Ganesh Kendale
Stock Market Today: The Indian equity benchmark indices, BSE Sensex and Nifty50, faced significant losses on Tuesday due to a massive outflow of foreign funds from the capital markets and weak global equities.
The BSE Sensex dropped 930.55 points or 1.15 per cent to settle at 80,220.72, while the Nifty50 declined 309 points or 1.25 per cent to 24,472.10.
Earlier in the intra-day trading session, the BSE Sensex plunged as much as 1,001.74 points, or 1.23 per cent, to reach 80,149.53.
The decline was largely driven by major stocks such as Reliance Industries, SBI, HDFC Bank, M&M, and L&T, which together pulled the BSE Sensex down by 505 points, according to reports.
Additional contributors to the decline included TCS, NTPC, Tata Motors, Axis Bank, and Power Grid.
The rupee also ended the day marginally weaker at 84.0775 against the US dollar, marking its lowest-ever closing level, after hitting an all-time low of 84.0825 earlier in the session.
The market had opened the day on a subdued note, reflecting weak global sentiment and carrying over the negative momentum from Monday’s decline. The Sensex had gained a modest 183.87 points to start at 81,335.14, while the Nifty rose by 31.55 points to open at 24,812.65.
The market displayed a mixed trend, with 22 companies advancing and 27 declining on the Nifty. Shriram Finance, Tech Mahindra, ICICI Bank, HCL Technologies, and Nestle India led the gains, while Tata Steel, Bharat Electronics Limited (BEL), Mahindra & Mahindra (M&M), Tata Motors, and Bharat Petroleum Corporation Limited (BPCL) emerged as the top losers.
