Stock Market Today: Sensex Falls Over 1,048 Points, Nifty Closes Below 23,100; Financials, Energy Stocks Down
The NSE Nifty 50 and BSE Sensex continues its decline on Monday.
Stock Market Live: Economic Events/Data Later On Monday
China Trade Balance, India CPI
Stock Market Live: US Futures Decline
As of 3:26 p.m., the Dow Jones Industrial Average future and S&P 500 futures were trading 0.38% and 0.93% down, respectively. The Nasdaq 100 future was 1.43% down.
Stock Market Live: Sensex, Nifty End With Over 1% Decline
Indian equities extended their fall for the fourth consecutive day with financials, energy and realty stocks weighed. Nifty 50 has seen the worst first nine sessions of a year since 2016.
The NSE Nifty 50 ended 345.55 points or 1.47% lower at 23,085, while BSE Sensex lost 1,048.90 points or 1.36% to close at 76,330.01. During the session, the Nifty declined as much as 1.64% to an intraday low of 23,047.25, while the Sensex fell 1.46% to 76,249.72.
"Indian blue-chip equity indices, Sensex and Nifty50, closed lower on Monday, raising concerns among investors about slowing domestic corporate earnings and diminishing prospects for US rate cuts," said Ameya Ranadive, Sr Technical Analyst, StoxBox.
Axis Bank Ltd. was the top gainer on the Nifty, rising 0.83%, followed by Tata Consultancy Services.
HDFC Bank Ltd., ICICI Bank Ltd., L&T, Mahindra and Mahindra Ltd. and Trent weighed on the Nifty the most in terms of points contribution. While those of Tata Consultancy Services Ltd., Axis Bank Ltd., IndusInd Bank Ltd., and Hindustan Unilever Ltd. minimised the fall.
Most sectoral indices fell with Nifty realty falling the most.
On BSE, all 21 sectors ended sharply lower with the BSE Realty declining the most.
Market breadth was skewed in favour of sellers. On BSE, 3,574 stocks declined, 527 advanced, and 127 stocks remained unchanged on BSE.
Broader markets underperformed benchmark indices. The BSE Midcap and Smallcap indices ended 4.17% and 4.14% down, respectively.
Rupee Vs Dollar: Record Low End
Rupee weakened by 61 paise to close at 86.58 against the US Dollar. Rupee among the worst Asian currencies in trade today. It closed at 85.97 on Friday.
Source: Bloomberg
Stock Market At Closing
Nifty and Sensex decline for fourth straight session.
Intraday, both Nifty and Sensex had fallen over 1.5% each.
Nifty ends 1.47% or 345.55 points down at 23,085.95. This is the worst-ever start to a year since 2016.
Sensex ends 1.36% or 1,048.90 points lower at 76,330.01.
Broader indices outperformed. Nifty Midcap 100 ended 4.02% lower; Nifty Smallcap 250 closed 4% lower.
Most sectoral indices fell with Nifty realty falling the most.
Axis Bank and TCS were top Nifty gainers.
Adani Enterprises, Trent fell the most.
