Stock Tips

Sensex Nifty Grip in Red, Breweries Stocks Kick up


Benchmark indices slipped sharply on Monday, with the Sensex trading with heavy losses   amidst mounting Covid19 cases and rising tensions between the US and China.

At 1.05-pm, the Sensex down at 31961-level, down by 1756-points, while the NSE Nifty stood lower at 9352-level, down by 507 points in trade.

Hindalco, Tata Motors, Vedanta, Bajaj Finance and JSW Steel were among major losers in the Nifty whereas  Cipla, Airtel, Sun Pharma and Dr.Reddys were only gainers.

Breweries/liquor or Alchol stocks are kicking up spirit after the govt on Friday allowed sale in all zones barring containment areas with effect from May 4. At this point, GM Breweries advanced 8.50-percent at Rs.406-per share, Radico Khaitan rose 4.54-pc at Rs.307, United Breweries surged 4.70-pc to Rs 982, and United Spirits rose 2.31-pc to Rs.549, on the NSE.

As per Home Affairs Ministry declaration reads – Liquor stores and pan shops will be allowed to function in all zones keeping a minimum 6-ft distance from each other and ensuring that not more than 5 persons are present at one time at the shop.

Pharma stocks also climb up Nifty Pharma index, up 1.60-percent,  while Nifty Bank, Private bank, ,  Metal, Financial and Auto are the worst hit sectors. Track our market Update blog to keep updates on Best stock trading tips   to improve your trading sentiments.