Stock market closed: Chaos in the stock market due to tension in West Asia, Sensex-Nifty closed in the red.
Mumbai. Domestic stock markets fell on Tuesday due to rising tensions in West Asia and the BSE Sensex closed at a one-week low. The Sensex opened 344 points lower than the previous trading day and remained in the red throughout the day. Finally it fell 561.46 points (0.72 percent) to 77,054.94. The Nifty-50 index of the National Stock Exchange also closed at 24,052.05, down 158.95 points or 0.66 percent. This is the lowest level of both the major indices since July 09.
Attacks between America and Iran have started once again. While America is directly targeting Iran, Iran is also attacking American military bases in Gulf countries. This has weakened the investment sentiment in the market. There was a decline in the macro market along with major indices domestically. Nifty Midcap-50 index fell 0.56 percent and Smallcap-100 index fell 1.01 percent. Major decline was seen in banking, finance, auto, IT and realty sectors. Indices of FMCG, oil and gas, media and chemicals groups also remained in the red.
Indices of pharma, health and metals groups closed higher. HCL Technologies’ share fell by four and a half percent among Sensex companies. Shares of IndiGo, Bajaj Finserv, State Bank of India, Mahindra & Mahindra and L&T slipped more than two percent. Shares of Kotak Mahindra Bank, Bajaj Finance, ITC, Maruti Suzuki, Tech Mahindra, HDFC Bank, UltraTech Cement, NTPC and Trent fell by one to two per cent. Shares of Infosys Titan, Hindustan Unilever, Axis Bank, Reliance Industries and Asian Paints also remained down. Bharti Airtel shares closed with a gain of more than one and a half percent. Shares of TCS, Sun Pharma, Tata Steel and Adani Ports also remained strong.
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