New Delhi, June 12 (HS): The domestic stock market registered a substantial decline today, influenced by weak global signals, foreign investor selling, and escalating tensions in West Asia, marking the cessation of a six-day rally in the Nifty index. The trading day commenced with minor increases; however, the initial gains in the Sensex and Nifty could not be sustained, leading to a persistent downturn. Notably, after the announcement of a plane crash in Ahmedabad around 1:30 PM, market sentiment deteriorated sharply.
At the end of trading, the Sensex closed down by 0.99% and Nifty by 1.01%. All sectoral indices concluded in the red, with declines ranging from 1 to 2 percent across automobiles, consumer durables, metals, FMCG, IT, oil and gas, power, and real estate. The banking, capital goods, public sector enterprises, healthcare, and tech indices also weakened. The BSE midcap index fell by 1.52%, while the small-cap index dropped by 1.38%. Overall, investors lost over ₹6 lakh crore today, leading to a decrease in the BSE's market capitalization to ₹449.42 lakh crore from ₹455.57 lakh crore on the previous trading day, resulting in a loss of approximately ₹6.15 lakh crore.
In today's trading, a total of 4,151 shares were actively traded on the BSE, with 1,283 gaining and 2,726 declining, while 142 remained unchanged. The NSE saw 2,605 actively traded shares, with 660 gaining and 1,945 losing. Among the 30 Sensex stocks, only 3 rose while 27 fell. In the Nifty, 7 shares ended up higher and 43 lower.
The BSE Sensex began at 82,571.67 points, up by 56.53 points, and briefly rose to 82,661.04 points due to early buying. However, the influx of selling from foreign investors caused the index to plunge, particularly following the Ahmedabad crash news, resulting in over a 1,100 point drop. The index eventually closed at 81,691.98, down 823.16 points after last-minute buying.
Similarly, the Nifty started at 25,164.45, climbing to 25,196.20 before facing selling pressure, leading to a close at 24,888.20, down 253.20 points. Major gainers included Apollo Hospital and Dr. Reddy's Laboratories, while Tata Motors and Shriram Finance were among the biggest losers.
Hindusthan Samachar / Jun Sarkar
