Opening Bell: Markets slump in early trade; power and realty sector lose up to 3%

Opening Bell: Markets slump in early trade; power and realty sector lose up to 3%

by 5paisa Research Team Last Updated: Apr 25, 2022 - 11:13 am 30.2k Views
Listen icon

On Monday, domestic equity market benchmark indices, BSE Sensex and Nifty 50 saw a huge gap-down start taking cues from weak trends on SGX Nifty in early trade.

Investors remain cautious about tightening monetary policies post Fed's hawkish comments. At the start of the week, oil lowered concerns that a spreading Covid-19 outbreak in China will affect the global demand. 

At the open, Sensex was down 710.77 points or 1.24% at 56486.38 level, and the Nifty was down 226.20 points or 1.32% at 16945.80. About 737 shares have advanced, 1553 shares declined, and 127 shares are unchanged. India VIX jumped 10.19% trading at 20.22 in the initial hour of the trading session.

ICICI Bank, Power Grid Corp and NTPC were among major gainers on the Nifty, while losers were Britannia Industries, Apollo Hospitals, HUL, BPCL and IndusInd Bank. On Sensex, there were only four leading stocks which were ICICI Bank, Powergrid Corporation of India, NTPC and M&M while the top losers were Hindustan Unilever, IndusInd Bank, Bajaj Finance, HDFC and Tech Mahindra.

In the broader markets, at 9.55 am BSE Mid Cap and Small Cap indices traded in red, down 1.67% and 1.52%, respectively. In the BSE Midcap index, the top gaining stocks were Adani Power, Aditya Birla Capital, Varun Beverages, ACC Cement and Bayer Cropscience whereas, in the BSE Smallcap index, Mahindra CIE, IOL Chemicals and Pharmaceuticals, Zee Media Corporation, Godrej Agrovet and Gokul Agro Resources were the top gainers.

On the sectoral front, indices were trading in red with BSE Realty index and BSE Power Index being hit the most losing up to 3.3%. The top metal stocks dragging the index were NMDC, Hindustan Zinc, SAIL, Jindal Steel and Tata Steel whereas the top realty stocks dragging the index were Sunteck Realty, Brigade Enterprises, India Bulls Real Estate, Macrotec Developers and The Phoenix Mills.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Trust Fintech IPO Subscribed 108.63 times

Trust Fintech IPO is book-built issue of ₹63.45 crores, consisting entirely of fresh issue shares totalling 62.82 lakh. Trust Fintech IPO commenced its subscription period on March 26, 2024, & concludes today, March 28, 2024.

Aspire & Innovative IPO Subscribed 15.17 times

Aspire & Innovative IPO is a book built issue of Rs 21.97 crores. The issue comprises entirely a fresh issue of 40.68 lakh shares. Aspire & Innovative IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Aspire & Innovative IPO is expected to be finalized on Monday, April 1, 2024.

Blue Pebble IPO Subscribed 56.32 times

Blue Pebble IPO, valued at ₹18.14 crores, comprises fresh issue of 10.8 lakh shares. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024. Allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, IPO is slated to debut on NSE SME, with tentative listing date of Wednesday, April 3, 2024.