The Indian stock market sees a downturn as the Nifty 50 drops below Rs 24,200, shedding 140.95 points to reach Rs 24,156.55, a 0.58% decline. The Sensex also experiences a notable drop falling by 449.65 points to settle at Rs 79,018.36 which is a 0.57% decrease. In contrast, the Nifty Bank shows a slight positive movement gaining 79.65 points to reach 50,198.65 reflecting a 0.16% increase.
Nifty 50 Daily Price Chart: TradingView
Technically after the Nifty 50 price dropped and closed below the last higher low at Rs 24,074, the trajectory turned bearish. The Sensex also showed this behavior after its price fell below Rs 77,923.
Looking at the top losers today, Larsen & Toubro Infotech Limited is experiencing a sharp decline, with the last traded price dropping by 2.99% to Rs 5,401.20 from the previous close of Rs 5,567.50. The stock opened at Rs 5,547.00 and has hit a high of Rs 5,547.00 and a low of Rs 5,392.60 so far today.
Grasim Industries Limited shows a significant drop with the LTP at Rs 2,561.80 down 2.85% from the previous close of Rs 2,637.05. The stock opened at Rs 2,623.25 reaching a high of Rs 2,633.80 and a low of Rs 2,559.30
Source: NSEIndia
Power Grid Corporation of India Limited drops by 2.80% with the LTP at Rs 342.20. It opened at Rs 355.00, the highest point for the day and fell to a low of Rs 341.25.
Asian Paints Limited sees a 2.79% decline with the LTP at Rs 3,015.00 compared to the previous close of Rs 3,101.45. The stock opened at Rs 3,080.00, peaked at Rs 3,089.70 and has touched a low of Rs 3,013.00 so far
Infosys Limited falls by 2.79% with the LTP at Rs 1,741.65. The stock opened at Rs 1,779.95, reached a high of Rs 1,779.95 and dropped to a low of Rs 1,739.10.
Larsen & Toubro Limited sees a 2.03% decline with the LTP at Rs 3,564.40. It opened at Rs 3,621.00, reached a high of Rs 3,628.75 and a low of Rs 3,559.30.
Tata Steel Limited shows a decline of 2.02% with the LTP at Rs 150.75. The stock opened at Rs 153.40 and has so far hit a high of Rs 153.44 and a low of Rs 150.62.
UltraTech Cement Limited falls by 1.92% and with the LTP at Rs 11,321.00. The stock opened at Rs 11,500.00 and has reached a high of Rs 11,524.20 and a low of Rs 11,307.00.
Apollo Hospitals Enterprise Limited sees a 1.84% decline with the LTP at Rs 6,596.55. The stock opened at Rs 6,740.00, reached a high of Rs 6,744.35 and a low of Rs 6,590.20.
Wipro Limited experiences a 1.78% drop with the LTP at Rs 488.55. It opened at Rs 494.00, the highest price for the day and reached a low of Rs 488.20.
We closely observe these indices to determine if this downturn indicates a prolonged bearish trend or a temporary correction before a potential bullish recovery.
