Markets have entered a deep correction phase with the stocks from across sectors moving below the crucial levels. The indices have corrected very sharply in the past few trading sessions.
Stocks that have been hammered heavily are the Banking stocks and the FMCG stocks.
PNB has continued to slide heavily from the past week. The stock is down by nearly 3% in today’s trade also and is trading at 524. Bank of Baroda is also down by 2.7% at 541. Indus Ind Bank has lost 2.8% while Kotak Bank has lost 1.7% in today’s trade.
Other top losers on the index are JP Associates which is down by 3% and has come down to 39.85.
Bharti Airtel is the lone gainer on the index with gains over 1%. The stock is trading at 305.
The Nifty Junior index has seen a decline of 155 points. Stocks such as Mc Dowell, Titan and Torrent Power have seen cuts of 3% each.
Crompton Greaves has gained 3% at 105.