Delhi, 3 June (H.S.): The stock market faced a decline for the third consecutive trading day, resulting in an investor loss of ₹2.40 lakh crore. The Sensex dropped nearly 1,200 points during intraday trading. On June 3, the trading session commenced with gains but swiftly transitioned to losses due to mounting selling pressure. Buying support briefly appeared, but after noon, the selling intensified, causing both the Sensex and Nifty to close lower. The Sensex fell by 0.78%, while the Nifty decreased by 0.70%.

Throughout the day, public sector shares and sectors such as energy, oil and gas, banking, IT, automobile, capital goods, consumer durables, FMCG, healthcare, metal, and technology continued to experience selling pressure. Conversely, sectors like real estate and defense saw buying activity. The BSE midcap index closed down 0.52%, and the smallcap index fell by 0.07%. The total market capitalization of BSE-listed companies dropped to ₹443.10 lakh crore from ₹445.50 lakh crore, reflecting the loss of about ₹2.40 lakh crore for investors.

A total of 4,144 shares were traded on the BSE, with 1,733 shares closing higher and 2,264 lower. On the NSE, 2,604 shares were active, of which 1,050 gained while 1,554 lost value. Among the 30 Sensex stocks, only one gained, while 29 declined. In the Nifty index, 7 stocks rose, and 43 fell.

The BSE Sensex opened at 81,492.50 points, initially gaining 118.75 points, reaching a peak of 81,774.23 points. However, due to selling pressure, it dropped drastically, reaching a low of 80,575.09 points before recovering slightly to close at 80,737.51, down by 636.24 points. Similarly, the Nifty started at 24,786.30 points, briefly increasing before falling to 24,502.15 points, eventually closing at 24,542.50, down by 174.10 points.

Top gainers included Grasim Industries, Shriram Finance, Mahindra & Mahindra, Bajaj Auto, and Cipla. The leading losers were Adani Ports, Adani Enterprises, Bajaj Finserv, Coal India, and Power Grid Corporation.

Hindusthan Samachar / Jun Sarkar