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Nifty top losers today: IndiGo, SBI, Tata Motors stocks among biggest drags as oil shock rattles markets
Among the Nifty top losers today, IndiGo stock plunged about 5.4 percent, making it the biggest decliner on the index. State Bank of India fell around 5.1 percent. Auto stocks also featured prominently among the losers.
Nifty Realty falls nearly 2%, Godrej Properties, Prestige down up to 4% as crude-driven inflation worries weigh
The weakness in real estate shares comes amid broader concerns about elevated crude oil prices and their potential inflationary impact, which could delay interest-rate cuts by central banks.
Closing Bell: Sensex crashes 1,123 pts, Nifty below 24,500 as US-Iran tensions intensify
Except IT, all other sectoral indices ended in the red, with Infra, PSU Bank, Realty, Media, Oil & gas, Auto, Metal down 2-4%. Nifty Midcap and smallcap indices down 2% each. Tata Steel, Tata Motors Passenger Vehicles, SBI Life Insurance, L&T, JSW Steel were among major losers on the Nifty, while gainers included Coal India, Bharti Airtel, Infosys, Tech Mahindra.
IndiGo among top Nifty losers; Asian Paints, IOCL, Apollo Tyres slump as crude surge hits paints, tyre stocks
The sharp fall in crude-sensitive counters comes as oil prices surged amid the widening conflict involving the United States, Israel and Iran. Paint companies' stocks were among the worst affected, while Tyre makers and OMCs were also weak. The selling pressure extended to aviation stocks as well.
DLF, Lodha Developers fall up to 5% as real estate stocks slide; Nifty Realty down 3% amid US-Iran tension
The selling in real estate stocks came as global crude oil prices and energy markets turned volatile following the US-Iran conflict, raising concerns about inflation and household spending in oil-importing economies such as India.
Closing Bell: Nifty below 24,900, Sensex slips 1,048 pts on rising middle east tension
Biggest Nifty losers were L&T, Interglobe Aviation, Adani Ports, Tata Motors Passenger Vehicles, Adani Enterprises, while gainers included Bharat Electronics, Sun Pharma, ONGC, Dr Reddy's Labs and Hindalco. Except metals, all other sectoral indices ended lower with Auto, Consumer Durables, Oil & Gas down 2 percent each. The Nifty midcap and smallcap indices fell 1.5 percent each.
Axis Max Life, SBI Life lead June premium growth; Nomura says 'June brings Life back'
Among its covered companies, Axis Max Life recorded the strongest total APE growth at 21% year-on-year in June, followed by SBI Life at 18%, ICICI Prudential Life at 15% and HDFC Life at 8%.