New Delhi. Tuesday saw a bearish day in the Indian stock market, mainly due to profit-booking in banking, mid-cap and government company stocks. The market closed with a heavy fall, with BSE Sensex falling 1053 points to close at 70,370 and NSE Nifty falling 333 points to close at 21,238. A decrease of more than Rs 8 lakh crore was seen in market capitalization. Sector wise, a huge decline was seen in banking stocks in today’s trading session, Bank Nifty closed down by 2.26% or 1043 points. Other sectors including auto, IT, FMCG, metals, media, energy, consumer durables and oil & gas also witnessed significant decline. However, healthcare and pharmaceutical stocks closed with gains. Mid-cap and small-cap stocks also ended the day with notable losses.
Out of 30 Sensex stocks, 5 closed in the green, while 25 closed in the red. Among the top 50 stocks of Nifty, 10 stocks closed with gains and 40 stocks closed with decline. The Indian rupee weakened by 8 paise and closed at 83.15 against the dollar.
Investors suffered huge losses due to the huge fall in the stock market. The market capitalization of stocks listed on BSE stood at Rs 366.04 lakh crore, up from Rs 374.38 lakh crore in the previous session, leading to a loss of Rs 8.34 lakh crore for investors.
Notable gainers in today’s trade include Sun Pharma (4.05%), Bharti Airtel (3.37%), ICICI Bank (2.10%), Power Grid (0.27%), and Bajaj Finserv (0.13%). On the other hand, losers included IndusInd Bank (5.87%), SBI (4.19%), HUL (3.81%) and HDFC Bank (3.45%).