Sensex, Nifty 50 fall 1%; mid, small-caps bleed more— 10 key highlights from Indian stock market today
The Indian stock market witnessed an across-the-board selloff on Thursday, June 12, in sync with several of its global peers amid rising geopolitical tension, lingering tariff-related anxieties and growing concerns over the dimming global economic growth outlook.
The Sensex closed with a loss of 823 points, or 1 per cent, at 81,691.98, while the Nifty 50 settled 253 points, or 1.01 per cent, lower at 24,888.20. The BSE Midcap and Smallcap indices dropped 1.52 per cent and 1.38 per cent, respectively.
The sharp selloff in the Indian stock market made investors lose over ₹ 6 lakh crore in a single session as the cumulative market capitalisation of BSE-listed firms dropped to nearly ₹ 449.5 lakh crore from ₹ 455.6 lakh crore in the previous session.
The Indian stock market suffered deep losses amid rising tensions in the Middle East and lingering trade war concerns. Deteriorating outlook of the global economic growth, stretched valuations of the domestic market, and the lack of fresh positive triggers seem to have prompted investors to take money off the table after recent gains.
"Consolidation in domestic markets is evolving into a broad-based trend, now extending to large-cap stocks. Valuation concerns and rising oil prices—driven by Middle East tensions—are fuelling risk aversion among investors," Vinod Nair, Head of Research, Geojit Investments Limited, observed.
"Adding to the uncertainty, the US is considering unilateral tariff hikes on several key trading partners, with a decision expected within the next one to two weeks, ahead of an early July deadline," Nair added.
Only seven stocks- Apollo Hospitals Enterprise (0.96 per cent), Asian Paints (up 0.73 per cent), Bajaj Finserv (up 0.46 per cent), Dr. Reddy's Laboratories (up 0.38 per cent), Tech Mahindra (up 0.37 per cent), Wipro (up 0.05 per cent) and Oil & Natural Gas Corporation (up 0.01 per cent)- ended in the green in the Nifty 50 index.
Tata Motors (down 2.98 per cent), Titan Company (down 2.62 per cent) and Trent (down 2.62 per cent) were the top losers in the Nifty pack of stocks.
Nifty Realty, Consumer Durables, Oil & Gas, Auto and Metal indices dropped up to 2 per cent.
Nifty Bank declined 0.67 per cent, while the PSU Bank index crashed 1.27 per cent and the Private Bank index fell 0.79 per cent.
GTL Infrastructure (120.75 crore shares), Vodafone Idea (41.47 crore shares), and RattanIndia Power (24.78 crore shares) were the most active stocks in terms of volume on the NSE.
Karma Energy, Hubtown, Zenith Steel Pipes & Industries, Shah Metacorp and KBC Global were among the 10 stocks that rose over 10 per cent on the NSE.
Some 92 stocks, including GTL Infrastructure, Hubtown, Suven Life Sciences, Z-Tech (India), Hilton Metal Forging and Revathi Equipment India, hit their upper circuits in intraday trade on the NSE.
On the other hand, Kanpur Plastipack, Digitide Solutions and Kernex Microsystems (India) were among the 41 stocks that hit their lower circuits.
(This is a developing story. Please check back for fresh updates.)
Read all market-related news here
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
31 minutes ago
- Time of India
Top 15 Tier-2 cities see 6% growth in home sales value in Q1 2025
The value of residential properties sold across India's leading 15 tier 2 cities showed a 6% rise to Rs 40,443 crore during Q1 2025, compared to Rs 38,102 crore in Q1 2024. PropEquity, an NSE-listed property analytics firm, reported that Lucknow led the growth amongst tier 2 cities with a 25% increase, selling 1301 units in Q1 2025. Coimbatore followed with 21% growth, Gandhi Nagar with 18%, and Mohali with 2%. The total units sold decreased by 8% to 43,781 units in Q1 2025, down from 47,378 units in the corresponding period of the previous year. "The decline in sales in tier 2 cities in January-March period is in line with trends witnessed in tier 1 cities. However, lesser supply in this quarter resulted in lower sales in tier 2 cities. State Capitals performed relatively better," said Samir Jasuja, Founder and CEO, PropEquity according to an ET repport by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo Among the remaining 11 cities, sales declined in Q1 2025, with Visakhapatnam showing the steepest fall at 37%, whilst Ahmedabad and Goa experienced minimal declines of 1% each. Coimbatore achieved the highest increase in sales value at Rs 1120 crore in Q1 2025, representing 52% growth. Lucknow followed at 48%, Gandhi Nagar at 36%, whilst Mohali and Goa each grew by 17%. Ahmedabad and Bhubaneshwar both increased by 7%, and Kochi by 5%. Seven cities experienced declining sales values in Q1 2025, with Visakhapatnam showing the largest decrease at 35%, whilst Vadodara and Nagpur recorded the smallest declines at 1% each. "Demand in tier 2 cities, however, remains robust as people have shown greater preference for organised living. Urban rejuvenation efforts, improved connectivity & social infrastructure, and more importantly greater employment opportunities mainly in IT and new manufacturing hubs in tier 2 cities have further accelerated demand not only from within but also from people who have migrated to metro cities and are preferring to purchase property in their hometowns," Jasuja said. The six State Capitals - Gandhi Nagar, Jaipur, Bhubaneshwar, Lucknow, Goa and Bhopal - experienced a 5% reduction in sales but a 17% increase in sales value, comprising 25% of sales and 30% of sales value in Q1 2025.
