NEW DELHI: Friday's modified into once an all over-the-board selloff that spared no one. Three stocks ended lower for each person that rose, as bears tightened grip on the market on Day 1 of March F&O sequence. To investors' respite, India wasn't the worst hit Asian market, as Japan's Nikkei fell 4 per cent for the day.
The undergo mauling on Dalal Avenue, nonetheless, modified into once ruthless.
In numbers, investors misplaced Rs 5.43 lakh in wealth to the Freaky Friday, with three most valued stocks taking Rs 1.13 lakh crore crore hit. Each minute of Friday's commerce cost Rs 1,450 crore to inventory investors.
An entire of 11 midcap stocks plunged wherever between 4-7 per cent. Banking stocks took a mountainous hit.
The BSE Sensex plunged 1,939 aspects to discontinue the day at 49,100. The NSE Nifty50 plunged 3.75 per cent to 14,529. Here is how the market selloff panned out for numerous units of stocks:
Top 3 stocks erode Rs 1.13 lakh crore in wealth
Reliance shares ended 2.84 per cent lower to shut at Rs 2,083.85. Its market capitalisation fell by Rs 38,670 crore to Rs 13.21 lakh crore from Rs 13.59 lakh crore in the old session. IT most well-known TCS saw its m-cap eroding by Rs 35,825 crore to Rs 10.71 lakh crore, whereas that of HDFC Bank's declined by Rs 39,347 crore to Rs 8.45 lakh crore.
Take out midcap stocks decline 4-7%
Among midcaps, shares of Shriram Transport plunged 7.09 per cent to Rs 1,282.25. M&M Finance tanked 7.07 per cent to Rs 203.70. Berger Paints declined 5.97 per cent to Rs 679.90. RBL Bank, LIC Housing, Indian Bank, Bank of India and Canara Bank fell 4 per cent to 5.5 per cent. In total, 11 BSE Midcap index stocks plunged 4-7 per cent for the day.
Banking basket hit badly
Excluding Bandhan Bank, all varied BSE Bankex constituents settled in the red. Axis Bank closed 5.98 per cent lower at Rs 474.20. Kotak Mahindra Bank declined 5.96 per cent to Rs 1,782.35. RBL Bank fell 5.54 per cent to Rs 235.15. ICICI Bank, IndusInd Bank, HDFC Bank and SBI fell over 4 per cent. Bandhan Bank ended 0.85 per cent elevated at Rs 345.05.
195 stocks hit lower circuit limits
The list did no longer encompass any largecap names. Many of the stocks hitting lower circuits were, if truth be told, penny scrips with portion tag of lower than Rs 10. Hindustan Meals hit 5 per cent circuit at Rs 2,155.65. Vardhman Polytex hit a 5 per cent circuit at Rs 27.58. Gyscoal Alloys hit its 5 per cent circuit at Rs 2.46. OnMobile World and Aban Offshore also hit their respective lower circuits.
Cement stocks, others buck the historical pattern
As many as eight BSE200 stocks, at the 2d, managed to hit their 52-week highs at some level of the day. ACC hit its one-365 days excessive of Rs 1,850. BHEL hit its 52-week excessive at Rs 48.80. NMDC, Vedanta, Thermax, Bajaj Holdings, Dalmia Bharat and The Ramco Cements also hit their 52-week highs at some level of the day.
Solid itemizing accomplish
Meanwhile, RailTel Corporation of India, which made its market debut on Friday, ended soaring 29 per cent over its notify tag of Rs 94 on BSE. The inventory remained company at some level of the session no topic historical world setup. RailTel's IPO modified into once offered from February 16 to February 18.
