Sensex & Nifty turn negative for 2022, indices fall 2% each today. BSE companies erase market cap of nearly Rs 4 lakh crore today
Power Grid slips 8% on a brokerage note w.r.t reports of REC acquisition
M&M Financials slides 13% on RBI order, suspending collections via third party
Shriram Transport Finance & Cholamandalam Finance fall as well on RBI’s order for M&M Finance
4 of 5 Nifty stocks near 52-week lows are from IT (Infosys, HCL Tech, TCS & Wipro)
Select pharma names like Divi's Laboratories & Sun Pharma end higher in a weak session
Financials such as Indiabulls Housing Finance, Canara Bank, PNB, Federal Bank, LIC Housing Finance are top list of midcap losers
Dr. Lal PathLabs, Metropolis Healthcare, Ambuja Cements, United Breweries Limited are a few midcap gainers
Rupee ends at a record closing low of 80.99 after breaching 81 versus dollar intra-day
Overall market breadth was in favour of the bears, as 1,101 stocks advanced and 1,737 declined on BSE in early deals.