Nifty50 lost
| Company Name | Current Price (Rs.) | price change | % Change |
|---|---|---|---|
| Shriram Finance | 949.80 | -71.81 | -7.03% |
| eternal | 228.74 | -13.80 | -5.69% |
| Bajaj Finance | 832.20 | -47.90 | -5.45% |
| hdfc bank | 798.20 | -44.85 | -5.32% |
| M&M’s | 3,045 | -169.00 | -5.27% |
| L&T | 3,435 | -173.00 | -4.81% |
| Tata Motors PV | 309.30 | -15.45 | -4.76% |
| interglobe | 4,154 | -206.00 | -4.74% |
| Trent | 3,482 | -159.00 | -4.37% |
| Bajaj Auto | 8,869 | -403.00 | -4.35% |
decline in sensex
| Company Name | Current Price (Rs.) | price change | % Change |
|---|---|---|---|
| eternal | 228.74 | -13.80 | -5.69% |
| Bajaj Finance | 832.20 | -47.90 | -5.45% |
| hdfc bank | 798.20 | -44.85 | -5.32% |
| M&M’s | 3,045 | -169.00 | -5.27% |
| L&T | 3,435 | -173.00 | -4.81% |
| interglobe | 4,154 | -206.00 | -4.74% |
| Trent | 3,482 | -159.00 | -4.37% |
| Bajaj Finserv | 1,715 | -76.90 | -4.30% |
| UltraTech Sem. | 10,814 | -433.00 | -3.85% |
| Axis Bank | 1,207 | -46.21 | -3.69% |
nifty50 gainer
| Company Name | Current Price (Rs.) | price change | % Change |
|---|---|---|---|
| ONGC | 269.10 | +4.11 | +1.55% |
Sharp reversal ends three-day rally
Thursday’s selloff marked a dramatic reversal after a slight correction over the past three sessions. In the last three sessions, Nifty had gained 2.68 per cent or 626 points, while Sensex had gained 2.8 per cent or 2,140 points. Those gains were wiped out in a single trading day as global risk sentiment declined sharply.
Oil shocks and global weakness lead to widespread selling
The market fell after Brent crude rose 6.75 percent to $114.8 a barrel as Iran stepped up attacks on Gulf energy assets including a major natural gas facility in Qatar, two Kuwaiti oil refineries and a Saudi refinery on the Red Sea.The sharp rise in oil prices has raised concerns over inflation, India’s import bill and corporate margins, especially as the country is heavily dependent on imported crude.PTI also said all sectoral indices closed in the red, with auto, realty, financial services and banking being the most affected. The market breadth was decisively negative, with 3,192 shares declining against only 1,051 gains on the BSE.
Top Nifty 50 losers include Shriram Finance, Eternal and Bajaj Finance
Selling in Nifty50 was led by financial and consumption counters.Shriram Finance was the top loser on Nifty50, falling 7.03 per cent to Rs 949.80. Eternal fell 5.69 per cent to Rs 228.74, while Bajaj Finance fell 5.45 per cent to Rs 832.20.HDFC Bank, already under pressure following the resignation of Chairman Atanu Chakraborty over ethics concerns, fell 5.32 per cent to Rs 798.20, according to data provided and PTI’s broader market report.Mahindra & Mahindra fell 5.27 per cent to Rs 3,045, while Larsen & Toubro fell 4.81 per cent to Rs 3,435. Other major Nifty laggards include Tata Motors PV, which fell 4.76 per cent to Rs 309.30; InterGlobe Aviation, down 4.74 per cent at Rs 4,154; Trent, down 4.37 per cent at Rs 3,482; And Bajaj Auto fell 4.35 percent to Rs 8,869.
Fall in Sensex reflects widespread damage
Eternal was also the worst performer on the Sensex, falling 5.69 per cent to Rs 228.74.It was followed by Bajaj Finance, which fell 5.45 percent to Rs 832.20; HDFC Bank, down 5.32 per cent at Rs 798.20; Mahindra & Mahindra, down 5.27 per cent at Rs 3,045; And Larsen & Toubro fell 4.81 percent to Rs 3,435.InterGlobe Aviation fell 4.74 per cent to Rs 4,154, while Trent fell 4.37 per cent to Rs 3,482. Bajaj Finserv fell 4.30 per cent to Rs 1,715, UltraTech Cement fell 3.85 per cent to Rs 10,814 and Axis Bank fell 3.69 per cent to Rs 1,207.The list highlights how the pain was concentrated in rate-sensitive lenders, cyclical and discretionary names.
ONGC was the only bright spot in Nifty50
In an otherwise deep red market, ONGC was the only stock in the Nifty 50 to end in positive territory.ONGC rose 1.55 per cent to Rs 269.10, becoming the only exception with a gain of Rs 4.11 on the day.
Analysts say macro risks sharply changed sentiment
Market experts said the sharp decline reflected a rapid change in risk appetite as geopolitical and macroeconomic concerns converged.“Indian equities saw a sharp and broad-based reversal, with the Nifty-50 erasing recent gains in a single session as global and domestic risks converged. The selloff was triggered by a combination of macro headwinds, which significantly changed risk sentiment. Crude oil prices rose above US$111 per barrel amid rising geopolitical tensions in the Middle East, raising concerns over continued supply disruptions, Hariprasad K, research analyst and founder of Livelong Wealth, was quoted as saying by news agency PTI.Vinod Nair, head of research at Geojit Investments Ltd, also linked the decline to both oil and global monetary cues.“A series of attacks on energy infrastructure in the Middle East led to a fresh surge in oil prices and dampened investor sentiment, leading domestic markets to close sharply lower, giving up the gains of the past three days. The US Fed has adopted a dovish stance, indicating higher inflation amid increased geopolitical uncertainty,” he said, according to PTI.
Midcap, smallcap and all sectors closed in the red.
The damage was not limited to frontline indexes.The BSE Midcap Select index fell 3.34 per cent, while the Smallcap Select index fell 2.77 per cent.All regional indices closed with losses. Auto was the worst affected, falling 4.07 per cent, followed by realty 3.79 per cent, financial services 3.66 per cent, consumer discretionary 3.62 per cent, BSE top 10 banks 3.53 per cent, industrials 3.49 per cent, services 3.44 per cent, BSE Focused IT 3.41 per cent and consumer durables 3.38 per cent. Percentage declined. According to PTI, 100 percent.Market breadth was also largely negative, with 3,192 shares falling as against 1,051 rising on the BSE, while 161 shares remained unchanged.
Global weakness increases pressure
Weakness in global markets increased pressure on Indian stocks.PTI said Asian markets including South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng closed significantly lower.European markets were also trading with heavy losses, while American markets closed with heavy losses on Wednesday.
FIIs continue selling, DIIs offer some support
The flow of foreign investors remained under pressure.According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 2,714.35 crore on Wednesday. However, domestic institutional investors (DIIs) bought shares worth Rs 3,253.03 crore, partially offsetting the outflows.Thursday’s decline was the clearest sign of how sharply Indian markets are reacting to the deepening conflict in West Asia.With Brent crude now above $114 a barrel and a direct attack on Gulf energy infrastructure, investors are pricing in the risks of higher imported inflation, pressure on India’s current account, and the possibility of slower growth if the conflict prolongs.If oil remains high and global risk aversion increases, market volatility is likely to remain high in the coming sessions.