The fall from peak levels in these segments, according to Gaurang Shah, senior vice-president at Geojit Financial Services has also been account of earnings disappointment besides amid high valuations
Asian Paints stock was trading at 3-year lows, and had given a downside breakout on the monthly chart for the first time since May 2018; shows technical charts.
Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.
NMDC Steel, Network18 and Trident among 5 BSE A-group stocks that can fall up to 17%, suggest technical charts.
Hindustan Unilever to hit new 52-week low if the support of Rs 2,520 is breached
Technically, stocks inversely proportionate to the benchmark indices' trend are safe to bet during weakness.
The 200-DMA is generally a good indicator of a long-term trend
The fresh sell-off on Monday pulled another 37 stocks below 200-DMA taking the total tally to 268
But fears of economic slowdown continued to rise, with 58% of investors anticipating a global economic recession in the next 12 months, up from 47% last month and the highest since May 2020
The rupee's tumble to a succession of record lows is sparking fears of a deeper selloff and pitting the central bank against analysts and strategists who are predicting further losses
Crypto loans - particularly those in decentralized-finance apps that dispense with intermediaries like banks - often require borrowers to put up more collateral than the loan is worth
World shares saw a jump in prices as inflation fears were curbed by a strong position hold of oil prices
The Indian stock market's value is already down nearly 20% from its January peak of about $3.7 trillion dollars
A total of four stocks -- Dhani Services, Brightcom Group, Indiabulls Real Estate and Solara Active Pharma Sciences -- have been butchered more than 60 per cent
CLOSING BELL: Select IT, metals, and pharma stocks helped the headline indices recover from the day's low
Top 10 Sensex losers have tanked over 20 per cent, while 5 among these have plunged over 30 per cent since October 2021
Analysts believe that the persistent FII selloff, fear of aggressive rate hikes by the US Federal Reserve (US Fed) and weaker rupee was dampening investors' sentiment.
Stock market highlights: Over 35 Nifty stocks ended the session in the red with Bajaj Finance, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4%
Since listing, LIC has lost Rs 56,000 crore of market-cap from Rs 5.54 trillion to Rs 4.98 trillion
Tracking overnight slump in the Wall Street, the worst selloff seen since June 2020, analysts believe that the markets will remain on edge over fears of recession and concerns of a hawkish US Fed