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No Winners: Cement Maker’s Ambition Triggers Free Fall in Cables and Wire Stocks, Wiping Off Rs 44,439 Crore Market Cap in just 2 Hours
No Winners: Cement Maker’s Ambition Triggers Free Fall in Cables and Wire Stocks, Wiping Off Rs 44,439 Crore Market Cap in just 2 Hours

No Winners: Cement Maker’s Ambition Triggers Free Fall in Cables and Wire Stocks, Wiping Off Rs 44,439 Crore Market Cap in just 2 Hours

After Disrupting the Paint Industry, Birla Marches into Wires and Cables: Polycab and KEI Industries Witness Heavy Sell-Off; UltraTech’s Entry May Not Alter Fundamental Business Dynamics but Could Trigger a Correction in Lofty P/E Multiples

DSIJ Intelligence Article rating: 5.0

After Disrupting the Paint Industry, Birla Marches into Wires and Cables: Polycab and KEI Industries Witness Heavy Sell-Off; UltraTech’s Entry May Not Alter Fundamental Business Dynamics but Could Trigger a Correction in Lofty P/E Multiples

Stock Market Crash: Sensex & Nifty 50 Down Over 1.50 Per Cent; Broader Indices Bleed With Losses Over 3.8 Per Cent
Stock Market Crash: Sensex & Nifty 50 Down Over 1.50 Per Cent; Broader Indices Bleed With Losses Over 3.8 Per Cent

Stock Market Crash: Sensex & Nifty 50 Down Over 1.50 Per Cent; Broader Indices Bleed With Losses Over 3.8 Per Cent

The Nifty 50 has dropped by 1.64 per cent to 22,998.65, while the Sensex is lower by 1.59 per cent at 76,082.88.

DSIJ Intelligence Article rating: 3.5

Market breadth is overwhelmingly negative, with 225 advances and 2,552 declines, reflecting strong bearish sentiment among investors.

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