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 Tuesday ended higher after losses from the previous sessions. The market witnessed a highly volatile trade and received a modest lift following the India–European Union trade agreement.
At the close, the Sensex rose 319.78 points, or 0.39%, to 81,857.48, while the Nifty gained 126.75 points, or 0.51%, to 25,175.40.
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The Nifty Midcap 150 index rose 0.53%, while the Nifty Smallcap 250 index climbed 0.20%. The overall market capitalisation of BSE-listed firms increased to over Rs 453.7 lakh crore from Rs 451.6 lakh crore in the previous session.
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Among the sectors, banking, metal, and IT saw strong gains. Nifty Metal jumped 3.07%, while Nifty Bank rose 1.25%, PSU Bank gained 1.76%, and Private Bank was up 1%.
Further, Nifty Auto was down by 0.93%, FMCG declined 0.60%, Consumer Durables slipped 0.59%, and Nifty Media dropped 1.44%.
On the Nifty, around 34 stocks ended higher, including Adani Enterprises, up 5.30%, Axis Bank, up 5.09%, and JSW Steel, up 4.55%.
The top losers were Mahindra & Mahindra (down 4.25%), Asian Paints (down 2.80%), and Kotak Mahindra Bank (down 2.58%).
Around 80 stocks hit their 52-week highs, while 663 stocks hit their 52-week lows on the BSE.
Those on the highs were Axis Bank, Tech Mahindra, Hindalco, JSW Steel, Tata Steel, and Vedanta. On the lows were ITC, Cipla, Dixon Technologies (India), Havells India, Indian Hotels Company, Suzlon Energy, and Tube Investments of India.
In terms of some of the key performers, shares of JSW Steel jumped around 5%, Axis Bank jumped more than 5%, Punjab National Bank, Bank of Baroda, Federal Bank, State Bank of India, and Canara Bank shares gained over 2%.
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