New Delhi, 11 May (H.S.): flare‑up in West Asia, another delay in proposed peace talks, a sharp rise in crude‑oil prices and weak global cues turned today into a “Black Monday” for the Indian stock market. The day’s rout wiped out an estimated ₹5.68 lakh crore of investors’ wealth from the market capitalisation of listed companies.

Today’s trading began on a bearish note, with both the Sensex and Nifty sliding into the red as soon as markets opened. Selling pressure intensified by 11 a.m., weakening the trajectory of both indices. Around then, buyers tried to push back, nudging the indices slightly higher and offering a brief sense of relief.

However, after 2 p.m., fresh and aggressive selling struck again, sending both benchmarks into deeper losses. The Sensex dropped more than 1.5%, while the Nifty slipped by over 1.4% intraday before closing 1.70% lower for the Sensex and 1.49% lower for the Nifty by the end of the day.

Across the board, banking, automobile, capital goods and consumer durable stocks saw heavy selling pressure throughout the session. Similarly, the IT, FMCG, metal, oil & gas, public‑sector enterprise and broader tech indices all ended the day in the red.

In contrast, the Nifty Healthcare and Pharma indices displayed relative resilience, finishing in the green and temporarily acting as a small haven for investors amid the broader selloff.

In the broader markets, the trend remained negative. The Nifty Midcap index closed 1.05% weaker, while the Nifty Smallcap index ended 1.13% lower, underscoring the pain felt by mid and small‑cap shareholders as well.

The sharp correction cost investors an estimated ₹5.68 lakh crore in market value within a single session. The combined market capitalisation of BSE‑listed companies fell to around ₹467.43 lakh crore after today’s trading, down from ₹473.11 lakh crore at last week’s closing on Friday.

Trading Activity And Share‑By‑Share Sentiment

Across the day:

On the BSE, 4,538 stocks were actively traded, with 1,457 ending higher, 2,892 closing in the red, and 189 remaining flat.

On the NSE, 2,986 stocks saw active trading, of which 782 closed in the green and 2,204 finished in the red.

Among Sensex components, 6 stocks ended higher while 24 slipped,

Among Nifty 50 constituents, 13 ended in the green and 37 finished in the red.

Sensex And Nifty Intraday Journey

The Sensex opened at 76,638.09, down 690.10 points, and briefly recovered to 76,678.52 on early buying support. However, relentless selling in the first half of the session brought it down by over 1,100 points to 76,165.57. A subsequent rally by buyers lifted it back, but renewed pressure sent the index plunging further, at one point touching 75,957.40 after a fall of 1,370.79 points.

By the end of the day, the Sensex had clawed back a bit to close 1,312.91 points lower at 76,015.28.

Similarly, the Nifty opened at 23,970.10, down 206.05 points. Early buying pushed it briefly higher, but selling soon overwhelmed buyers, pulling it down to about 23,845.30 by 10:30 a.m. Another rally later took it to around 23,997.45 near 2 p.m., only for a fresh round of selling to drag it down again. Towards the close, the index hit 23,799.10, down 377.05 points, and then managed a modest recovery, ending 360.30 points lower at 23,815.85.

Among heavyweight stocks, the top five gainers today included:

Tata Consumer Products (+8.06%),

Max Healthcare (+2.51%),

Coal India (+1.76%),

Sun Pharmaceuticals (+1.34%), and

HUL (+0.85%).

On the flip side, the top five losers were:

Titan Company (–6.73%),

InterGlobe Aviation (IndiGo) (–4.94%),

State Bank of India (–4.48%),

Eternal (–4.10%), and

Bharti Airtel (–4.07%).

With crude prices spiking and global tensions hanging over trade, today’s “Black Monday” underlined how quickly sentiment can turn negative on Dalal Street, even for a market that has seen a strong bull‑run in recent months.

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Hindusthan Samachar / Jun Sarkar