Today, Thursday, in the domestic market, the market’s streak of five consecutive days of gains was broken, and the benchmark indices closed with a fall of more than 1%. The market had a weak start in the morning. Initially, the market made a slight recovery from its lows. However, the market’s decline intensified after Donald Trump’s statements in which he indicated that US troops will remain in their positions, with Iran also accusing Iran of ceasefire violations.
The Sensex closed 931 points—or 1.20%—down at 76,631.6. At the same time, Nifty 50 also fell by 222 points to 23,775. Banking stocks remained under pressure, with Nifty Bank falling 882 points—or 1.58%—at 54,821.7. However, mid-cap and small-cap stocks witnessed a mixed trend; Nifty MidSelect closed marginally lower at 13,207, while Nifty Smallcap rose 28 points to 16,566. The rupee weakened by 8 paise and closed at 92.66 against the US dollar.
Today’s Top Gainers and Losers
L&T
Top gainers of Nifty 50
Hindalco
BEL
Dr. Reddy’s
Bajaj Auto
shares in news
Embassy Developments
HONASA (Mamaearth)
RITES
FACT
decline in banking shares
HDFC Bank
ICICI Bank
Kotak Bank
SBI
rise in defense stocks
Apollo Micro Systems
Zen Technologies
BHEL
HAL
top losers
ixigo
Vishal Mega Mart
Poonawalla Fincorp
Sula Vineyards
top gainers
Ola Electric
JTL Industries
Sterlite Technologies
SPARC
At around 10:00 am the Sensex had fallen by more than 700 points. Nifty also weakened by 200 points and slipped below the level of 22,800. Bank Nifty was down 540 points. Midcap and smallcap indices, which were trading with gains, also fell into the negative zone. Ultimately Nifty closed with a fall of about 400 points.
How was the early trading session?
When the market opened, the Sensex saw a fall of up to 600 points. Nifty also appeared weak by 150 points. Bank Nifty fell by more than 300 points. The biggest decline was seen in IT and Auto indexes; Both these indices were trading down 1% when the market opened. However, shortly thereafter, the market showed signs of recovering from its intraday low. At 09:23 am, the Sensex was trading at 77,335, down 226 points. Meanwhile, Nifty was trading around 23,949 with a fall of 47 points. Bank Nifty fell by 204 points to reach 55,499. Midcap and smallcap indices were trading in the positive zone.
India VIX registered a gain of 1.5%. Sectors like IT, NBFCs, Private Banks, Realty, and Oil & Gas were trading in the red. On the contrary, after the initial decline, the Auto index had moved into the positive zone. The maximum increase was seen in indices like Metal and Media. On Nifty 50, Hindalco, Bajaj Auto, JSW Steel, Tata Steel, NTPC, BEL, Coal India, SBI Life, and TMPV were the top gainers. Whereas, Shriram Finance, Infosys, Adani Ports, Jio Financials, L&T, UltraTech Cement, ICICI Bank, and Axis Bank were the biggest losers of the day. Global cues remained mixed; While on one hand tension remains between the US and Iran despite the ceasefire, on the other hand the market is being supported by the sharp fall in crude oil prices and strong rise in US markets. However, GIFT Nifty is currently showing weakness, indicating that the domestic market may open under pressure. Earnings season is also starting from today, due to which the movement in shares is expected to increase.
