‘Attar, Tatar, everywhere’ recession, recession, recession in stock: fall in IT shares

Mumbai: China’s Startup Deep Shik has begun to beat America’s domination in AI technology and the Union Budget is to be presented on Saturday, February 1, the first day of the budget week, between which the Indian stock markets have been affected by many negative signals. . International factor began to recession, recession, recession. It is expected that this time no special provision or encouragement will be announced in the budget, the Reserve Bank of India will not be able to stop the Indian rupee fall against the US dollar even after spending more than $ 70 billion and the interest in the US Federal tomorrow will not be able to stop the interest in the reserve meeting tomorrow Right raising signs, Sensex, Nifty, including the rate of rates, the Nifty lost 23000 levels at a new height and fell 305.20 points to reach a low of 22786.90 and finally fell 263.05 points to close at 22829 and the Sensex finally closed at 22829. 922.87 points fell to a low of 75267.59 and finally fell 824.29 points to close at 824.29 points. It was 75366.17, today the rupee weakened by 14 paise against the US dollar to close to 86.34.

IT shares fell

In the field of artificial intelligence (AI), global legends OpenAi, Google and Microsoft, including China’s AI Startup Dipshik, started winning by providing services at very low cost BSE IT Index fell 1412.31 points to close at 41301.30. Mastek 201.45 fell to Rs 2391.15, Mudra fell by Rs 71.25 to Rs 890.60, Sanskain fell by Rs 131.35 to Rs 1859.95, D-Link India fell at Rs 31.55 to Rs 31.55. .460.85, Nelco 61.40 Rs. Broken to Rs 999.55, Oracle Finserv. 519.30 to Rs 9288.40, latent view fell by Rs 23 to Rs 409.85, HCL technology fell by Rs 82.45 to Rs 1711.10, Tech Mahindra fell by Rs 70.30 to Rs 1651, Infosys fell from Rs 53.05.05.10 to Rs 1822.10, TCS Rs 85.10. Rupees were reduced.

Gap in consumer durables

Consumer durables companies started a huge decline again. Kalyan Jewelers again fell by Rs 21.45 to Rs 437.05, Supreme Industries rose by Rs 255.25 to Rs 3548, Voltas fell by Rs 38.30 to Rs 1418.35, blue star increased by Rs 44.65 to Rs. 1897.40, Titan Company. 80.30 broken to Rs 3318.20. Dixon Technology fell by Rs 161.75 to Rs 15,425.40. The BSE Consumer Durables Index fell 1340.96 points to close at 56831.85.

Healthcare shares decline

The BSE Healthcare Index fell 1150.41 points to close at 41053.32 today due to a fall in several stocks amid reports of a decline in healthcare-pharmacuticals stocks. Lauras Lab fell by Rs 66.15 to Rs 535.10, Caplin Point fell 231.05 to Rs 1908.50, Indoco fell by Rs 30.55 to Rs 257.60, Solara fell by Rs 62.05 to Rs 558.55 to Rs 214.95, Magasanson fell by Rs 20.100. 232.75, Themis Medi fell by Rs 18.95 to Rs 232.50, Walkhart fell by Rs 100.50 to Rs 1275.15, Gland Pharma fell by Rs 110.65 to Rs 1446.40, Bliss GVS .11.45 to Rs 150.50.

Capital goods broke

Capital goods-electricity stocks also suffered losses as the funds, investors started selling the prices they received. The BSE Capital Goods Index lost 1129.31 points to close at 61101.85. Power India falls at Rs 10,890.95, Hindustan Aerospace fell by Rs 179.30 to Rs 3669.25, Honat fell by Rs 1896.25 to Rs 39,762.30, Timkain fell by Rs 60 to Rs 2748.40 to Rs 159.50. Rs 39.50.50.50.50.50.50.50. X Wind fell by Rs 4.55 to Rs 138.60.

Selling in metal shares

Today, due to the steep decline in funds, metal-mining stocks also declined. Jindal Steel fell by Rs 40.20 to Rs 842.55, SAIL falls at Rs 4.80 to Rs 103.40, Vedanta fell by Rs 18.85 to Rs 423.20, APL Apollo fell by Rs 53.20 to Rs 1507.35, Hindalco closed from Rs 1507.35.20.50.50.50.50, NMDC 2.586.50, NMDC 2.244 Reduced to Rs 64.46, Hindustan Zinc declined by Rs 15.05 to Rs 451.20, Tata Steel declined by Rs 3.60 to Rs 126.40. The BSE Metal Index fell 814.29 points to close at 27690.65.

Gaps in small mid cap stocks

Thousands of investors started to be formed today, small, mid -cap stocks saw a historic gap today. Investors with small to medium-high net worth got nervous as many stocks collapsed like cards. The width of the market became very bad. Out of a total of 4234 shares trading in BSE, the number of benefits was only 593 and the number of declining shares was 3522.

DII purchases 6642 crore rupees

Foreign Portfolio Investors – FPI, FII on Monday made a net sale of Rs 5015.46 crore shares in cash. A total of Rs 14,504.03 crore was sold as against a total purchase of Rs 9488.57 crore. Whereas DII- Domestic institutional investors today made a net purchase of Rs 6642.15 crore in cash. A total of Rs 9861.28 crore was sold as against the purchase of Rs 16,503.43 crore.

Heavy erosion of investors’ assets

As a result of a widespread fall in shares, the total assets of investors, ie the total market capitalization of companies listed in BSE, reduced Rs 9.20 lakh crore to Rs 410.31 lakh crore in a single day.

All sectoral index remain negative in the stock market