Rudra Investment: Sensex Down 80 Points, Anil Ambani's Reliance Shares Fall

The Research Team of Rudra Investment Expert said On the first day of the trading week, on Monday, the Indian stock market showed a decline in the red mark with the decision to declare RCom's bankruptcy process owned by Anil Ambani. Due to the fear of losses, the Bombay Stock Exchange's BSE benchmark fell 132 points to 36336 on the back of selling in fear of losses. On the National Stock Exchange, the Nifty opened 42 points down at 10851 points. At 9.37 a.m., the Sensex is trading at 36389 with a loss of 80 points and the Nifty is trading 28 points down at 10,864 points.

Stock market

In the Sensex of the Bombay Stock Exchange, all sectoral indices are trading in the red mark except morning business energy, healthcare consumer oil, and gas. There is a decline in BSE Midcap and Smallcap too. In the Nifty, all sectors except IT and Pharma are trading in the red mark with declines. Nifty mid-caps and small caps are also declining.

Anil Ambani firms lose more

In the morning business, the Indian stock market is seeing the largest number of Anil Ambani-owned companies. After the decision to declare bankruptcy, Reliance Infocom's shares have broken 36 percent till 9.35 hours. Apart from this, shares of Reliance Capital, Reliance Naval, Reliance Power are also trading in red marks.

Fasting in these stocks

Rudra Investment expert says The shares of ICLL, GlaxoSmithKline Pharmaceuticals Limited, Max India Limited, DIVI's Laboratories Limited, and Sterlite Technologies Ltd, in the early trading, were bullish. ONGC, Titan, HCL Technologies, TCS and Wipro shares were bullish on NSE

 Fall in these stocks

The shares of RCom, Reliance Naval and Engineering Ltd, Reliance Capital, Reliance Power, and Divan Housing Finance Corporation Ltd are falling in the BSE. Shares of Jee Entertainment, Yes Bank, Hindustan Petroleum, Hero MotoCorp, and Adani Ports are declining in the NSE.