Freaky Friday: Markets witness freefall - These stocks led the plunge but pharma scrips shone
As the bears grip the market during Friday’s session, metal, auto, and pharma stocks witnessed a maximum buzz. In this regard, JSW Steel, Tata Motors, Hindalco slipped most, while Cipla and Dr Reddy’s were the top gainers in the otherwise negative market.
As the bears grip the market during Friday’s session, metal, auto, and pharma stocks witnessed a maximum buzz. In this regard, JSW Steel, Tata Motors, Hindalco slipped most, while Cipla and Dr Reddy’s were the top gainers in the otherwise negative market.
The BSE Sensex fell around 1700 points to 57107 level, while Nifty50 closed below the 17050-mark, down over 500 points today. Even the broader markets, mid and small-cap slipped around 3 per cent and Nifty Bank ended little above the 36000-mark at the market close.
JSW Steel top loser
Metal heavyweight JSW Steel tumbled almost 7.5 per cent to Rs 630 per share on the NSE
Image Source: PTI
Tata Motors second most loser
Auto major Tata Motors became the second most loser, down almost 7 per cent to Rs 459.4 per share on the NSE.
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Hindalco sheds over 6 per cent
Hindalco also contributed most to the metal index as well as the overall market’s decline on Friday, as the stock fell by over 6.5 per cent to 417.7 per share on the NSE.
Image Source: PTI
Cipla becomes top gainer
Defensive stocks witness buying interest as pharma heavyweight Cipla gained the most in the otherwise market, jumped over 7 per cent to Rs 965 per share on the NSE.
Image Source: PTI
Dr Reddy turns second most favourite stock
Another pharma major Dr Reddy’s Laboratories gained around 3.5 per cent to Rs 4750 per share on the NSE.
Image Source: PTI