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Mumbai: Foreign funds sold shares in Indian stock markets due to continued vigilance during the third phase of Lok Sabha elections as well as voting in several states including Gujarat. On the international front, especially on domestic factors, Israel rejected the ceasefire proposal, crossed the Rafah border crossing into Gaza, and opened a new front for the elimination of Hamas. Domestically, selling in power, banking, auto, IT frontline stocks led to heavy losses, followed by funds buying in FMCG stocks followed by heavyweight IT stocks and select banking stocks. At one time Sensex fell by 636.28 points to reach a low of 73259.26 points and finally fell by 383.69 points and closed at 73511.85 points. While the Nifty 50 spot fell 210.65 points to a low of 22232.05 at one point, it fell 140.20 points to close at 22302.50.
Auto index falls 877 points: Bajaj falls Rs 370 to Rs 8678: TVS, Tata Motors fall
Due to heavy selling in shares of automobile companies today, BSE Auto Index fell 877.49 points and closed at 50543.35. Bajaj Auto fell by Rs 370.05 to Rs 8678.60, TVS Motors fell by Rs 73.75 to Rs 1980.80, Tata Motors fell by Rs 27.60 to Rs 29,500.60, Cummins India fell by Rs 35.00 to Rs 337. Rs 5, Maruti Suzuki fell by Rs 66.05 to Rs 12,367.10, Sundaram fell by Rs 05 to Rs 1127.75.
Metal index falls 714 points: Selling in SAIL, Vedanta, NMDC, Jindal, Tata Steel
Funds sold heavily in metal-mining stocks today, with the BSE Metal index falling 714.28 points at 30,860.82. Shares were sold off amid fears of a negative impact on domestic steel makers amid reports of a sharp rise in steel imports from China to India. SAIL fell by Rs 6.80 to Rs 156.15, Vedanta fell by Rs 14.75 to Rs 395.85, NMDC fell by Rs 8.40 to Rs 260.85, Jindal Stainless fell by Rs 21.70 to Rs 700.05, Hindalco fell by Rs 18.50 to Rs 620. , Jindal Steel fell by Rs 13.95 to Rs 922.65, JSW Steel fell by Rs 21.25 to Rs 858.70, Coal India fell by Rs 4.55 to Rs 455.90.
Healthcare index falls by 679: Rainbow falls by Rs. 134 to Rs. 1448: Solara, Medicaman, Lupine fall
Today, BSE Healthcare Index fell 678.97 points to close at 35072.51 due to heavy profit selling by funds in healthcare-pharmaceutical companies. Rainbow Child fell by Rs 134.50 to Rs 1448.15, Solara Active fell by Rs 29.55 to Rs 511.50, Indraprastha Medi fell by Rs 12.60 to Rs 240.50, Lupine fell by Rs 69.20 to Rs 16. At Rs 10.55, Strides Pharma at Rs 36.60 Falling to Rs 845, Torrent Pharma fell by Rs 105 to Rs 2610.55, Piramal Pharma fell by Rs 5.95 to Rs 150.05, Shilpa fell by Rs 19.55 to Rs 502.55.
IndusInd Bank falls by Rs 46 to Rs 1453: Federal, IDFC Bank, ICICI Bank fall
BSE Bankex index fell 605.08 points to close at 54,929.28 due to continuous selling of funds in banking stocks. IndusInd Bank fell by Rs 45.75 to Rs 1452.60, IDFC First Bank fell by Rs 2.22 to Rs 77.85, Federal Bank fell by Rs 4.15 to Rs 159.60, Bank of Baroda fell by Rs 6 to Rs 55. 259.20, ICICI Bank fell by Rs 17.05 to Rs 1131.75, State Bank of India fell by Rs 5.80 to Rs 801.95. While Kotak Mahindra Bank increased by Rs 19.55 to reach Rs 1644.30.
Among FMCG shares, Jyoti Labs rose by Rs 42, Merico by Rs 52, Hindustan Unilever by Rs 124.
Funds rated FMCG stocks in a poor market. Jyothi Labs increased by Rs 42.25 to Rs 456.80, Marico increased by Rs 52.30 to Rs 583.35, Hindustan Unilever increased by Rs 124.25 to Rs 2379.60, Dabur India increased by Rs 28.20 to Rs 559.05, Nestle India increased by Rs 50. Increase by Rs .55 to Rs 2508.55 , Vadilal Industries rose by Rs 73.25 to Rs 4768.75, ITC rose by Rs 5.80 to Rs 440.80. BSE FMCG index closed at 20055.67, up 353.74 points.
Oil-gas index falls to 618: Linde India, IOC, ONGC, Reliance fall
Despite international crude prices again falling below the peak, funds also invested heavily in oil-gas stocks today, with the BSE Oil-Gas index falling 618.19 points to close at 27924.20. Linde India fell by Rs 407.05 to Rs 7981, IOC fell by Rs 6.30 to Rs 160, ONGC fell by Rs 8.50 to Rs 273.50, GAIL fell by Rs 4.85 to Rs 192.85, Reliance Industries fell by Rs 4.85 to Rs 192.85. From Rs 35.05 to Rs 2803.95, BPCL fell by Rs 6 to Rs 604.05.
Small, midcap stocks fall: Uninterrupted gap in many stocks: 2794 shares closed negative
Market conditions turned extremely sour today as Sensex, Nifty-led decline continued, as nervous retail investors rushed to sell in panic mode across many small, mid-cap, cash stocks, funds and players. Rushed to sell. Out of total 3932 stocks traded on BSE, the number of declining stocks was 2794 and the number of gaining stocks was 1034.
Net sale of shares by FPI/FII was Rs. 3668 crore: Net purchases by DIIs are Rs. 2304 crores
Foreign portfolio investors – FPIs, FIIs sold shares worth a net Rs 3668.84 crore in cash today on Tuesday. There were sales of Rs 17,395.60 crore against total purchases of Rs 13,726.76 crore. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 2304.50 crore in cash today. There were total sales of Rs 10,898.30 crore against total purchases of Rs 13,202.80 crore.
Investors' wealth in stock-market cap. Rs 4.96 lakh crore were washed away and Rs 398.43 lakh crore remained.
Sensex and Nifty based stocks fell for the second consecutive day and today due to heavy selling, small and medium stocks also fell. As a result, investors' wealth, i.e. total market capitalization of BSE listed companies, declined by Rs 4.96 lakh crore in a day to Rs 398.43 lakh crore.