Indian stock markets ended sharply lower on Tuesday, with the Nifty closing below the 23,850 mark. The markets took cues from weak global trends and uncertainty surrounding the US-Iran peace talks.
File Photo: IANS
Indian stock markets ended sharply lower on Tuesday, with the Nifty closing below the 23,850 mark. The markets took cues from weak global trends and uncertainty surrounding the US-Iran peace talks.
The markets witnessed a volatile session in the first half of trading before slipping in the second half. At the close, the Sensex was down 893.39 points, or 1.16 per cent, at 76,200.68, while the Nifty declined 278.80 points, or 1.16 per cent, to 23,824.10.
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The overall market capitalisation of BSE-listed companies fell to Rs 475 lakh crore from Rs 480.6 lakh crore in the previous session, making investors poorer by nearly Rs 6 lakh crore in a single day.
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Among sectors, Nifty Pharma gained 0.92 per cent, while the Healthcare index rose 0.54 per cent. All other sectoral indices ended in the red, with Metal falling 3.22 per cent, IT declining 2.23 per cent, and PSU Bank dropping 1.97 per cent. The Nifty Bank index also suffered a loss of 1.30 per cent, while the Financial Services index slipped 0.96 per cent.
Other sectors that ended lower included Consumer Durables (down 1.50 per cent), Media (down 1.47 per cent), and Realty (down 1.12 per cent).
On the Nifty index, the gainers included Cipla, Power Grid, and Dr Reddy’s Laboratories, while the major losers were Infosys, Wipro, and TCS.
Around 200 stocks touched their 52-week highs on the BSE. These included Kirloskar Oil Engines, Syrma SGS Technology, Sai Life Sciences, Schneider Electric Infrastructure, AIA Engineering, Laurus Labs, Emcure Pharmaceuticals, GE Vernova T&D India, Apar Industries, Bharat Forge, Welspun Corp, Pidilite Industries, FSN E-Commerce Ventures (Nykaa), Cement India Projects, KEI Industries, Adani Enterprises, Navin Fluorine International, Aditya Birla Capital, Radico Khaitan, and Adani Green Energy, among others.
Thirteen stocks from the banking index were trading lower during the session. Canara Bank emerged as the top loser, falling more than 3 per cent.
Bank of Baroda and IDFC First Bank declined 2.5 per cent and 2.11 per cent, respectively, while HDFC Bank, Yes Bank, State Bank of India, and ICICI Bank were down by up to 1 per cent.
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