The BSE MidCap index fell 4,500 points or 10% in February, with this week’s decline as the 132 share index plummeted nearly 4.4% or 1,800 points. This closed 123 shares in the month in red, but only nine shares managed a positive closure.
The 10 socks that fell the most in February are Railvikas Nigum (RVNL), Indian Tube Investment, Gujarat Gas, India Renewable Energy Development Agency (IREDA), Relax Footwear, Delhabiling, New India Guarantee Company, Mphasis, Escort Kubota and Deepak Nitoria. They reported a 30% to 20% decrease.
Each week, the largest decline in Ireda, New India Assurance, Mphasis, Oil India and L&T Technology Services was up to 12%.
Trump’s mutual tariffs are boiling the market, but after accelerating at a 3.1% pace in the July-September quarter, the world’s largest economy caused an annual growth rate of 2.3% by the world’s largest economy failed to do well for the market. Earlier this, the country also reported that consumer inflation count in January was 3%, far exceeding the Federal Reserve’s 2% target.
On domestic flights, 34% of Midcaps missed the Q3FY25 estimate, according to a memo from JM Financial.
Despite support from domestic institutional investors (NII), foreign institutional investors (FIIs) are on sale. They sold Indian shares worth Rs 11,639 on Friday, marking the worst day sale in February. During that month they were net sellers of Rs 34,574.
In the 20 trading session, he was a buyer in two instances on February 18, when he purchased domestic stock worth 4,786.6 crores on February 18, and on February 4, he purchased shares worth 809.2 crores on February 4.
Also Read: Record the highest daily sales on Friday February, selling shares worth Rs 11,639
(Disclaimer: The recommendations, suggestions, opinions and opinions given by experts are their own. (These do not represent views of the economic era)
