Tuesday saw a dramatic fall in the stock market that began with the opening bell and intensified by the close. The BSE Sensex slid 736.38 points or 1.01%, closing at a level of 72,012.05, while the NSE Nifty fell 238.25 points or 1.08%, finishing at 21,817.45. Amidst the market tremor, these five shares significantly impacted investors' portfolios. Let's delve into their performance...
Tata Consultancy Services (TCS)
The IT titan of the Tata Group, Tata Consultancy Services, saw a decline since market opening, leading to a further drop as trading ended. The TCS Share opened at 4055.65 rupees and dipped to 3965.90 rupees during the day's trade. Closing with a 4.03% fall at 3,977.55 rupees, the share price was down by 167.20 rupees on Tuesday.
Patanjali (Patanjali)
Shares of Baba Ramdev's enterprise, Patanjali Foods Ltd., also witnessed a sharp decline on the second trading day of the week. Opening at 1408.95 rupees in the stock market, it touched a low of 1341.45 rupees. In the end, this company, boasting a market cap of 49060 crores, saw its stock close 4.24% or 59.95 rupees lower at 1355.25 rupees.
SJVN Limited (SJVN Ltd)
The hydroelectric power generation and transmission company SJVN Limited also experienced a marked fall in its shares. The SJVN Share kicked off at 9.15 AM at 122.20 rupees and hit the day's low-level of 118 rupees during trading. The stock ultimately closed at 118.65 rupees, dropping 4.04%.
Bharat Petroleum (BPCL)
Shares of oil company Bharat Petroleum Corporation Limited stumbled among the market chaos, registering a 4.15% decrease. BPCL's share opened at 580 rupees and by the closing bell, was quoted at 558.15 rupees.
Nestle India (Nestle India)
Adding to the list of companies causing a setback to their investors on Tuesday was Nestle India Limited. Its shares opened at 2584 rupees and during the day dipped to a low of 2467.70 rupees. At closing, the company, holding a market value of 2.40 lakh crores, witnessed a 3.37% falloff, ending at 2496.65 rupees per share, which was 87.10 rupees lower.
These sectors saw rampant sell-offs
The contagion of panic spread by Tuesday's shake-up in the market inflicted a harsh loss on investors. All sectoral indices showed trading in the red with Midcap and Smallcap shares undergoing a strenuous sell-off. Throughout the day, shares of oil marketing companies traded weakly. With crude oil prices reaching a five-month peak, there was a notable sell-off in OMC shares, causing shares of IOCL, HPCL, and BPCL to fall by 3-4%. The pressures of selling might continue to weigh on the stock market today, Wednesday.
