Indian Domestic benchmark indices, the Sensex and Nifty50, continued their decline for a second straight day, closing lower amid increased market volatility ahead of weekly derivatives expiry. A lack of fresh market catalysts also contributed to the subdued sentiment as investors awaited the upcoming June-quarter earnings season and updates on the long-awaited India-US trade deal.
Market Performance at a Glance
- The Sensex dropped 345 points (0.41%) to close at 83,190.
- The Nifty50 fell 121 points (0.47%) to end at 25,355.
Broader Market Movement
In the broader market at the Bombay Stock Exchange (BSE):
- The Mid-Cap index saw a decline of 0.28%.
- The Small-Cap index, however, showed resilience, recovering some losses to gain 0.12%.
Sensex Top Performers and Laggards
Out of the 30 companies in the Sensex pack, 6 managed to close in positive territory.
Top Gainers:
- MARUTI: surged 1.36%
- TATA STEEL: climbed nearly 1.04%
- Bajaj Finance: advanced almost 0.7%
Top Laggards:
- Bharti Airtel: shed over 2.62%
- Asian Paints: dropped more than 1.9%
- Infosys: dipped over 1%
Sectoral Performance
Among the 21 sectoral indices at the BSE, 4 ended in the red.
Top Laggard Sectors:
- BSE Telecommunication: dipped 1.11%
- BSE TECK: slipped 1.17%
- Consumer Durables: shed almost 0.4%
Top Gainer Sectors:
- Realty: surged 0.69%
- Metals: climbed 0.4%
- Utilities: increased 0.03%
Overall Market Breadth
The overall market breadth at the BSE was negative, with 2,064 companies declining against 1,959 companies advancing, and 138 remaining unchanged. On the National Stock Exchange (NSE), 68 companies hit their 52-week high, while 28 reached their 52-week low.
