Market Closing: Sensex Falls 548 Points, Nifty At 23,382; Trent Down 4%, Titan 3% – News18
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Benchmark equity indices, BSE Sensex and Nifty50, started the week on a flat note on Monday, reflecting mixed global cues
Stock Market Today
Sensex Today: Benchmark equity indices, the BSE Sensex and NSE Nifty50, closed lower on Monday, weighed down by broad-based selling. The 30-share Sensex declined by 548.39 points, or 0.70%, settling at 77,311.80. It traded within the range of 77,849.58 to 77,106.89 throughout the day.
Similarly, the NSE Nifty50 ended the day down by 178.35 points, or 0.76%, at 23,381.60. The Nifty50 hit a high of 23,568.60 and a low of 23,316.30 during the session.
The market’s downturn was evident as 39 of the 50 Nifty50 stocks ended in the red, led by declines in Trent, Tata Steel, Power Grid Corp, Titan, and ONGC, with losses reaching as high as 4.48%. In contrast, Kotak Mahindra Bank, Bharti Airtel, Britannia, Tata Consumer Products, and HCL Tech were among the 11 stocks that gained, rising up to 1.74%.
Broader market indices followed suit, with the Nifty Smallcap100 and Nifty Midcap100 indices both ending lower by over 2%.
The India VIX, which measures market volatility, surged by 5.55 points to close at 14.45.
All sectoral indices on the NSE ended in the red, with Nifty Metal, Realty, Healthcare, Consumer Durables, Media, and select Consumer Durables sectors seeing losses of more than 2% each.
Global Cues
Asian shares declined, and the dollar edged higher on Monday following U.S. President Donald Trump’s renewed warnings of imminent tariffs, including on steel and aluminum. This inflationary move could limit the potential for future rate cuts.
Trump, speaking to reporters on Air Force One, stated that he would announce a 25% tariff on all steel and aluminum imports into the U.S. on Monday, with additional reciprocal tariffs expected to be revealed on Tuesday or Wednesday.
Oil prices rose slightly on Monday, as investors weighed the impact of Trump’s latest tariff threat, which could dampen global economic growth and energy demand.
Brent crude futures increased by 40 cents, or 0.5%, to $75.06 a barrel by 0133 GMT, while U.S. West Texas Intermediate crude was up 38 cents, or 0.5%, at $71.38 a barrel. Despite this rise, the market recorded its third consecutive weekly decline last week due to concerns over a potential global trade war.
