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The stock markets are witnessing a downturn today with both the Sensex and Nifty 50 falling over 1% each. As of the latest update the Sensex is trading at Rs 81,176.84 down 690.71 points or 0.84% while the Nifty 50 stands at Rs 24,793.10 declining 217.80 points or 0.87%. The Nifty Bank index is also slightly bearish at Rs 51,544.00 down 20.00 points or 0.039%.
This drop comes amidst mixed Q1 results raising concerns about sustaining current market valuations. Despite the day's decline the overall market outlook remains bullish technically with key support levels at Rs 24,074 for Nifty 50 and Rs 79,223 for Sensex. Unless these levels get breached, we can look for buy positions.
Eicher Motors Limited is leading the decline currently trading at Rs. 4,722.00 down 4.97% from its previous close of Rs. 4,968.80. The stock opened at Rs. 4,884.00 as well as the high and a low of Rs. 4,691.55 so far today.
Tata Motors Limited follows with its stock price at Rs. 1,101.85, dropping 3.72% from the previous close of Rs. 1,144.40. It opened at Rs. 1,120.00 and has ranged between Rs. 1,120.00 and Rs. 1,090.05
Maruti Suzuki India Limited is also experiencing a fall, trading at Rs. 12,766.20, down 3.54% from its last close of Rs. 13,359.05. The stock opened at Rs. 13,126.00 and has touched a high of Rs. 13,174.90 and a low of Rs. 12,724.90
JSW Steel Limited is seeing a 2.90% decline with its current price at Rs. 907.45 compared to the previous close of Rs. 934.55. It opened at Rs. 919.90 and has moved between Rs. 923.85 and Rs. 904.10.
Tata Steel Limited is down 2.83% trading at Rs. 158.45 against its previous close of Rs. 163.06. The stock opened at Rs. 161.00 and has ranged from Rs. 161.19 to Rs. 154.72.
Wipro Limited is experiencing a 2.69% drop with its stock price at Rs. 507.50 compared to the last close of Rs. 521.55. It opened at Rs. 515.00 and has seen a high of Rs. 519.25 and a low of Rs. 507.05.
Hindustan Unilever Limited is down 2.59% trading at Rs. 656.05 against its previous close of Rs. 673.50. The stock opened at Rs. 659.80 and has moved between Rs. 665.60 and Rs. 651.05.
Tata Consultancy Services Limited is seeing a 2.44% decline with its current price at Rs. 4,290.00 compared to the previous close of Rs. 4,397.10. It opened at Rs. 4,365.00 and has ranged from Rs. 4,398.00 to Rs. 4,270.00.
Mahindra & Mahindra Limited is also down 2.44% trading at Rs. 2,759.45 against its last close of Rs. 2,828.40. The stock opened at Rs. 2,810.30 and has touched a high of Rs. 2,810.30 and a low of Rs. 2,737.15.
Larsen & Toubro Limited rounds out the top losers falling 2.34% to Rs. 3,690.90 from its previous close of Rs. 3,779.30. It opened at Rs. 3,730.35 and has moved between Rs. 3,748.90 and Rs. 3,673.20.
