Stock market crash: Hindustan Unilever, SBI Cards, UPL among stocks hitting 52-week low; check list here
BSE, merely 89 shares marked their 52-week high. Also read: Stock market today: Sensex, Nifty 50 fall over 1% each; why did Indian stock market fall today? On NSE, stocks such as Sindhu Trade, Marshall Machines, GRM Overseas, Cello World, and BGR Energy, among others, hit their lowest levels in the past 52 weeks.
Meanwhile, Somi Conveyor, Intellect Design, Modern Threads (India) Ltd., Diamond Power, and Dolphin Offshore stocks reached their new 52-week highs. During intraday trading on the BSE, more than 250 stocks, such as Hindustan Unilever, SBI Cards and Payment Services, Page Industries, UPL, and Zee Entertainment, hit 52-week low.
On the other hand, TCS, Delta, NBL were among the stocks that hit 52-week high. In a single session, investors witnessed a substantial downturn as the combined market capitalization of firms listed on the BSE plummeted from nearly ₹385.6 lakh crore in the previous session to approximately ₹372.1 lakh crore.
This sharp decline translated to investors collectively losing around ₹13.5 lakh crore within this period. Also read: Top Gainers and Losers today on 13 March, 2024: ITC, ICICI Bank, Power Grid Corporation Of India, Coal India among most active stocks; Check full list here Commenting on today's market downfall, Arvinder Singh Nanda, Senior vice president at Master Capital Services Ltd, said, "The Nifty and Sensex, India's key benchmark indices, experienced a notable decline exceeding 1.5%, reaching levels last seen on March 01.
This decrease occurred despite a decrease in domestic inflation rates, which dropped to 5.09% year-on-year in February from 5.10% in January. The downturn in the Indian stock market is primarily linked to a significant fall in the midcap and small-cap indices,
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