Monday was a veritably bad day for the stock request. After the launch of trading on the red mark, both the indicator of the request Sensex and Nifty collapsed at formerly. With the opening of the Sensex, it broke up to 1400 points and slipped to the position of 56 thousand. Shares of lately listed companies including food delivery company Zomato, ornamental-to-fashion retailer Nykaa, fintech major Paytm, and 12 other stocks hit their separate each-time lows Intra-day trade on Monday on BSE. This huge fall that coincided with the opening of the request has caused huge losses to the investors.
Data Pattern (India), Star Health and Allied Insurance Company, Vijaya Diagnostic Centre, Cartrade Tech, Dodla Dairy, Glenmark Life Lores, Nuvoco Vistas Corporation, RailTel Corporation of India and Suryoday Small Finance Bank, meanwhile, fell up to 6 per cent.
- The main reason for the loss
- Big loss to numerous shares
- Big blow to Nykaa
- Soma to is in losses
- Eyes on LIC’s IPO
This is the main reason for the loss
Talking about the main reason for the huge fall in the request, piecemeal from the adding affectation rate in America, the possibility of adding interest rates by the US Federal Reserve from March has also affected the request. Contemporaneously, the prospect of a war between Russia and Ukraine is also causing a fall in the domestic request along with global requests, which is affecting investor sentiments.
Crude canvas has gone to a 7- time grandly due to the Ukraine extremity. The S&P BSE Sensex was down 2 per cent or points at at 1255 pm on rising geopolitical pressures between Russia and Ukraine. This pressure is leading to a sharp rise in crude canvas prices which is another blow to the Indian equity requests.
Big loss to these shares
Paytm’s stock has fallen 3 to a new low of Rs 872. The company made its request debut on November 18, 2021. The stock also touched a record high of Rs but has failed to touch its issue price post table.
Big blow to Nayaka
At the same time, the share of Policybazaar is also down 2 per cent. While shares of beauty-tailer Nykaa’s parent company FSNE-Commerce Gambles fell 9 per cent to hit an each-time low of Rs Intra-day trade. It has fallen below its former low of Rs touched on January 27, 2022.
High loss to Zomato
Shares of food delivery company Zomato fell 13 per cent to Rs 82 in the last two trading days. The request price of the company has reached a record high of Rs169.10 on November 16, 2021, and is now down 51 per cent. The stock is priced near its original public immolation (IPO) of Rs 76 per share. Zomato said that this was driven by a reduction in client delivery charges by Rs7.5 per order in Q3FY22 as compared to Q3FY22.
Eye on LIC’s IPO
Now all eyes are on LIC’s IPO. There’s also a query in the request as to how LIC’s IPO will be. The government is coming up with the biggest IPO ever and it’ll be the largest listed company in the financial sector.
Hi all, my name is Deepa Raghav. I am passionate about writing content on a wide range of general topics and particularly enjoy crafting engaging listicle-style articles.
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