Share Market Today: Several stocks face volume breaks! Here’s the list – share-market-today-highlights-26-september-2022-tata chemicals and other stocks faced volume breakdown check the news
A group of experts believes that the US Fed’s hike in interest rates is driving the country’s economy into recession. If so, its impact will fall all over the world. The Nasdaq Composite lost 1.8%, the Dow Jones lost 1.62% and the S&P 500 lost 1.72%. On a weekly basis, the Nasdaq Composite, Dow Jones and S&P 500 fell 5.03%, 4% and 4.8% respectively.
The Nifty 50 traded at 17,040.3 levels at midday. That’s 287.05 points (1.66%) decreased. The broader indices underperformed the major indices on the day. The Nifty Mid-Cap 100 Index lost 3.43% and the S&P Nifty Small-Cap 100 Index lost 3.82%.
Read more: 4% increase! Stocks on the market?
FIIs were the top sellers and DIIs were the top buyers on September 23. Foreign Institutional Investors (FII) sold shares worth Rs 2,899.68 crore. And Domestic Institutional Investors (DII) bought shares worth Rs 299.1 crore.
Negative market sentiment was also reflected in Monday’s intraday trading. Major companies like Reliance Industries, HDFC Twins, Bajaj Twins and Tata Consultancy Services (TCS) suffered losses and its impact hit the market.
Nifty50 lost 300 points to trade below the 17,000 level and S&P BSE Sensex lost 1,000 points to touch the 57,038 level.
The Nifty MidCap 100 and Nifty SmallCap 100 indices fell 3% and 4% respectively. India VIX, an indicator of market volatility, rose more than 8%.
All sectors were trading in the red. But Nifty Auto, Nifty Metal, Nifty Media and Nifty Realty were the hardest hit.
However, despite this bearish market trend, Hindustan Unilever (HUL) made good progress and reached an 11-month high at Rs 2,728.55.
Below are the stocks with a negative price volume distribution.—
|Action name||CMP (Rs)||To change (%)||Volume|
|Tata Chemicals Ltd.||1,047.4||-7.7||15,07,995|
|Tata Motors Ltd.||399.4||-5.6||1,10,60,407|
|Hindalco Industries Ltd.||373.8||-5.7||39,96,532|
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