Indian Market bearish on morning bell second day of week tuesday where high volume stocks are trading below 52 week lowest price indicates red signal for investors.
Sensex and Nifty falling on opening bell. S&P BSE Sensex was down more than 250 points or 0.49%, giving up 55,500 while NSE Nifty 50 index was below 15550, falling 0.50%. Bank Nifty was also down in the red while India VIX regained 18 levels. Bajaj Finserv was up 2.45% as the top Sensex gainer, followed by Tata Steel, and Reliance Industries. Dr Reddy’s was down 2.35%, accompanied by Nestle India, and Asian Paints.
Zomato falls above 5% within a short of market opens, It falls more than 15% on account of IPOs lock-in period ended on July 23. Where the LTP of food giant of india trading below the lowest price 44.10 in history from its ipo offering price.
Axis Bank share price fell 2% on Tuesday morning, a day after the private sector lender reported a massive 91% jump in Net Profit in the April-June quarter. Axis Bank's share price hit an intraday low of Rs 713 per share, down from Monday’s closing price of Rs 728 apiece.
PC Jewellers bullish last months raised more than 80% where this week indicates bearish trading the lower circuit 49.50 per share .
Stocks on news today: Tata steel, Reliance Power, Bajaj hindustan, Dhani service & Kotak bank.