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Stock Markets End Lower As Sensex Falls Over 380 Points, Nifty Tests 23,900

3 hours ago

The Indian benchmark indices fell on Thursday as the Sensex declined more tan 380 points to settle at 76,374 and the Nifty fell over 125 points to close trade at 23,869 at 3:30 PM.

In the 30-share BSE Sensex, among the top gainers were stocks like Mahindra and Mahindra, TCS, Eternal, Bajaj Finserv and HCLTech. Meanwhile, the laggards included stocks such as Infosys, Titan, Bharat Electronics, Trent and TechMahindra.

In the broader markets, the Nifty Midcap400 50:50 and the Nifty Midcap 50 declined 1.08 per cent as volatility remained high. Sectorally, the Nifty Auto index gained 0.70 per cent and the Nifty Chemicals index declined 1.87 per cent.

Previously, during the early morning session, Sensex opened 230.95 points lower at 76,521.02 during initial trade and the Nifty started trading at 23,937 or 57.15 points lower at 9:15 AM.

Foreign Investors

Foreign Institutional Investors (FIIs) turned net sellers once again, offloading equities worth Rs 819.20 crore on Wednesday after a day's breather, according to exchange data.

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Geopolitical Risks Keep Investors Cautious

Investor sentiment remained fragile as escalating tensions in the Middle East fuelled a fresh rise in global crude oil prices and dampened risk appetite.

Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said markets were unsettled after Yemen's Houthi rebels reportedly attacked two Saudi oil tankers, opening a new front in the regional conflict and raising concerns over further disruptions to crude supplies.

Asian Markets Trade Mixed

Among Asian markets, South Korea's KOSPI surged 3.15 per cent.

Japan's Nikkei 225 and Hong Kong's Hang Seng also traded in positive territory, while China's Shanghai SSE Composite index quoted lower.

US Markets End Lower

US equity markets closed in negative territory on Wednesday.

Sensex, Nifty End Sharply Lower

Indian benchmark indices ended Wednesday's session in the red.

The BSE Sensex fell 715.06 points, or 0.92 per cent, to settle at 76,755.05, while the NSE Nifty declined 191.45 points, or 0.79 per cent, to close at 23,996.25.

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