Mumbai : The stock market on Thursday stopped its 4-day winning mode as Sensex lost 149 points while Nifty ended below 11900 level and experts said there is possibility of range-bound action around 11850-11950 levels by next session. They were of the opinion that the Markets are seeking time-wise correction after a good recovery.
Stocks are witnessing a volatile trade due to existing earnings season and mixed Global cues.
The Market at BSE was in favor of the bulls. Altogether 285 stocks on BSE 500 index settled the day in green, while 211 closed in the red. Sensex lost 149 points while Nifty ended below the 11900 mark.
The most active stocks were RIL (2994.99 crore), Dr Reddy’s Labs (Rs 2434.84 crore), Bajaj Finance (Rs 2329.04) crore, Axis Bank (Rs 1517.07 crore) TCS (Rs 1402.16 crore), ICICI Bank (Rs 1370.19 crore) and HDFC Bank (Rs 1355.86 crores) among others.
The most active stocks in terms of volume were Vodafone Idea (shares traded : 16.90 crore), Reliance Power (shares traded :10,000 crore), Vedanta (shares traded : 7.97 crore), Yes Bank (shares traded : 6.07 crore), Ashok Leyland (shares traded : 5.35 crore) among others.
Experts said markets are volatile and would continue to remain so in the next few days.
European stocks hit their lowest level in a month on thursday as investors sentiment hovered on rise in Corona cases, fall in Germany consumer morale and impasse on US stimulus.
