NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Indian Stock Market Resumes Downward March

The Indian stock market resumed its downward march on Monday, April 13, after rising about 6% for the week ended April 10. The market barometer Nifty 50 plunged 2% to drop to an intraday low of 23,555. The selloff was intense in most sectors, with the bank, financial, auto, FMCG, and IT indices crashing more than 1% each during the session. The mid and small-cap indices crashed more than 2% each.

Several stocks saw significant trading activity on the National Stock Exchange (NSE) on Monday. Vodafone Idea, Ola Electric Mobility, and Filatex Fashions were among the most traded stocks in terms of volume. Vodafone Idea saw over 27 crore shares change hands, with the stock climbing about 1% despite market weakness. Ola Electric Mobility, on the other hand, crashed nearly 8% during the session, snapping its three-day losing streak. Filatex Fashions jumped 5% to hit its upper circuit, with over 11 crore shares changing hands.

Other notable stocks that saw significant trading activity include Jaiprakash Power Ventures, Suzlon Energy, Reliance Power, Adani Power, NTPC Green Energy, HFCL, PC Jeweller, and Tata Gold Exchange Traded Fund. The trading activity came despite the US-Iran talks failing to end the West Asian conflict and US President Donald Trump's announcement on the US naval blockade in the Strait of Hormuz.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

StockTrading Volume% Change
Vodafone Idea27 crore1%
Ola Electric Mobility24 crore-8%
Filatex Fashions11 crore5%
Jaiprakash Power Ventures9 crore3%
Suzlon Energy9 crore2%

The trading activity on Monday came as the company said its board had approved the allotment of 6,57,000 shares of face value of ₹2 to the eligible employees of Suzlon Energy and its subsidiaries under ESOP 2022.

Investor Takeaway

Investors should be cautious and consider diversifying their portfolios due to the market's downward trend.

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