These stocks made money even in the stock market crash!
Monday proved to be a bad day for the stock market. Along with the global market, there was a huge decline in the domestic market. While the Sensex closed at 73,137.90 with a decline of 2,226.79 points, the Nifty fell 742.85 points to 22,161.60. This decline came due to increasing trade tension between the US and China, which affected markets around the world. The market opened with a huge decline, the Sensex fell from its previous closing level of 75,364.69 to open at 71,449.94, while the Nifty started at 21,758.40 compared to 22,904.45.
What was the condition of NIFTY50
48 out of 50 stocks in NIFTY50 closed in the red. The biggest decline was recorded in Trent, which fell 14.70 percent to 4,745. The company showed lower than expected sales in the march quarter, which shocked investors. Big stocks like JSW Steel, Tata Steel, Hindalco and Tata Motors also registered a decline of more than 5 percent. At the same time, Hindustan Unilever (0.24%) and zomato (0.22%) were the only two stocks that closed with marginal gains.
Midcap and smallcap also in bad shape
NIFTY Midcap 100 also got badly beaten and closed at 48,809.45 with a decline of 3.63 percent i.e. 1,836 points. Stocks like Mazagon Dock Shipbuilders, NALCO, Godrej Properties and SAIL saw a huge decline. However, some stocks like GMR Airports, kalyan Jewellers and Voltas registered slight gains.
At the same time, there was selling pressure in NIFTY Smallcap 100 as well, which closed at 15,067.90 with a fall of 3.88 percent or 608 points. Stocks like BLS International, Brainbees, Inox Wind, Anant raj and Hindustan copper fell the most in this category. However, Delhivery performed brilliantly and showed a rise of 4.08 percent, the reason for which was the company's acquisition of Ecom Express for Rs 1,407 crore.
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