Share Market Today: Broader Indices Settle In Red, Sensex Plunges About 400 Points, Nifty At 22,302
On the Nifty, Hindustan Unilever dominated in green with gains of more than 5 per cent, while Bajaj Auto registered losses of nearly 4 per cent in the day
The two key equity benchmarks, Sensex and Nifty, on Tuesday closed the session in red. After opening on a positive note, the indices reversed the trend and broke the rally in the session.
The S&P BSE Sensex ended the session just over the 73,500 mark at 73,511.85, plunging close to 400 points, while the NSE Nifty50 settled for the day barely over the 22,300 mark at 22,302.50, falling close to 150 points.
In the last trading session on Monday, the indices closed the day on a flat note. The Sensex settled under 73,900 at 73,895.54, registering a marginal gain of 17 points, while the Nifty ended trading at 22,442.70, declining 33 points.
Stock update
On the 30-share Sensex platform, Hindustan Unilever, Tech M, Nestle, TCS, and ITC emerged as the primary gainers. Meanwhile, the laggards included PowerGrid, IndusInd Bank, Tata Motors, JSW Steel, and HCL Tech, among others.
On the Nifty, Hindustan Unilever dominated in green with gains of more than 5 per cent, while Bajaj Auto registered losses of nearly 4 per cent in the day.
The broader markets bled throughout the session. The Nifty Midcap 50 and Midcap 100 indices fell 2 per cent and 1.95 per cent respectively.
India VIX, on the other hand, jumped close to 2.5 per cent.
Sectoral update
Sectorally, the Nifty FMCG and IT indices were the exceptions in green, registering gains of 2.02 per cent and 0.77 per cent respectively.
On the other hand, the Nifty Realty index nosedived almost 3.50 per cent, followed by major losses of 2.39 per cent and 2.31 per cent in the Metal and PSU Bank indices respectively.
Rupee & Oil Movement
The Indian rupee closed the day on a flat note, up by 1 paise at 83.51 against the US dollar, owing to a negative sentiment in the domestic market. In the last trading session on Monday, the rupee settled at 83.52 against the greenback.
Global oil benchmark, Brent crude futures, declined 0.10 per cent to touch $83.25 per barrel.
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