Nifty Consumer Durables dips over 750 pts; Bata, Whirlpool, Titan weigh down

Bata India nosedives over 5.5% to emerge as the top bear.

Nov 26, 2021 11:11 IST India Infoline News Service

Falling down business
Consumer durable stocks were on a bearish bandwagon dragging the broader markets on Friday as heavyweight stocks witnessed sharp profit booking. The index has extended its downside amid weak Asian markets cues and resurgence of covid cases worldwide which continues to sway markets outlook in this sector.

The Nifty Consumer Durables index has hovered between an intraday high and low of 28,436.60 and 27,677.70 respectively.

The sector recorded a steep free fall with all stocks in the bloodbath except Rajesh Exports which is marginally on the upside.

The equity benchmark indices cracked overall market sentiments amid concerns on the economy due to fear of new covid-variant.

At around 11:40 AM, Nifty Consumer Durables was trading at 27,888.35 lower by 754.05 points or 2.63%.

Bata India nosedives over 5.5% to emerge as the top bear. Whirlpool dived over 3% while Titan and TTK Prestige also plunged around 3% each. Havells and Voltas tumbled by 2.95% and 2.36% respectively to join the market bears.

Kajaria Ceramics, Cropmton, Orient Electric and Blue Star also declined over 1%. 

V Guard, Amber and Relaxo were also marginally down to drag the sector while Rajesh Exports was 0.42% higher at Rs719.20 per piece, only gainer struggles to maintain the upside in the  index.

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