On October 4, multiple stocks hit their lower circuits amidst a flat trading session in the SE Midcap and Smallcap indices. Major losers on the Nifty included BPCL, Bajaj Finance, Cipla, NTPC, and Hero MotoCorp, while some of the gainers were SBI Life Insurance, ONGC, Tata Motors, Wipro, and Maruti Suzuki. Most sectors, apart from IT and Metal, were trading in the red, with the Realty index declining by 2%.
Stocks in Focus
Several stocks faced significant drops and were trading close to their lower circuit limits, indicating a strong downward trend in today’s market.
- KAMO Paints: Trading at ₹27.22, the stock saw a sharp decline of 9.98%. This drop was accompanied by a trading volume of 140.20k, showing significant selling pressure.
- Zee Media: At ₹22.61, Zee Media experienced a fall of 4.96%. With a trading volume of 2.76 million, the stock faced high selling activity.
- Reliance Power: The stock traded at ₹50.97, falling by 4.99%. It had a high trading volume of 14.14 million shares, reflecting notable investor exit from the stock.
- PC Jeweller: PC Jeweller saw a significant decline to ₹159.00, down by 4.87%. The stock’s trading volume reached 854.55k, suggesting strong bearish sentiments.
- VLEGOV: Trading at ₹149.90, the stock fell by 4.97% with a volume of 141.58k, indicating a sharp decline.
- Panacea Biotec: The stock saw a fall of 4.99%, trading at ₹306.20. The trading volume was 22.56k shares.
Broader Market Performance
The SE Midcap and Smallcap indices traded flat during the session, while most Nifty stocks witnessed pressure. The market witnessed divergent sectoral performances:
- Top Nifty Losers: BPCL, Bajaj Finance, Cipla, NTPC, and Hero MotoCorp faced significant declines.
- Top Nifty Gainers: SBI Life Insurance, ONGC, Tata Motors, Wipro, and Maruti Suzuki were among the stocks that managed to trade positively.
- Sectoral Highlights: Most sectors, barring IT and Metal, were in the red. The Realty index took a hit, declining by 2%. Meanwhile, the IT and Metal indices managed to maintain a relatively stable stance amidst the volatility.
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