Hindustan Times
35 minutes ago
- Hindustan Times
Air India plane crash could be India's costliest aviation insurance payout: How airline coverage works
The tragic crash of an Air India Boeing 787-8 Dreamliner on Thursday, which claimed the lives of 241 people, could end up being the largest aviation insurance payout in Indian history. Industry experts estimate the total liability could range between $211 million and $280 million (around ₹2,400 crore), reported news agency PTI. The aircraft, bound for London's Gatwick Airport, took off from Ahmedabad's Sardar Vallabhbhai Patel International Airport at 1:38 PM. Just 33 seconds into the flight, it crashed into a residential area. Of the 230 passengers and 12 crew members, only one British-Indian passenger, Vishwash Kumar Ramesh, survived the fatal incident. The flight included 169 Indian nationals, 53 British nationals, seven Portuguese citizens, and one Canadian passenger. The wide demographic range will be key in determining compensation under international aviation laws. Physical aircraft losses are estimated between $80 million and $250 million, depending on valuation factors like age, condition, and configuration, according to a report in Mint. Since the aircraft crashed into a residential apartment, there is third-party property damage liability on the operator. There might also be loss of lives in that residential apartment where the aircraft crashed,' Mint quoted Hitesh Girotra, Vice President at Prudent Insurance Brokers, as saying. While the airline has announced interim compensation of ₹1 crore for the deceased, final compensation for passengers will be determined under the Montreal Convention of 1999. According to this, the compensation per deceased passenger could be up to 1,28,821 Special Drawing Rights (SDRs), or about $171,000 (roughly ₹1.47 crore). The total loss to Air India, factoring in all categories of claims, is estimated between $211 million and $280 million. However, it is too soon to determine the total liability that the airline may face due to the widespread devastation caused by this crash. Like most global airlines, Air India does not rely on a single Indian insurer for coverage. Instead, coverage is spread across global insurance markets through a network of reinsurers. 'No single insurer bears the entire risk—coverage is widely distributed among global reinsurers, with shares as small as 1.5% to 2% and a lead reinsurer typically taking 10-15%,' said Narendra Bharindwal, president of the Insurance Brokers Association of India. 'Aviation insurance programs for major airlines such as Air India are arranged on a fleet basis and reinsured across international markets like London and New York,' he added. This model ensures that the financial impact of catastrophic incidents is absorbed across a broad global base. Mint reported that since Air India was acquired by the Tata Group, the responsibility of insurance procurement has shifted from government tenders to private mechanisms. Earlier, public-sector insurers competed in annual tenders. Now, the Tata Group has the autonomy to appoint insurers and reinsurers based on its assessment of risk and cost.
News18
35 minutes ago
- News18
Block Trades Boost Jubilant Stocks: Ingrevia Soars 11%, FoodWorks Up 2.5%
Last Updated: Jubilant Block Deal: Shares of Jubilant Group companies rallied on June 13 following large block deals Jubilant Block Deal: Shares of Jubilant Group companies rallied on June 13 following large block deals, with market participants attributing the trades to promoter stake sales aimed at funding the group's upcoming acquisition of a strategic stake in Hindustan Coca-Cola Beverages (HCCB). Jubilant FoodWorks rose 2.5% on the NSE, while Jubilant Ingrevia surged over 11% as significant chunks of equity changed hands via block trades. According to exchange data, five block deals involving 1.06 crore shares — or 1.6% of Jubilant FoodWorks' equity — were executed. Meanwhile, six block trades in Jubilant Ingrevia saw 98.7 lakh shares (6.2% equity) change hands. In addition, Jubilant Pharmova witnessed a single block trade comprising 48 lakh shares, amounting to roughly 3% of its equity. The cumulative value of the block transactions across the three companies is estimated at Rs 1,896 crore, as per market sources. According to reports, the Bhartia family — promoters of the Jubilant Group — likely offloaded these stakes to partially fund their earlier-announced Rs 12,500 crore investment in Hindustan Coca-Cola Holdings (HCCH). In December, the group said it would acquire a 40% stake in HCCH via its subsidiary, Jubilant Beverages Ltd. HCCH is the parent company of HCCB, India's largest bottler for Coca-Cola. Jubilant FoodWorks operates the Domino's Pizza franchise across India, Nepal, Sri Lanka, and Bangladesh. It also manages Dunkin', Popeyes, and homegrown brands like Ekdum! and Hong's Kitchen. As of June 13, its market cap stood at around Rs 45,000 crore. Jubilant Pharmova, the group's pharma and life sciences arm, focuses on sterile injectables, contract research, allergy therapy, and radiopharmaceuticals. Its market capitalisation was Rs 17,760 crore. Jubilant Ingrevia operates in the life sciences and specialty chemicals segment, manufacturing products such as vitamin B3 and B4, pyridine derivatives, and ethanol. It also provides CDMO (contract development and manufacturing) services, with a market cap of nearly Rs 12,000 crore. First Published:
