INDIA MARKET LENS
Markets▼ Negative

Stock Market Crash LIVE: Sensex Tanks Over 1,200 Points, Nifty 50 Below 22,200; ITC, JSW Steel, IndiGo Among Top Losers

BSE moved lower.

· NDTV Profit

All the sectoral indices witnessed selling, with Nifty Metals, Nifty Realty, Nifty Pharma, Nifty Oil & Gas, Nifty Auto and Nifty FMCG indices falling the most.

Against that, the stock is -3.8% on the day at ₹255.50, and has returned -9.4% over three months. It sits 39% below its 52-week high, which means a good deal of bad news was already in the price. The fmcg sector has moved -4.2% over the same period, so ITC is running 5.2 points behind its peers.

For ITC, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.

  • With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
  • The company directly in focus is ITC.
  • Sector exposure: FMCG, Metals & Mining, Auto.
  • The immediate tone of coverage reads negative.
ITCJSWSTEELFMCGMetals & MiningAutoPharma & Healthcare