Stock-Market

Stock Market News: NIFTY 50, Sensex Decline as Bharti Airtel, TCS, and Other Major Stocks Struggle

 

The stock market today has again seen a significant downward shift as both the indices, Sensex and NIFTY 50 are going red. As of noon, the NIFTY has gone below the 24,400 mark showing a 1.21% downfall, and the Sensex going below by 961.27 points, indicating a 1.18% decline. This is the second day in a row where both the Sensex and Nifty have dropped sharply.

Out of 30 stocks in Sensex, 27 saw a decline, and out of 50 stocks in the NIFTY 50, 44 stock prices have dropped significantly, up to 5%. The reason why the stock market is falling is partly due to global uncertainties. Investors are waiting for the results of the two-day US Federal Reserve Meeting starting today.

With a fall in heavyweight stocks like Bharti Airtel, Shriram Finance, TCS, JSW, Adani Ports, Apollo Hospital, and Axis Bank, the market has been looking cautious with investors preferring to wait for more clarity on the global economic outlook that will affect the Indian market.

Amid this fall and uncertainty, some of the stocks have gained a little surge in their stock. Let’s check down at the share market live updates to have better clarity on stocks performing well today.

 

ITC

 

ITC Limited has seen a very small surge of less than 1% in the value of its stock price from its previous day’s closing value of Rs 470.05. The stock has gone up to a day high of just Rs 475.80 and is currently trading at Rs 474.55. With 14798950 shares traded till now which shows that there is a quite healthy level of liquidity and market participation and indicates positive interest in ITC.

 

Cipla Ltd

 

Cipla Ltd. in the pharmaceutical and drugs sector has seen a 0.23% increase in its stock price from its previous closing of Rs 1449.50. The stock went up to a day high of Rs Rs 1483.00 and it's currently at the LTP of Rs 1451.75. It is expected to take some more surges before the stock market closes.

 

HUL

 

Hindustan Unilever Ltd. has about 0.7% increase in the price of its stock from its previous day’s closing price of Rs 2366.15. The stock of this company went to a maximum day high of Rs 2380.00 and is currently trading at an LTP of Rs 2367.90. A high trading volume (13,45,505 shares) with a very small increase in stock price indicates consolidation and reflects a neutral market sentiment.

 

Tata Motors

 

The Indian automobile giant Tata Motors Ltd has a very negligible surge of 0.11% on its stock price from its previous closing of Rs 784.80. The stock is currently trading at the market and went on a day high of Rs 796.35 per stock price and the current LTP of the stock is Rs 785.85. About 71,01,261 shares have been traded in the market which indicates significant interest in the stock and positive market reflection.