Stock Market ends in the red; Sensex loses 500 points
The Indian stock market ended in the red on Tuesday, with the Nifty falling below the 23,900-mark and the Sensex dropping nearly 500 points.
The stock market on Wednesday ended lower amid volatility snapping four-day gaining streak on Wednesday. Nifty closed below 25,100 amid selling across the sectors barring IT and consumer durables.
At close, the Sensex was down 153.09 points or 0.19% at 81,773.66, and the Nifty was down 62.15 points or 0.25% at 25,046.15. BSE Midcap index shed 0.7% and Small Cap indices declined 0.4%.
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The overall market capitalisation of BSE-listed firms dropped to below Rs 458 lakh crore from over Rs 460 lakh crore in the previous session.
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Among the sectors, all indices ended in the negative except for Nifty IT which was up 1.51% and Consumer Durables up by 0.71%. Nifty Realty was down 1.83%, Media down by 1.71%, and Auto down by 1.53%.
Further, Nifty Bank and Financial Services indices lost 0.39% and 0.45%, respectively.
Around 161 stocks hit their 52-week highs while 144 stocks touched 52-week lows.
Those on the highs were Aster DM Healthcare Ltd, Canara Bank, Graphite India Ltd, Hero MotoCorp Ltd, MRF Ltd, Muthoot Finance Ltd, and RBL Bank Ltd.
In contrast, on lows were notable mentions like Clean Science and Technology Ltd, Crompton Greaves Consumer Electricals Ltd, Happiest Minds Technologies Ltd, Vedant Fashions Ltd, Signatureglobal (India) Ltd, and United Breweries Ltd.
Out of 4,330 stocks traded on the BSE, 1,740 advanced, while 2,435 declined. Some 155 stocks remained unchanged.
Among some of the key performers were Infibeam Avenues surging 3%. Saatvik Green Energy shares added 10% post orders worth Rs 707 crore.
Tata Motors shares slipped 2.5% after Jaguar Land Rover recorded weak wholesales volume, falling 24.2% Y-o-Y dip, in Q2.
Lodha Developers shares fell 1.5% despite Rs 4,570 cr presales in Q2, Titan shares gained 4% post better quarterly numbers.
Market ended lower on profit booking ahead of the start of the Q2 earnings season. Weak global cues and a lack of fresh positive triggers also kept sentiment subdued.
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