India’s benchmark indices fell sharply on Monday, with concerns over a global trade war and growing recession fears in the US also sparking a stock market rout on Wall Street and in other Asian markets.
The GIFT Nifty futures were trading at 22,089 as of 7:55 am IST, indicating that the blue-chip Nifty 50 will open about 3.6% lower than Friday’s close of 22,904.45.
How much various Nifty indices fell
The various Nifty indices performed as follows:
1) Nifty Next 50, down by 4.29%, reaching 58,829.25.
2) Nifty Bank, down by 3.31%, reaching 49,800.25.
3) Nifty Financial Services, down by 3.57%, reaching 23,891.00.
4) Nifty Midcap Select, down by 5.34%, reaching 10,584.40.
The sectors which fell the most so far, as per the movements of the Nifty Sectoral Indices are as follows:
1) Nifty Metal, down by 6.91 %, reaching 7,832.90.
2) Nifty IT, down by 5.75%, reaching 31,584.55.
3) Nifty Midsmall IT & Telecom, down by 5.50 %, reaching 8,098.15.
4) Nifty Media, down by 4.97%, reaching 1,414.45.
5) Nifty Metal, down by 4.68%, reaching 19,629.45.
Among the 30 Sensex stocks, the top 5 losers are as follows:
1) Tata Steel, down by 9.97 %, reaching 126.45.
2) Infosys, down by 9.43%, reaching 1,315.30.
3) Tata Motors, down by 8.51 %, reaching 561.60.
4) Tech Mahindra, down by 8%, reaching 1,215.85.
5) Adani Ports & Special Economic Zone, down by 7.24%, reaching 1,065.45.
