Stock market closed: Stock market falls to low level due to West Asia crisis, heavy fall in Sensex-Nifty amid negative signals
Mumbai. The shadow of West Asia crisis once again dominated the domestic stock markets on Monday and BSE’s sensitive index Sensex fell to its lowest level in 21 months. Sensex fell 1,836.57 points (2.46 percent) to close at 72,696.39 points, the lowest level since June 4, 2024, amid negative signals from abroad and the continued decline in the rupee. The Nifty-50 index of the National Stock Exchange (NSE) also plunged 601.85 points or 2.60 percent to 22,512.65 points, which is the lowest level since April 07, 2025.
There was a huge fall in stock markets all over the world today due to the West Asia crisis. Also, investment sentiment has weakened due to rupee weakening to 94 per dollar for the first time. There was more pressure on medium and small companies. The Nifty Midcap-50 index fell 3.67 percent and the Smallcap-100 index fell 3.94 percent. India VIX, which measures market volatility, remained above 17.
The index of consumer durables group fell by more than five percent. Metal, realty and public sector banks also declined by more than four percent. There was a lot of pressure on almost all major sectors including auto, FMCG, pharma, media, oil and gas, health and chemicals. The IT group index fell the least by 0.18 percent.
Of the 3,420 companies whose shares were traded on NSE, shares of 3,008 declined while shares of 332 closed with gains. Shares of another 82 companies ultimately closed unchanged. Among Sensex companies, Titan’s shares fell by 6.24 percent. There was a decline of 5.90 percent in Trent, 5.20 in UltraTech Cement, 4.85 in BEL, 4.85 in Indigo, 4.80 in Tata Steel, 4.70 in HDFC Bank, 4.49 in Adani Ports, 3.55 in Mahindra & Mahindra, 3.41 in Asian Paints and 3.17 percent in ITC.
Shares of Kotak Mahindra Bank closed down 2.89 per cent, Axis Bank 2.79, Bharti Airtel 2.72, L&T 2.70, State Bank of India 2.52, Eternal 2.30, Bajaj Finance 2.23, NTPC 2.17 and Bajaj Finserv 2.12 per cent. Maruti Suzuki shares slipped 1.97 per cent, ICICI Bank 1.84 per cent, Hindustan Unilever 1.43 per cent and Sun Pharma slipped 1.19 per cent.
Shares of Reliance Industries and TCS also fell. HCL Technologies gained 1.83 percent, PowerGrid gained 1.39 percent and Infosys gained 0.28 percent. Globally, in Asia, China’s Shanghai Composite fell 3.63 percent, Hong Kong’s Hang Seng fell 3.54 percent and Japan’s Nikkei closed 3.48 percent. In early trade in European markets, Germany’s DAX was up 1.57 percent while Britain’s FTSE was down 0.03 percent.
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