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Three Reasons Why Markets Are Falling Today: Sensex Tumbles 1,200 Points From Day's High, Nifty Tests 22,700

BSE moved lower.

· NDTV Profit

Auto and realty stocks are weighing on the market, and Bajaj Finance, Eicher Motors and Eternal are among the biggest losers.

Against that, the stock is -3.4% on the day at ₹925.05, and has returned -13.5% over three months. It sits 20% below its 52-week high. The financial services sector has moved -12.3% over the same period, so Bajaj Finance is running 1.2 points behind its peers.

For Bajaj Finance, the question is how much of this is already reflected in the price and how much re-rates the financial services 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 BAJFINANCE.
  • Sector exposure: Financial Services, Auto.
BAJFINANCEEICHERMOTFinancial ServicesAuto