Sensex, Nifty 50 extend losses to second consecutive session— 10 key highlights from Indian stock market today
Indian stock market benchmarks — the Sensex and the Nifty 50 — closed in the red on Friday, June 13, extending losses for the second consecutive session amid heightened tensions between Israel and Iran and lingering uncertainty over US tariffs.
The Sensex ended the day with a loss of 573 points, or 0.70 per cent, at 81,118.60, while the Nifty 50 fell 170 points, or 0.68 per cent, to 24,718.60. The BSE Midcap and Smallcap indices closed 0.32 per cent and 0.30 per cent lower, respectively.
Volatility index India VIX jumped 7.59 per cent to 15.08, indicating elevated nervousness among market participants.
Israel's military strike on Iran spooked investors, while foreign capital outflow amid stretched valuations of the domestic market also kept the market down.
A sharp jump in crude oil prices, the rupee's fall against the US dollar and persisting uncertainty about the US tariffs also contributed to the market downtrend.
"Indian equity benchmarks experienced downward pressure, driven by weak global cues and foreign institutional outflows. Market sentiment was notably impacted by heightened geopolitical tensions following Israel's military strike on Iran, which significantly increased risk aversion among investors," said Vinod Nair, Head of Research, Geojit Investments.
Bharat Electronics (BEL) (up 2 per cent), ONGC (up 1.28 per cent) and Tech Mahindra (up 0.83 per cent) ended as the top gainers in the Nifty 50 index.
One stock- Shriram Finance- ended flat.
As many as 38 stocks ended in the red in the Nifty 50 pack, with Adani Ports and Special Economic Zone (down 2.27 per cent), ITC (down 1.67 per cent) and SBI (down 1.57 per cent) ending as the top losers.
Most sectoral indices ended in the red, with banking and financial sectors losing significantly.
Nifty Bank, Financial Services, PSU Bank and Private Bank indices lost about a per cent each
Nifty FMCG and Metal (down 0.96 per cent) indices also lost by a per cent.
On the other hand, Nifty IT, Realty and Healthcare indices ended flat.
Vodafone Idea (46.91 crore shares), GTL Infrastructure (42.6 crore shares) and KBC Global (22.50 crore shares) were the most active stocks in terms of volume on the NSE.
Raj Oil Mills, Shah Metacorp, and Shipping Corporation of India were among the six stocks that rose more than 10 per cent on the NSE.
(This is a developing story. Please check back for fresh updates.)
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Read more stories by Nishant Kumar
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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