1 / 7The Nifty 50 index has declined over 350 points from the highs of the trading session with most of the losses seen in the last two hours over a potential escalation in geopolitical tensions between Russia and Ukraine. Today is also the monthly expiry for the Nifty 50 contracts. More than 40 stocks on the Nifty are trading with losses on Thursday and these are the top contributors to the downside on the index. It must be noted that the index has surged over 1,000 points from last Thursday’s low ahead of and after the Maharashtra election results.
2 / 7Infosys is among the top contributors to the Nifty fall on Thursday. The stock is down over 3.5% and has corrected significantly from the highs of the day. Currently, Infosys is contributing 38.2 points to the downside.
3 / 7M&M shares were in focus post its recent launches and has contributed over 20 points to the Nifty fall on Thursday. Brokerage firm Nuvama has said that M&M is among its top picks within the auto sector.
4 / 7Reliance Industries shares were staging a bit of a comeback from the recent lows, having corrected over 20% from its peak. It is now witnessing some selling pressure at higher levels, also contributing 22 points to the fall on the Nifty.
5 / 7TCS is also among the top contributors to the fall on the Nifty and is also among the top losers on the Nifty IT index. The Tata Group giant is contributing around 18 points to the Nifty fall.
6 / 7ICICI Bank is one among the two banking heavyweights that are contributing to the Nifty fall. The stock is contributing over 25 points to the Nifty fall, having declined over 2% from the highs of the day.
7 / 7HDFC Bank made a new record high earlier on Thursday but has corrected sharply after the market began to move lower. The stock is now contributing 20 points to the Nifty fall, instead of it being in the green for a better part of the first hour of trade.
