The impact of rising tensions in the Middle East was clearly visible on the Indian stock market, where a massive decline was recorded on the first trading day of the week. Selling dominated as soon as the market opened on Monday, and this trend continued throughout the day.
The BSE Sensex closed with a significant drop of 1836.57 points, or 2.46%, at 72,696.39. Meanwhile, NSE’s Nifty 50 index also fell by 601.85 points (2.60%) to 22,512.65. This sharp decline dealt a heavy blow to investors, wiping out approximately ₹14 lakh crore of their wealth.
Looking at the broader market, the decline was observed in almost all sectors. Out of 30 Sensex companies, only 4 shares closed in the green, while 26 shares saw a decline. Similarly, out of 50 Nifty 50 shares, only 3 registered gains, while 47 shares closed in the red.
In today’s trading, HCL Tech share was the top gainer with a rise of about 1.83%, while Titan Company share became the top loser, falling by the most at 6.24%.
Performance of other Sensex shares
Amidst the major market downturn on Monday, only a few Sensex shares managed to hold onto gains. Power Grid shares closed with a gain of 1.39%, while Infosys registered a marginal gain of 0.28% and Tech Mahindra 0.19%.
However, selling pressure was clearly visible on most shares. Trent was the biggest loser with a fall of 5.90%. Additionally, UltraTech Cement fell 5.40%, BEL and Indigo 4.85-4.85%, Tata Steel 4.80%, HDFC Bank 4.70%, and Adani Ports 4.49%.
Other falling shares included Mahindra & Mahindra 3.55%, Asian Paints 3.41%, ITC 3.17%, Bajaj Finserv 2.91%, Kotak Mahindra Bank 2.89%, Axis Bank 2.79%, and Bharti Airtel 2.72%.
Furthermore, L&T closed with a fall of 2.70%, SBI 2.52%, Eternal 2.30%, Bajaj Finance 2.23%, NTPC 2.17%, Maruti Suzuki 1.97%, ICICI Bank 1.84%, Hindustan Unilever 1.43%, Sun Pharma 1.19%, Reliance Industries 0.52%, and TCS 0.32%.
