Mumbai. Due to increasing tensions between America and Iran, there was a sharp decline in domestic stock markets on Thursday and BSE Sensex fell 1,236.11 points (1.48 percent) to close at 82,498.14 points. The Nifty-50 index of the National Stock Exchange also fell by 365 points or 1.41 percent and closed at 25,454.35 points. Amid all-round selling, there was a decline in medium and small companies also. Nifty Midcap-50 index fell 1.63 percent and Smallcap-100 index fell 1.27 percent.
The news of increasing US military deployment around Iran has affected the investment sentiment in European markets as well as in the domestic market. Indices of auto, realty and media groups fell more than two percent. Consumer durables, banking, FMCG, IT, metals and oil and gas groups declined by one to two percent.
All the Sensex companies remained in the red. Indigo’s shares closed down by about three and a quarter percent and Mahindra & Mahindra’s shares closed down by about three percent. Shares of UltraTech Cement, Trent, BEL, Adani Ports, Kwality Wall, Kotak Mahindra Bank, Reliance Industries, Tech Mahindra and ITC fell by two to three percent.
Shares of Eternal, PowerGrid, Hindustan Unilever, Tata Steel, Maruti Suzuki, Bharti Airtel, Axis Bank, NTPC, Asian Paints, ICICI Bank, HCL Technologies, Bajaj Finserv, Titan, L&T and State Bank of India fell between one and two per cent. Bajaj Finance, HDFC Bank, Sun Pharma and TCS also declined.
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