Market Update: Major Stock Drops and New Highs on BSE

“NEW DELHI: On Thursday, many stocks fell sharply during trading in Mumbai, even though the BSE Sensex only dropped by 18.99 points, closing at 81,507.15. There was heavy selling in major companies, leading to big drops in some stocks. The Phosphate Co. saw a massive drop of 14.94%, while AMIC Forging and Gconnect Logitech both fell by 10%. Other companies like Chemo Pharma and EP Biocomposites also faced declines of nearly 10%.

In the Nifty index, 15 stocks were doing well, but 35 stocks were not. The Nifty index was down by 24.46 points, sitting at 24,617.35. On the BSE, some stocks hit new 52-week lows, including Yash Management, Advance Lifestyles, Axita Cotton, Grandma Trading, and Filatex Fashions. Meanwhile, some stocks like Apoorva Leasing Finance, Zinka Logistics Solutions, SoftTech Engineers, PCS Technology, and Sujala Trading reached new 52-week highs.”