Benchmark equity indices Sensex and Nifty ended lower on Tuesday, dragged by rising crude oil prices and sustained foreign fund outflows that weighed on investor sentiment. The 30-share BSE Sensex declined 416.72 points, or 0.54 percent, to settle at 76,886.91. During the session, it dropped as much as 562.57 points, or 0.72 percent, to 76,741.06. The broader NSE Nifty fell 97 points, or 0.40 percent, to close at 23,995.70.
Top Gainers and Losers
Nifty50 Top Gainers
- ONGC (+5.39%)
- Adani Enterprises (+3.91%)
- Coal India (+3.21%)
- Reliance Industries (+1.70%)
- Nestle India (+1.61%)
- Dr. Reddy's Laboratories (+1.51%)
- Bharti Airtel (+1.31%)
- Hindalco (+1.18%)
- Tech Mahindra (+0.86%)
- Tata Steel (+0.84%)
Nifty50 Top Losers
- Axis Bank (-2.66%)
- HCL Technologies (-2.63%)
- InterGlobe Aviation (-2.61%)
- Maruti Suzuki (-2.50%)
- Kwality Wall's (-2.33%)
- Shriram Finance (-2.20%)
- State Bank of India (-1.85%)
- Bajaj Auto (-1.73%)
- Wipro (-1.70%)
- ICICI Bank (-1.69%)
BSE Sensex Top Gainers
- Reliance Industries (+1.70%)
- Bharti Airtel (+1.31%)
- Tech Mahindra (+0.86%)
- Tata Steel (+0.84%)
- Sun Pharmaceutical Industries (+0.80%)
- Adani Ports and Special Economic Zone (+0.56%)
- Bajaj Finserv (+0.39%)
- Kotak Mahindra Bank (+0.31%)
- Bajaj Finance (+0.21%)
BSE Sensex Top Losers
- Axis Bank (-2.66%)
- HCL Technologies (-2.63%)
- InterGlobe Aviation (-2.61%)
- Maruti Suzuki (-2.50%)
- Kwality Wall's (-2.33%)
- State Bank of India (-1.85%)
- ICICI Bank (-1.69%)
- Hindustan Unilever (-1.67%)
- UltraTech Cement (-1.61%)
- Infosys (-1.56%)
Market Drivers
Brent crude, the global oil benchmark, jumped 2.97 percent to USD 111.4 per barrel, exacerbating concerns over inflation and fiscal deficit. Foreign Institutional Investors (FIIs) sold equities worth Rs 1,151.48 crore on Monday, as per exchange data.
“Indian equity markets traded under pressure, ending in the red as unresolved tensions in the Middle East and persistent disruptions to energy supply, particularly the continued closure of the Strait of Hormuz, weighed on investor sentiment,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm. “The sharp rise in crude oil prices above USD 110, continued disruption in the Strait of Hormuz, rupee depreciation beyond 94.5 and sustained FII outflows underscore mounting macroeconomic pressures on Indian markets,” he added.
Global Market Cues
In Asian markets, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng ended lower, while South Korea’s Kospi closed higher. European markets were trading in positive territory. US markets ended flat on Monday.
