Share Market Today: Sensex and Nifty Face Significant Declines Amid Global Volatility
Share Market Overview
The share market today experienced significant declines, with the key equity indices, Sensex and Nifty, facing losses amid global volatility. The BSE Sensex fell by 398 points, closing at 81,523, while NSE Nifty50 dropped 123 points to settle at 24,918.
Stock Performance Highlights
- Tata Motors shares recorded a substantial decline of 5.7%.
- Other notable losers included SBI, NTPC, and Adani Ports.
- Conversely, stocks such as Asian Paints and Bajaj Finance were among the few gainers.
Sectoral Analysis
Sector-wise, the Nifty Oil & Gas Index led the declines with a drop of 2%, closely followed by the Nifty PSU Bank and Nifty Metal sectors. On the brighter side, Nifty FMCG emerged as a minor gainer.
Global Market Influence
Global indicators influenced Indian markets, with mixed performances from Asian and European markets. The US markets saw a positive trend prior to today's declines, contributing to the volatility observed.
Currency Trends
The rupee traded steadily, ending flat at 83.98 against the US dollar amid fluctuating oil prices and a weakening dollar.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.