Hope is dead today
The first day of the trading week is proving to be anightmare for investors. The stock market seems to have decided that all itwill do today is fall. INDIA VIX, an index that is a proxy for the fearinvestors feel in the Indian stock markets, is the only index that is in green.In other words, hope today is dead and fear is laughing in the face ofinvestors.
All market capsparticipating
The stock markets are consistent with all three market-capstocks participating in the downfall. At the time of writing, large-cap stocksindex NIFTY 50 is down 1.28%, mid-cap stocks index NIFTY MIDCAP 50 is performingworse, being down 2.29%, and small-cap stocks index NIFTY SMALLCAP 50 is down1.24%.
No performers today
There are no performing sectors today. FMCG stocks are theones that are relatively better off with their index only falling 0.26%.
Lagging sectors
Metals, automobiles are leading the decline with the indexfor the former down 4.4% and that of the latter down 3.2%. Next are realty andmedia stocks with their indices down about 2%.
Conclusion
All in all, it has been a depressing half-day for investors inIndian stock exchange. The fact that the markets decided to do the same on thefirst trading day of the week raises questions as to how the whole week will unfold.