Nifty 50 Pre-Open Value Crashed About 600 Points. What’s Next?

Nifty 50 Pre-Open Value Crashed About 600 Points. What’s Next?

Nifty 50 has witnessed an immensely volatile session in the pre-open period. The Indian stock market index literally crashed close to 600 points within a span of a minute. Isn’t that the most dynamic change you might have seen in the index in recent days? The Nifty 50 Index was at 17,558.90 at 8:59 a.m. and at 9:00 a.m. it dropped to 16,960.97. This means that it tumbled by 597.93 points in a matter of a few seconds.

However, it did manage to recover from that slump while still staying in the ‘red’. The Nifty 50 Index was down by 1.40%, trading at 17,313.20 (losing 245.70 points) at the time of writing on August 29, 2022. This shows that it recovered more than half of the value it lost in the pre-market trading session. But this was not enough to beat the bearish trend. Several stocks plunged and the top 5 of them have been discussed below.

Top Nifty 50 Stocks In The Red

The top Indian stocks that slumped during the bearish session today are:

1. Tech Mahindra Limited

Tech Mahindra Limited (NSE: TECHM) saw its stock dip by 4.10% and trade at ₹1,041.00 (down by 44.55 points) at the time of writing in the trading session today. The total trade volume was 36,59,426, which was worth ₹37,643.78 lakhs.

2. Infosys Limited

Infosys Limited (NSE: INFY) saw its stock dip by 3.95% and trade at ₹1,461.40 (down by 60.15 points) at the time of writing in the trading session today. The total trade volume was 42,13,357, which was worth ₹61,368.39 lakhs.

3. HCL Technologies Limited

HCL Technologies Limited (NSE: HCLTECH) saw its stock dip by 3.34% and trade at ₹914.10 (down by 31.55 points) at the time of writing in the trading session today. The total trade volume was 27,30,804, which was worth ₹24,809.08 lakhs.

4. JSW Steel Limited

JSW Steel Limited (NSE: JSWSTEEL) saw its stock dip by 3.16% and trade at ₹645.90 (down by 21.10 points) at the time of writing in the trading session today. The total trade volume was 13,41,825, which was worth ₹8,680.27 lakhs.

5. Hindalco Industries Limited

Hindalco Industries Limited (NSE: HINDALCO) saw its stock dip by 3.14% and trade at ₹426.25 (down by 13.80 points) at the time of writing in the trading session today. The total trade volume was 40,31,515, which was worth ₹17,110.15 lakhs.

The Nifty 50 has been shattering investors’ (buyers) hopes lately though it earlier surged continuously for days and even weeks. It would be intriguing to see bulls fight for their share in the market.

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Sahil Patil

Investing decisions should be precise and correct as that involves huge sums of money. So if you have to consider a good investment advisor, then you can surely count on Sahil Patel. He has been in the investing business for the last 5 years and will surely help you in your investment decisions.

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