Jobaaj Stories
After registering strong gains in the previous session, Indian equity benchmarks took a sharp downturn on Tuesday. The BSE Sensex fell by over 800 points, while the Nifty 50 slipped below the 24,700 mark, eroding investor wealth by a staggering Rs 1.09 lakh crore.
At 9:56 AM, the Sensex was trading at 81,593, down 837 points or 1.02%, and the Nifty was down 238 points or 0.95%, at 24,687.
The decline was driven by weak performances across IT, financial, and FMCG sectors. Frontline stocks including HDFC Bank, Infosys, ICICI Bank, Reliance Industries, TCS, Kotak Mahindra Bank, ITC, Airtel, and Eternal (formerly Zomato) led the losses.
Key Market Highlights
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Investor Wealth Declines by Rs 1.09 Lakh Crore
The total market capitalization of BSE-listed companies dropped to Rs 431.47 lakh crore from Rs 432.56 lakh crore in the previous session. -
35 Stocks Hit 52-Week Lows
Prominent names like APL Apollo Tubes, Aster DM Healthcare, Bharti Hexacom, and Redington hit their lowest levels in a year. -
Swiggy, Aether Industries Among Major Losers
Shares of Swiggy, Aether Industries, KFin Technologies, UPL, Welspun Living, Eternal, Macrotech Developers, and KPR Mill fell as much as 6.20%. -
Widespread Decline Across the Board
Of the 3,302 stocks traded, 2,086 were in the red. Only 963 advanced, while 156 remained unchanged. -
Global Markets Mixed
Asian markets mostly traded higher with Nikkei rising 1.7%, KOSPI and ASX 200 also in green. Hang Seng, however, was down 1.25%
FII-DII Activity
Despite the market slump today, FIIs bought shares worth Rs 1,246.48 crore, while DIIs purchased equities worth Rs 1,448.37 crore in the previous session, according to exchange data.
Disclaimer
Jobaaj News provides market updates strictly for informational purposes. These reports do not constitute investment advice. Readers are strongly encouraged to consult a certified financial advisor before making any investment decisions.
