Stock Market extends losses amid selling; Nifty closes below 25,100

Stock Market on Tuesday extended the previous session losses amid selling across the sectors, dragging the Nifty below 25,100 intraday.

At close, the Sensex was down 297.07 points or 0.36% at 82,029.98, and the Nifty was down 81.85 points or 0.32% at 25,145.50.

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BSE Midcap index shed 0.8% and smallcap indices fell 1%. The overall market capitalisation of BSE-listed firms dropped to Rs 459 lakh crore from Rs 462.5 lakh crore in the previous session.

Among the sectors, all indices ended with losses. PSU Bank, Consumer Durables, and Media falling by over a per cent each while Nifty Metal, Pharma, Realty, and Oil and Gas fell by up to a per cent.

On the other hand, Nifty Bank and Financial Services indices ended with losses of 0.23% and 0.21%, respectively.

Out of 4,334 stocks traded on the BSE, 1,337 advanced, while 2,870 declined. Some 127 stocks remained unchanged.

Over 150 stocks touched their 52-week high on the BSE. These included Anand Rathi, MCX India, HBL Engineering, RBL Bank, L&T Finance, Muthoot Finance, Eternal, Bajaj Finance, among others.

RBL Bank share hit a 52-week high on report of Emirates NBD likely to acquire more than 51% stake in the company.

Shares of LG Electronics India settled with 48% gain at Rs 1,689.40 after making a bumper stock market debut.

Nearly 153 stocks hit their 52-week lows on the BSE. These included Westlife Foodworld, Tata Investment Corporation, Vedant Fashions, KNR Constructions, Crompton Greaves Consumer Electricals, and Blue Dart Express.

YES Bank, Ceat, Hindustan Copper, Anant Raj, RailTel Corporation, and Zensar Technologies closed with losses of over 3%.

Decline in the market was largely driven by renewed worries over U.S.–China trade tensions and weak global cues, which offset optimism from strong IPO listings and improving IT earnings