Foreign institutional investors or FIIs have been net sellers to the tune of Rs 4,362 crore last week, dampening the market sentiment more.
The overall market has been range-bound, though there has been a sharp run up from June lows. This range-bound trade is expected to continue in coming weeks, experts said.
“Since the June lows, the markets have seen a sustainable recovery, and given the domestic demand and insignificant recession risk for India, we do not see the market breaking the June lows. Until markets gain clarity on the terminal Fed interest rates and the US mid-term elections, markets can consolidate,” said Sharma.
Stocks at lower circuit
Bears are so strong that about 443 shares hit their lower circuit on Monday.
Kothari Products, Hardwyn, TRF, Creative Eye, DCM, PVP Ventures, Alps Industries, Shah Alloys, CL Educate, Deep Energy, Lasa Supergenerics, Vivimed Labs, Kohinoor Foods, VIP Clothing, Burnpur Cement, BL Kashyap, Arshiya, Hindustan Motors, and Rollatainers are among the stocks that hit lower circuit.
The ratio of 52-high and 52-week lows was largely equal on Monday, with 95 shares at 52-week highs and 87 at the lower circuit.
Stocks that touched 52-week lows included Alembic Pharma, Aurobindo Pharma, Biocon, Birlasoft, Dishman Carbogen Amcis, GAIL India, Gland Pharma, Globus Spirits, Hester Biosciences, Himatsingka Seide, HOEC, Indian Energy Exchange, Infosys, Intellect Design Arena, IOC, LIC, Mastek, Matrimony.com, Morepen Labs, Mphasis, Muthoot Finance, Natco Pharma, Oracle Financial, Piramal Enterprises, Persistent Systems, SIS, Sona Comstar, Suven Pharma, TCS, Voltas, Wipro and Zensar Technologies.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
The overall market has been range-bound, though there has been a sharp run up from June lows. This range-bound trade is expected to continue in coming weeks, experts said.
“Since the June lows, the markets have seen a sustainable recovery, and given the domestic demand and insignificant recession risk for India, we do not see the market breaking the June lows. Until markets gain clarity on the terminal Fed interest rates and the US mid-term elections, markets can consolidate,” said Sharma.
Stocks at lower circuit
Bears are so strong that about 443 shares hit their lower circuit on Monday.
Kothari Products, Hardwyn, TRF, Creative Eye, DCM, PVP Ventures, Alps Industries, Shah Alloys, CL Educate, Deep Energy, Lasa Supergenerics, Vivimed Labs, Kohinoor Foods, VIP Clothing, Burnpur Cement, BL Kashyap, Arshiya, Hindustan Motors, and Rollatainers are among the stocks that hit lower circuit.
The ratio of 52-high and 52-week lows was largely equal on Monday, with 95 shares at 52-week highs and 87 at the lower circuit.
Stocks that touched 52-week lows included Alembic Pharma, Aurobindo Pharma, Biocon, Birlasoft, Dishman Carbogen Amcis, GAIL India, Gland Pharma, Globus Spirits, Hester Biosciences, Himatsingka Seide, HOEC, Indian Energy Exchange, Infosys, Intellect Design Arena, IOC, LIC, Mastek, Matrimony.com, Morepen Labs, Mphasis, Muthoot Finance, Natco Pharma, Oracle Financial, Piramal Enterprises, Persistent Systems, SIS, Sona Comstar, Suven Pharma, TCS, Voltas, Wipro and Zensar Technologies.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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