Stock Market Today: Sensex Down 190 Points, Nifty Trading Below 22,300 Amid Volatility

Sensex and Nifty demonstrated significant volatility in the previous Wednesday trading session. At the end of the trading session, both indices settled almost unchanged

Stock Market

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The BSE Sensex and Nifty50, the key Indian equity benchmark indices, started trading in negative territory on Thursday. The BSE Sensex declined over 100 points, while the Nifty50 hovered near the 22,280 level. At 9:24 AM, the BSE Sensex was trading at 73,336.38, reflecting a decrease of 130 points, or 0.18 per cent. Meanwhile, the Nifty50 stood at 22,275.50, down 27 points or 0.12 per cent.

Sensex and Nifty demonstrated significant volatility in the previous Wednesday trading session. At the end of the trading session, both indices settled almost unchanged. The S&P BSE Sensex concluded trading above the 73,450 level at 73,466.39, recording a marginal loss of nearly 46 points, while the NSE Nifty50 ended the day flat at 22,302.50.

Stock Update

On BSE Sensex, M&M, Titan, Maruti HCL Tech, and Kotak Mahindra Bank were among the top gainers. Conversely, Larsen & Toubro, Tech M, TCS, Nestle and Reliance Industries were among the top losers.

Out of the 50 stocks listed on the Nifty 50, 16 showed gains. Hero MotoCorp, Mahindra & Mahindra, Bajaj Auto, Eicher Motors, and Tata Motors led the gains, whereas Larsen & Toubro, Divi's Laboratories, TCS, Tech Mahindra, and Dr Reddy's were among the top performers.

Asian Market

Thursday saw a mixed opening in Asian markets. Asian bonds declined due to selling pressure in Treasuries during the previous session, resulting in a bolstered dollar. S&P 500 futures remained relatively unchanged, while Hang Seng futures saw a 0.3 per cent increase. Japan's Topix index gained 0.4 per cent, contrasting with Australia's S&P/ASX 200, which fell by 0.4 per cent. Additionally, Euro Stoxx 50 futures indicated a 0.4 per cent uptick.

Oil prices surged early Thursday, propelled by shrinking US crude inventories, suggesting tighter supply dynamics and growing optimism regarding a potential interest rate cut by the Federal Reserve later in the year. Brent crude futures for July climbed by 23 cents to $83.81 per barrel, while US West Texas Intermediate crude for June experienced a 29-cent increase, reaching $79.28 per barrel.