Nifty, -1.4%; Sensex, -1.3%; Model Portfolio, -1.6%; MSI Ind 47, -1.6%; Nifty Midcap, -1.8%; Smallcap, -1.8%.
Daily Market Review
Market Status: Confirmed Uptrend
Both the Nifty and the Sensex saw a steep fall today, the highest in 2019. However, the volume of shares traded is lesser than yesterday, and therefore escape a distribution day.
Barring Nifty IT (+0.4%), all the sectors showed weakness. Nifty Realty (-2.5%), PSU Bank (-2.5%), and PVT Bank (-2.1%) declined the most.
The advance-decline ratio was in favor of decliners. Of the 2,110 stocks traded on the NSE, 445 advanced, 1,335 declined, and 330 remained unchanged.
Alembic Pharmaceuticals: The Company announced on Monday that it received approval from the USFDA for Teriflunomide tablets in the strengths of 7mg and 14 mg. The stock was up 4.2% today.
Maruti Suzuki India: The Company has launched a new version of Baleno with BS VI emission norms complaint petrol engine and includes smart hybrid technology. The stock was down 1.7% today.