Stock market dipped in red on the last day of the week, global tension spoiled the game; Investors lost millions of crores

Share Market Highlights: The Indian stock market closed in the red with a big fall on the last trading day of the week due to weak signals from global markets due to increasing tension in the US-Iran war and uncertainty over the peace agreement. During this period, major benchmarks Nifty50 and Sensex registered a decline of more than 2 percent.

At the time of market closing, the 30-share BSE Sensex was down 1,690.23 points, or 2.25 percent, at 73,583.22, while the NSE Nifty50 was down 486.85 points, or 2.09 percent, at 22,819.60.

The market started with a decline

After opening at 74,883.79, the Sensex fell by more than 1,736 points or 2.30 per cent to the day’s low of 73,534.41, while the Nifty50, which opened at 23,173.55, fell by more than 501 points or 2.15 per cent to 22,804.55. Broader markets outperformed benchmark indices. Nifty Midcap index recorded a decline of 2.23 percent and Nifty Smallcap index recorded a decline of 1.74 percent.

Nifty Realty fell by 3.17 percent

At the same time, if seen sector wise, public sector banks (PSU) were the sector that suffered the most losses, which saw a decline of 3.86 percent. After this, Nifty Realty (fall 3.17 percent), Nifty Auto (fall 2.82 percent), Nifty Financial Services (fall 2.69 percent) and Nifty Private Bank (fall 2.01 percent) also performed poorly.

Lowest loss in Nifty IT

Meanwhile, Nifty IT emerged as the best performing sector with the least loss (0.44 per cent fall). Only 6 company shares in Nifty50 saw gains, which included ONGC up by 4.03 per cent, Wipro up by 1.22 per cent, Bharti Airtel A rise of 0.82 percent was recorded in TCS, a rise of 0.42 percent in Coal India, a rise of 0.32 percent and a rise of 0.24 percent in Power Grid.

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In contrast, Shriram Finance shares saw the biggest decline of 5.54 percent. After this, 4.92 percent in TMPV, 4.61 percent in Reliance, 4.48 percent in IndiGo and Bajaj Finance A decline of 4.11 percent was recorded and it was among the top losers. Investors suffered a loss of around Rs 9 lakh crore in intraday trading as the total market capitalization (market cap) of BSE-listed companies declined to Rs 422 lakh crore from Rs 431 lakh crore in the previous session.