Benchmark domestic equity indices end in negative
Benchmark domestic equity indices ended in negative territory on Monday, mirroring fall in Asian markets amid rising global trade concerns after US President Donald Trump imposed tariffs on Canada, Mexico, and China. The 30-share index at Bombay Stock Exchange, Sensex, shed 319 points, or 0.41 percent, to close at 77,187. Similarly, the National Stock Exchange Nifty-50 slipped 121 points, or 0.52 percent, to settle at 23,361.
Benchmark equity indices, BSE Sensex and NSE Nifty50, took a hit as investors turned cautious after US President Donald Trump imposed duties on Canada, Mexico, and China. Notably, Trump has placed a 25 per cent duty on Canada and Mexico, and a 10 per cent duty on China, citing the need to combat illegal immigration and the drug trade. The BSE Sensex shed 319.22 points or 0.41 per cent to settle at 77,186.74. The index traded in the range of 77,260.37-79,756.09 today. Mirroring the Sensex, NSE Nifty50 also ended lower by 121.10 points or 0.52 per cent at 23,361.05. The Nifty50 recorded a day’s high of 23,381.60, while the day’s low was 23,222 on Monday.
35 constituent stocks of Nifty50 ended in the red, dragged by Larsen & Toubro, Tata Consumer, Hero MotoCorp, Coal India, and Bharat Electronics, with losses extending up to 4.67 per cent. Meanwhile, Bajaj Finance, Shriram Finance, Mahindra & Mahindra, Wipro, and Bajaj Finserv were among the 13 constituent stocks that ended in the green, with gains extending up to 5.12 per cent. Smallcap shares were among the top laggards in broader markets, with the Nifty Smallcap100 index ending down by 2.13 per cent. Meanwhile, the Nifty Midcap 100 index also ended with a loss of 0.93 per cent.
Among sectoral markets, the session ended on a mixed note, with Nifty Oil & Gas, FMCG, and PSU Bank indices being the worst hit, ending down by 2.22 per cent, 1.67 per cent, and 1.60 per cent, respectively. Among others, Nifty IT, Auto, Pharma, Healthcare, and Consumer Durables managed to eke out gains of up to 0.68 per cent.
In the Global Crude Market, Brent Crude was trading over 1.4 percent up at 76 dollars and 77 cents per barrel, and WTI Crude also gained over 2.3 percent to trade at 74 dollars and 26 cents per barrel, when reports last came in. In the Indian bullion market, the 24 Karat Gold was trading up at 82,800 rupees for 10 grams, and Silver 999 fine, is also trading up at 94,010 per kilogram, when reports last came in.