Share Market Today: Indices End Session In Red, Sensex Closes Under 78,250, Nifty Over 150 Points Down

On Sensex, Zomato, Tech M, HCL Tech, and IndusInd Bank emerged among the gainers. On the other hand, Tata Motors, Titan, Tata Steel, and State Bank of India remained among the laggards for the day.

Sector-wise, the Nifty Media index closed the session in red and tanked 1.87 per cent during the day.

Source : ABPLIVE AI

The stock market on Monday ended trading in red after beginning the session in a negative territory. The BSE Sensex closed the session almost 451 points lower at 78,248.13, while the NSE Nifty50 settled for the day at 23,644.90, plunging more than 150 points.

This plunge in the markets was attributed to consistent foreign fund outflows, weak trends in the global markets, and selling in blue-chip stocks.

On the 30-share Sensex platform, Zomato, Tech M, HCL Tech, Sun Pharma, and IndusInd Bank emerged among the gainers. On the other hand, Tata Motors, Titan, M&M, Tata Steel, and State Bank of India remained among the laggards for the day.

Foreign Institutional Investors (FIIs) dumped Indian equities worth Rs 1,323.29 crore on Friday, according to official exchange data. In Asian markets, Seoul, Tokyo, and Hong Kong closed the day lower, while Shanghai ended trading on a high note. Wall Street ended trading on Friday in red, while the European markets continued to trade lower. The global oil benchmark Brent crude slipped 0.05 per cent to touch $74.13 a barrel.

The broader markets settled for the day on a mixed note. The Nifty Midcap Select index dominated among the gainers and closed the session 1.72 per cent higher. Meanwhile, the Nifty Microcap 250 index plunged 0.99 per cent by the end of the session. 

Sector-wise, the Nifty Media index closed the session in red and tanked 1.87 per cent during the day. On the other hand, the Nifty Midsmall Healthcare and Midsmall IT & Telecom indices ended trading on a high at 1.71 per cent and 1.62 per cent respectively.

The Indian rupee continued to drag and depreciated 4 paise to close at 85.52 (provisional) against the US dollar. The domestic unit ended the session on Friday at 85.48, logging its steepest fall seen in nearly two years and reached a new lifetime intra-day low of 85.80. The decline in the currency today was attributed to the demand for dollar from importers and a weak trend in domestic equities.