JKIL, Paisalo Digital, and KIOCL zoom, Virat Industries locked in upper circuit while market tanks!

The Sensex tanked by over 1200 points and was trading at 55,775.81.09 down by 2.11%, after the RBI Governor announced a 40 bps rate hike in the repo rate at 2 pm on May 4, 2022. The Nifty 50 also was down by 2.09 % and was trading at 16,712.80 levels.

Sensex tanked over 1,200 points and was trading at 55,775.81.09, down by 2.11 per cent, after RBI Governor announced a 40 bps rate hike in the repo rate at 2 pm on May 4, 2022.  

Nifty 50 also was down by 2.09 per cent and was trading at 16,712.80 levels.  

On the other hand, BSE Midcap and Nifty Midcap 100 plummeted by 2.48 per cent & 1.94 per cent, respectively. BSE Smallcap index also slipped almost 1.93 per cent while Nifty Smallcap 100 tumbled 2.18 per cent.   

On BSE, a total of 3,444 shares were traded, out of which, 752 shares have advanced, and 2,596, shares declined while 96 shares have remained unchanged.  

Even amidst such a downfall on the bourses, the five stocks that outperformed the indices include Paisalo Digital (up by 15 per cent) J Kumar Infraprojects Ltd, Future Consumer, Future Supply chain Solutions, KIOCL, and Cosmo Films. Each of these stocks climbed at least 6 per cent.  The shares of Virat Industries also were locked in the upper circuit today at Rs 175.45.

Meanwhile, the Top Losers in this market scenario are Varroc Engineering (down by 20 per cent), NGL Fine-Chem, Spandana Sphoorty Financial, Voltas, TV18 Broadcast, Ami Organics, and DCM Shriram Industries.  

Sector-wise, BSE Realty, BSE Metal, and BSE Consumer Durables have fallen over 3 per cent each.