Kamal Ghorui
Stock market today: Benchmark equity indices snapped a three-day winning streak on Thursday, with the Sensex plunging over 1,200 points and the Nifty closing near the 25,450 mark amid a broad-based sell-off triggered by escalating geopolitical tensions between the US and Iran.The 30-share BSE Sensex tumbled 1,236.11 points, or 1.48 per cent, to settle at 82,498.14. The 50-share NSE Nifty slumped 365 points, or 1.41 per cent, to close at 25,454.35. Here’s a look at the top gainers and losers across Nifty50 and BSE indices.
Nifty50 top gainers
- ONGC (3.80%)
- Hindalco (0.72%)
- HDFC Life (0.49%)
- Dr Reddys (0.16%)
Nifty50 top losers
- InterGlobe (-3.32%)
- Trent (-2.85%)
- M&M (-2.80%)
- UltraTech Cement (-2.79%)
- BEL (-2.76%)
- Bajaj Auto (-2.52%)
- Adani Enterprises (-2.47%)
- Adani Ports SEZ (-2.42%)
- Grasim Industries (-2.37%)
BSE100 top gainers
- ONGC (3.80%)
- Hindalco (0.72%)
- Tube Investments (0.70%)
- HDFC Life (0.49%)
- Divis Labs (0.23%)
- Dr Reddys (0.16%)
- Lupin (0.09%)
BSE Sensex top losers
- InterGlobe (-3.32%)
- Trent (-2.85%)
- M&M (-2.80%)
- UltraTech Cement (-2.79%)
- BEL (-2.76%)
- Kwality Walls (-2.53%)
- Adani Ports SEZ (-2.42%)
- Kotak Bank (-2.34%)
- RIL (-2.21%)
- Eternal (-2.02%)
“The bears took charge of the Indian market as rising geopolitical tensions between the US and Iran unsettled global sentiment, leading to a broad-based sell-off,” Vinod Nair, Head of Research at Geojit Investments Ltd, said, PTI quoted him as saying.He added that Brent crude surged to its year-to-date high, aggravating inflation concerns and increasing market volatility amid fears of disruption at the Strait of Hormuz.“At the same time, uncertainty surrounding the US Fed’s rate-cut trajectory and continued weakness in the INR impacted the domestic market. Sell-off intensified due to low FII participation because of Lunar New Year holiday across key Asian markets and a non-settlement day on account of a regional banking holiday in India,” Nair said.Meanwhile, Brent crude, the global oil benchmark, rose 1.02 per cent to $71.07 per barrel.In Asian markets, South Korea’s Kospi settled about 3 per cent higher, while Japan’s Nikkei 225 closed nearly 1 per cent higher. Markets in Hong Kong and mainland China remained shut for Lunar New Year holidays.European markets were trading lower in mid-session deals, while US equities had ended in positive territory on Wednesday.Foreign institutional investors bought equities worth Rs 1,154.34 crore on Wednesday, while domestic institutional investors were also net buyers, purchasing stocks worth Rs 440.34 crore, according to exchange data.
