Indian stock market benchmarks, the Sensex and the Nifty 50, ended marginally lower, while the mid-cap and small-cap segments suffered deep losses on Thursday, June 19, as escalating tensions between Israel and Iran kept sentiment fragile.
The Sensex ended 83 points, or 0.10 per cent, lower at 81,361.87, while the Nifty 50 settled 19 points, or 0.08 per cent, down at 24,793.25.
On the other hand, the BSE Midcap index plunged 1.64 per cent and the Smallcap index crashed 1.77 per cent.
The overall market capitalisation of BSE-listed firms dropped to nearly ₹442.5 lakh crore from ₹446.3 lakh crore in the previous session, making investors poorer by about ₹4 lakh crore in a single day.
Indian stock market: 10 key highlights from the day
1. Why did the Indian stock market fall?
Market sentiment remained weak as the risk of Israel-Iran conflict turning into a bigger geopolitical crisis grows.
US President Donald Trump has warned that it was too late for Iran to negotiate. Trump also hinted at ‘something big’ next week.
Moreover, the US Fed has revised growth and inflation forecasts of the US, sketching a stagflationary picture of the world’s largest economy.
The US Federal Reserve left the policy rate unchanged at 4.25 per cent to 4.50 per cent on June 18, reiterating the risks arising from the trade war triggered by President Donald Trump’s tariff policies.
“The Indian equity index experienced rangebound movement with a negative bias as cautious sentiment spread across the globe, driven by concerns over potential U.S. involvement in the Middle East conflict,” said Vinod Nair, Head of Research, Geojit Investments Limited.
“Investor mood was further affected by the Fed’s decision to keep interest rates unchanged while signalling persistent inflation and slower economic growth, which weighed on software export stocks,” Nair said.
2. Top gainers in the Nifty 50 index
Shares of Tata Consumer (up 2.14 per cent), Eicher Motors (up 1.71 per cent) and Mahindra & Mahindra (up 1.58 per cent) ended as the top gainers.
3. Top losers in the Nifty 50 index
Adani Ports (down 2.52 per cent), Bajaj Finance (down 2.29 per cent) and Shriram Finance (down 2.08 per cent) ended as the top losers. As many as 33 stocks closed lower in the Nifty index.
4. Sectoral indices today
Barring Nifty Auto (up 0.52 per cent), all sectoral indices ended lower, with Nifty PSU Bank (down 2.04 per cent), Media (down 1.91 per cent), Realty (down 1.60 per cent) and Metal (down 1.29 per cent) losing big.
Nifty Bank fell 0.45 per cent, while the Financial Services index dropped 0.38 per cent. The Nifty Private Bank index slipped 0.30 per cent.
5. Most active stocks in terms of volume
Vodafone Idea (64.10 crore shares), KBC Global (23.83 crore shares) and GTL Infrastructure (13.66 crore shares) were the most active stocks in terms of volume on the NSE.
6. 11 stocks jump more than 5% on NSE
Aakash Exploration Services (up 20 per cent), Onelife Capital Advisors (up 10 per cent), SPML Infra (up 9.87 per cent), Punjab Chemicals & Crop Protection (up 9.61 per cent) and Aeroflex Industries (up 9.24 per cent) were among the 11 stocks that rose more than 5 per cent on the NSE.
7. Two stocks crash more than 10%
Cinevista (down 11.28 per cent) and M K Proteins (down 10.97 per cent) were the two stocks that crashed more than 10 per cent on the NSE.
8. Over 100 stocks hit lower circuits
As many as 107 stocks, including Interarch Building Solutions, HCC, Reliance Power, Hindustan Motors and Sigma Solve, hit their lower circuits in intraday trade on the NSE.
On the other hand, Jindal Photo, Softtech Engineers and Aakash Exploration Services were among the 46 stocks that hit their upper circuits.
9. Advance-decline ratio
The advance-decline ratio tilted heavily towards the decliners.
Out of 4,117 stocks traded on the BSE, 959 advanced and 3,018 declined. Some 140 stocks remained unchanged.
10. Nearly 80 stocks hit their 52-week lows
Vodafone Idea, Protean eGov Technologies and Easy Trip Planners were among the 79 stocks that hit their 52-week lows in intraday trade on the BSE.
However, AU Small Finance Bank and Muthoot Finance were among the 73 stocks that hit their 52-week highs during the session.
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Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
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