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Sensex falls over 500 points, Nifty ends below 23,400; banks, autos drag markets
The Sensex fell 508 points to close at 74,267, while the Nifty declined 165 points to settle at 23,383, slipping below the 23,400 mark. Market breadth remained weak, with declines outpacing advances and the NSE advance-decline ratio standing at 1:2.
Why did market fall today? Sensex drops 500 points, Nifty closes below 23,400: 4 key factors
Indian stock markets experienced a sharp decline on Monday. The Sensex and Nifty both fell significantly. This downturn was driven by substantial foreign investor selling and growing concerns over the Iran-US conflict. Rising oil prices and increased market volatility also contributed to the negative sentiment. While IT stocks showed resilience, broader market indices and FMCG stocks faced losses.
Why did market fall today? Sensex drops 500 points, Nifty closes below 23,400: 4 key factors - The Economic Times
Why did market fall today? Sensex drops 500 points, Nifty closes below 23,400: 4 key factorsThe Economic Times
Nifty FMCG index sheds 2%; Dabur slips 4%; ITC, Britannia hit 52-week lows
In the past one month, the FMCG index has underperformed the market, by falling 5 per cent, as against 2.3 per cent decline in Nifty 50.
Tata Motors commercial vehicle sales soar 17% at 32,850 units in May
Tata Motors has announced strong sales figures for May. Total commercial vehicle sales saw a significant 17 percent increase. Domestic sales also climbed by 19 percent, showcasing robust performance. While international volumes experienced a slight dip, the overall trend indicates positive momentum for the company's commercial vehicle segment. This growth reflects a healthy market for Tata Motors' offerings.
Stock Market Crash: Nifty Dips 0.65%, Sensex Down 1,000 Points From Day's High — Three Reasons Why Market Is Falling Today
The broader market is also facing pressure with the Nifty Smallcap 250 falling almost 0.72%, and the Nifty Midcap 150 dropping about 1.21%.
HMSI sales rise 12 pc to 5.18 lakh units in May
Honda Motorcycle & Scooter India saw a strong performance in May. Total sales increased by 12 percent to 5.18 lakh units. Domestic sales grew by 10 percent. Exports also surged by 23.62 percent. The company attributes this growth to its wide product range and extensive dealer network. This indicates a steady demand in the two-wheeler market.
Saregama India Ltd gains for third straight session
Saregama India Ltd is quoting at Rs 447.4, up 5.48% on the day as on 12:49 IST on the NSE. The stock is down 18.19% in last one year as compared to a 4.79% slide in NIFTY and a 16.39% slide in the Nifty Media index.
HCL Technologies Ltd rises for third consecutive session
HCL Technologies Ltd is quoting at Rs 1207.6, up 2.01% on the day as on 12:49 IST on the NSE. The stock is down 25.98% in last one year as compared to a 4.79% drop in NIFTY and a 18.53% drop in the Nifty IT index.
LTM Ltd gains for third consecutive session
LTM Ltd is quoting at Rs 4249.6, up 4.63% on the day as on 12:49 IST on the NSE. The stock is down 16.22% in last one year as compared to a 4.79% drop in NIFTY and a 18.53% drop in the Nifty IT index.
Wockhardt Ltd spurts 8.35%, gains for fifth straight session
Wockhardt Ltd is quoting at Rs 2201.1, up 8.35% on the day as on 12:44 IST on the NSE. The stock is up 50.14% in last one year as compared to a 4.86% jump in NIFTY and a 13.48% jump in the Nifty Pharma.
Zee Entertainment Enterprises Ltd spurts 3.64%, up for fifth straight session
Zee Entertainment Enterprises Ltd is quoting at Rs 96.5, up 3.64% on the day as on 12:44 IST on the NSE. The stock is down 24.58% in last one year as compared to a 4.86% slide in NIFTY and a 16.45% slide in the Nifty Media.