NIFTY 50 sank -2.7% (-662 pts), closed at 24056 points, the worst % loss in 2 months, also a 24-day low, crossed below MA20 (24575 pts).
Among the 150 largest-cap stocks, 9 (6%) closed higher. Only 7% of all NSE stocks ended higher, the least in 2 months.
In terms of sectors, all sectors were down with losses from -0.9% to -4.7%. 3 sectors outperformed the market. The market was down -3.4%; Consumer Defensive was down -0.9%, but already the best performer, reflecting a more risk-averse market; Utilities was down -4.7%, the worst performer.
● Samvardhana Motherson International (MOTHERSON) sank -9.2% (-$17.74), closed at $175.51, fell 3 days in a row, the worst % loss in more than 16 months, also a 33-day low, crossed below MA50 ($181.88). The worst performer with the largest increase in volume.
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● Adani Energy Solutions (ADANIENSOL) tumbled -8.1% (-$102.7), closed at $1159.1, the worst % loss in 2 months.
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