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- The Community Rip India - 06 Oct, 2024
The Community Rip India - 06 Oct, 2024
Sachin M Y
October 06, 2024
Markets took a heavy hit on October 04, 2024
Nifty and Sensex dropped over 2%, their worst fall in nearly two months. Midcaps (-2.2%) and Smallcaps (-2%) followed, with 443 of NSE 500 stocks ending in the red.
It was a tough day across sectors, with Real Estate plunging -4.4%. Auto (-2.9%) and Oil & Gas (-2.7%) also saw sharp declines. Tata Motors dropped -4% after reporting a -15% YoY decline in September sales.
Dabur fell -6% following a poor Q2 update, while Bazaar Style Retail rose +6% on positive news.
Global crude oil price spikes, driven by Middle East tensions, hit paint and tyre stocks. Asian Paints, Berger Paints, MRF, and JK Tyre dropped between -3% and -4%.
On the brighter side, KRN Heat Exchanger had a stellar debut, ending +115% above its IPO price. ITD Cementation surged +20% after securing a Rs 1,937 crore contract, while Reliance Power rose +5% following a 1,270 MW renewable energy deal with Bhutan.
Suzlon Energy dropped -5% for failing to comply with disclosure rules on its independent director’s resignation.
PS - the Stocktwits Sentiment Meter slipped into the “extremely bearish” zone for the first time in over 6 months.
SEBI RA Trade Hits 🎯
This week, Priyank Sharma is in the Stocktwits spotlight for yet another successful trade idea on $POLICYBZR.NSE (Policy Bazaar)
Top Picks by SEBI RAs 🎩
Check out the ‘Top Picks by SEBI RAs’ below and keep up with the best in the game.
Don’t miss out on valuable trade ideas — all for free!!!
SEBI RA | Stock Name | Returns |
|---|---|---|
Vipin Dixena | National Aluminium | 13% |
Vipin Dixena | Vedanta Ltd | 7.2% |
Prosenjit Ghosh | LIC Housing Finance | 4.6% |
A&Y Market Research | CoForge | 3.9% |
Stock Vaani | Tata Chemicals | 1.1% |
Stocktwits Originals 🍿
Markets are volatile and you don’t know where to invest? In this video, we cover 5 mid & smallcap stocks which can give up to 30% returns from current levels.
AMA with Vipul Ramaiya (SEBI RA)
SEBI RA Vipul Ramaiya recently hosted an AMA on Stocktwits, where he answered questions about specific stocks, sector outlooks, and the impact of recent downgrades. Don’t miss out—take a look!
Trade ideas by SEBI RAs
Most Active Accounts
Shoutout to this week’s most active users! Be sure to follow them for consistent, high-value content you won’t want to miss.
Celebrating the Bulls
Stocktwits is all about community, and we’re giving a shoutout to everyone who’s been killing it on the platform this week. Whether you were bullish on a stock that hit its target or shared some solid analysis, we see you!
That’s a wrap for this week! Keep the conversations going, keep the ideas flowing, and most importantly, whether you’re up big or down bad, the community’s got your back. Let’s keep the momentum strong—to the moon and beyond!
Get In Touch 📮
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