{"id":3080,"date":"2020-01-09T00:26:54","date_gmt":"2020-01-09T00:26:54","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2020\/01\/09\/bear-run-super-10-stocks-come-under-selling-pressure\/"},"modified":"2020-01-09T00:26:54","modified_gmt":"2020-01-09T00:26:54","slug":"bear-run-super-10-stocks-come-under-selling-pressure","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2020\/01\/09\/bear-run-super-10-stocks-come-under-selling-pressure\/","title":{"rendered":"Bear run: Super 10 stocks come under selling pressure"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1816370 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2020\/01\/market1-3.jpg\" alt=\"Super 10 stock, selling pressure,\u00a0HDFC Bank, RIL, Bajaj Finance, HDFC,\u00a0SBI\u00a0\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/market1-3.jpg 660w, https:\/\/images.financialexpress.com\/2020\/01\/market1-3-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/market1-3-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/market1-3-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1816370 size-full\" src=\"https:\/\/images.financialexpress.com\/2020\/01\/market1-3.jpg\" alt=\"Super 10 stock, selling pressure,\u00a0HDFC Bank, RIL, Bajaj Finance, HDFC,\u00a0SBI\u00a0\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/market1-3.jpg 660w, https:\/\/images.financialexpress.com\/2020\/01\/market1-3-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/market1-3-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/market1-3-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">Since Friday, the reaction in the market has been knee-jerk as rising oil prices can impact India\u2019s finances.<\/span><\/figure>\n<\/div>\n<p>The super 10 stocks, which have propelled the frontline indices to record highs, have been correcting since Friday as investors opted to take some risk off the table following rising geopolitical tensions in West Asia. If one excludes the export-driven companies from the Nifty50, the remaining companies have come off nearly 3% since Friday. A larger fall in the benchmarks has been arrested due to <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/tata-consultancy-services-ltd-stock-price\/\" rel=\"noopener noreferrer\">TCS<\/a>, HCL and <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/wipro-ltd-stock-price\/\" rel=\"noopener noreferrer\">Wipro<\/a>, which gained up to 4.5% in the period as investors bet on the falling rupee. Broader indices such as Nifty Midcap and Nifty Smallcap fell 1.8% and 1.4%, respectively.<\/p>\n<p>The Bank Nifty lost over 1,000 points, or 3.3%, in the last four sessions since depreciating rupee and fears of rising inflation could pressure lenders\u2019 investment portfolios.<\/p>\n<p>Vaibhav Sanghavi, co-CEO at Avendus Capital Markets Alternate Strategies, said, \u201cWe don\u2019t expect this volatility to continue for long and money may eventually come back. Also, oil is expected to remain subdued over long term. A sharp sell-off is unlikely if this does not convert into a full-scale conflict.\u201d<\/p>\n<p>Since Friday, the reaction in the market has been knee-jerk as rising oil prices can impact India\u2019s finances. According to Nomura, every $10\/bbl rise in oil prices presents an additional burden of Rs 1.04 lakh crore, which is 0.5% of GDP. Indian equities reacted sharply because growth has been slowing and the ability to absorb an oil shock is limited. The market capitalisation of <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/state-bank-of-india-stock-price\/\" rel=\"noopener noreferrer\">SBI<\/a> eroded as much as Rs 17,403 crore since Friday, followed by <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/hdfc-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">HDFC Bank<\/a>, <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/reliance-industries-ltd-stock-price\/\" rel=\"noopener noreferrer\">RIL<\/a>, <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/bajaj-finance-ltd-stock-price\/\" rel=\"noopener noreferrer\">Bajaj Finance<\/a> and HDFC. While the HDFC twins together lost Rs 26,547 crore in the last four days, RIL has seen a fall of Rs 14,041 crore in its Mcap.<\/p>\n<p>Gaurav Dua, senior V-P and head \u2013 Capital Market Strategy &amp; Investments at Sharekhan by BNP Paribas, said, \u201cThe direct impact of any geopolitical conflict in West Asia is limited for India. India would be hit by the rise in oil prices. After the initial reaction to news of a US airstrike killing the Iranian general, markets reacted sharply. After the initial reaction, markets have stabilised.\u201d<\/p>\n<p>Investors will now look for cues from the Budget starting next week. If oil stabilises at current levels, then markets could focus on domestic issues. While the Sensex on Wednesday closed marginally lower at 40,817.74, down 51.73 points, or 0.13%, the broader Nifty50 settled at 12,025.35 points, down 0.23%. FPIs offloaded equities for a third day in a row by selling shares worth $72 million on Wednesday, provisional data on exchanges showed.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-1934618865\"><div id=\"jobbi-839796182\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] Since Friday, the reaction in the market has been knee-jerk as rising oil prices can impact India\u2019s finances. The super 10 stocks, which have propelled the frontline indices to record highs, have been correcting since Friday as investors opted to take some risk off the table following rising geopolitical tensions in West Asia. If [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":3081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=3080"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/3081"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=3080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=3080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=3080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}