- Nifty closed at 24,680(-0.63%)
- There have been continuous selling since the last 4 weeks and it continued the first day this week as well.
- This selling is mainly due to the India-US trade uncertainty and some macro issues.
- TCS is going to lay off 12000 employees which is also bringing in negative sentiment as it shows negative trends in job markets.
- The good results are being respected by Mr.market as seen in Jagsonpal pharma today (11.19%).
- Omaxe group got 500cr(1832Cr Mcap) growth capital from oaktree (howard mark). They are real estate developer focusing on the north.
- Paras defence also came with not soo good numbers and plunged 10% today.
- The defence space is clearly not coming with numbers that could justify their sky rocketed valuations