All the sectoral indices have bleeded helplessly

Dalal Street witnessed another round of selling pressure in today’s trading session, courtesy weak domestic as well as global cues. Today’s session saw all the sectoral indices close in red for the first time in many weeks.

Leading today’s decline were the mid-caps along with small-caps as they decreased by 1.47 and 1.25 per cent respectively. BSE Metals and BSE Telecom index were the biggest losers in trade as they slumped by 2.70 and 1.95 per cent respectively.

Broad base selling was seen across the length and breadth of the markets, which wasn’t even supported by fundamentally good stocks, as negativity crept into good names too.

Financials continued their poor showing on the bourses as uncertainty looms over them, as demonetisation will impact all the NBFCs negatively in the times to come. 

BSE Capital Goods and Bankex also declined by 1.61 and 1.12 per cent respectively. BSE FMCG, Auto and Realty index declined the least in today’s trading session as they fell by under one percentage point.

Going forward, the markets are likely to remain subdued for some time. However, stock specific actions can be seen with cheaper valuation stocks attracting investors' interest.