Today’s stock market: Indian equity benchmark index, BSE Sensex The Nifty50 faced heavy losses on Tuesday amid heavy foreign fund outflows from capital markets and weakness in global equities.
The BSE Sensex fell 930.55 points, or 1.15%, to close at 80,220.72 points; the Nifty50 index fell 309 points, or 1.25%, to close at 24,472.10 points.
Earlier in the intraday trading session, the BSE Sensex plunged 1,001.74 points, or 1.23 per cent, to 80,149.53.
The decline was mainly driven by major stocks such as Reliance IndustriesSBI, HDFC BankAccording to reports, the BSE Sensex index fell by a total of 505 points.
Other factors contributing to the decline include TCS, NTPC, Tata Motors, axis bankand power grid.
The rupee also weakened slightly against the US dollar on the day, closing at 84.0775, its lowest closing price in history, after hitting a record low of 84.0825.
Markets opened subdued, reflecting weak global sentiment and extending negative momentum from Monday’s losses. The Sensex edged up 183.87 points to end at 81,335.14 points, while Playful It opened up 31.55 points to 24,812.65 points.
The market was mixed, with 22 companies gaining and 27 falling on the Nifty. Shriram Finance, Tech Mahindra, ICICI Bank, HCL Technologies and Nestle India led the gains, while Tata Steel, Bharat Electronics Ltd (BEL), Mahindra & Mahindra (M&M), Tata Motors and Bharat Petroleum Corporation Limited (BPCL) led the gains.