DSIJ Mindshare

The only sector which was least affected today was the BSE Healthcare Index, which plunged 1.18 per cent to Rs 23,493.96, despite a sharp decline in the domestic market.

After a stellar performance in CY21, the equity markets have reacted negatively to developing volatile geopolitical situations in 2022. BSE Sensex is up by nearly 4 per cent in the past one year even as Dow Jones Industrial Average (DJIA) has plunged over 6 per cent while Nasdaq tumbled more than 16 per cent during the same time period.

While the market mood is not bullish and there are talks of a recessionary environment in the large global economies viz., US & European countries, we have seen several stocks struggling to deliver positive returns.  

The equity markets are trading volatile and the majority of shares have delivered negative returns in April 2022 so far; however, the shares of the newly-listed Veranda Learning are seen creating wealth for its shareholders. The shares of Veranda Learning have jumped at least 70 per cent from the levels of Rs 131.25 per share seen on April 11 this year. In just 11 trading sessions, the shares of Veranda Learning have gained by 70 per cent.

The markets opened down by more than 500 points down amid weaker global cues on Wednesday. The Sensex opened at 55,629.30 and at 9.30 am it was seen trading 569.10 points or 1.01 per cent down, whereas Nifty opened at 16,593.10 and traded lower by 0.88 per cent or 146.95 points.