Court has ordered the SBI to provide details of electoral bonds to the Election Commission by March 12 and the commission to publish all these details on the website by March 15. This blow by the Supreme Court shook investor confidence and SBI shares fell. (State Bank of India Share Price)
Disadvantages of Zomato
Shares of Zomato fell 7 percent to a low of Rs 149 on the NSE on Monday. (Zomato Share Price) Then this share came to Rs.155.
Japan stock market crash
Japan's Nikkei stock index took a hit on Monday. The Nikkei fell as much as 3 percent in today's trading session on a stronger yen and a selloff in semiconductor shares. Later, the benchmark Nikkei 225 index fell 2.19 percent, or 868.45 points, to close at 38,820.49, while the broader TOPICS index fell 2.20 percent to 2,666.83. Nikkei tumbled today due to interest rate hike hints and profit booking from the Bank of Japan.
