Kamal Ghorui
Equity benchmark indices closed lower on Thursday, with the Sensex tumbling 931 points after the previous session’s sharp rally, as renewed tensions in West Asia dented ceasefire-led optimism.The truce appeared at risk after Iran again shut the Strait of Hormuz following Israeli strikes in Lebanon, while rising crude prices, weak global cues and continued foreign fund outflows added to investor nervousness.The 30-share BSE Sensex declined 931.25 points or 1.20% to settle at 76,631.65, after falling as much as 1,215 points or 1.56% to 76,347.90 during the day. The NSE Nifty dropped 222.25 points or 0.93% to close at 23,775.10.
Nifty50 top gainers
- Hindalco (3.56%)
- Dr Reddys (1.73%)
- Bajaj Auto (1.62%)
- BEL (1.54%)
- JSW Steel (1.29%)
- Nestle India (1.24%)
- NTPC (1.21%)
- TCS (1.17%)
- Power Grid (1.11%)
Nifty50 top losers
- InterGlobe (-3.61%)
- L&T (-2.74%)
- Eternal (-2.36%)
- HDFC Bank (-2.26%)
- Kotak Bank (-2.18%)
- ICICI Bank (-2.14%)
- SBI (-1.94%)
- Trent (-1.40%)
- M&M (-1.35%)
BSE Sensex top gainers
- BEL (1.54%)
- NTPC (1.21%)
- TCS (1.17%)
- Power Grid (1.11%)
- Tech Mahindra (0.71%)
- Tata Steel (0.50%)
- HCL Tech (0.27%)
- ITC (0.19%)
- Sun Pharma (0.15%)
BSE Sensex top losers
- InterGlobe (-3.61%)
- L&T (-2.74%)
- Eternal (-2.36%)
- HDFC Bank (-2.26%)
- Kotak Bank (-2.18%)
- ICICI Bank (-2.14%)
- SBI (-1.94%)
Brent crude, the global oil benchmark, rose 3.27% to USD 97.85 per barrel.Asian markets including South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng ended lower after the previous session’s rally, while European markets were also trading in negative territory.“Ceasefire-led optimism faded as renewed US–Iran tensions and ongoing restrictions at the Strait of Hormuz pushed crude back up, reviving concerns around India’s inflation. Domestically, profit-booking, rising 10-year bond yields, and rupee weakness reduced near-term risk appetite. Financials led the decline after the previous session’s sharp rally amid sustained FII selling, while broader markets held relatively steady,” said Vinod Nair, Head of Research, Geojit Investments Limited, PTI quoted.Foreign Institutional Investors (FIIs) sold equities worth Rs 2,811.97 crore on Wednesday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 4,168.17 crore, as per exchange data.US markets had ended significantly higher on Wednesday, with the Dow Jones Industrial Average rising 2.85%, Nasdaq Composite gaining 2.80% and S&P 500 climbing 2.51%.“Indian markets witnessed a pullback, snapping the recent five-session gaining streak as sentiment turned cautious amid fading confidence around the US–Iran ceasefire. After a sharp rally in the previous session, today’s decline appears largely driven by profit-booking, with participants choosing to lock in gains rather than carry fresh risk in an uncertain environment,” said Hariprasad K, Research Analyst and Founder, Livelong Wealth.
