Sensex fell by 500 points, Nifty slipped below 23,200, but this stock cut the ruckus

There is a lot of turmoil in the Indian stock market today on the trading day of the week. Due to all-round selling pressure, both the major market indices Sensex and Nifty have fallen face down. There is a bearish atmosphere in the market since morning, due to which there is a state of panic among the investors. Due to profit-booking and global cues, the market is completely in the red.

Big fall in Sensex and Nifty Bombay Stock Exchange’s main index Sensex is trading with a huge fall of about 500 points today. Due to this fall, a period of selling is being seen in many major Sensex stocks. On the other hand, Nifty of National Stock Exchange also did not remain untouched by this fall. Nifty has slipped below the important psychological level of 23,200. Market analysts believe that this weakness in the indices has occurred due to profit-booking dominating at the upper levels. Most pressure is being seen in shares of banking, IT and auto sectors.

Tremendous rise in Exicom’s shares Amidst this all-round decline and disappointing environment of the market, there is one stock which has brought glow on the faces of investors. There was sudden tremendous buying in the shares of Exicom Tele-Systems today, due to which the stock jumped by more than 12 percent. While there is redness everywhere in the market, this stormy rise in the shares of Exicom has surprised everyone. Investors are betting heavily on this stock, due to which it has emerged as a star performer in today’s business.

Investors suffered a big blow This sudden fall in the market has resulted in a huge reduction in the wealth of investors. The selling pressure was so high in the early trade itself that most of the largecap and midcap stocks collapsed. However, experts say that such fluctuations in the market are normal and long-term investors should look for opportunities to buy good stocks instead of panicking in such a fall. At present, all eyes are on the closing levels of the market to see whether Nifty is able to recover again or the fall goes deeper.