D-Street Rout: Rs 10 lakh crore mcap erased as Sensex tumbles 1,470 points, Nifty ends below 23,200

Stock Market Closing Bell: Domestic equity markets ended sharply lower on Friday, with the Sensex falling nearly 1,400 points and the Nifty slipping below the 23,200 level, extending losses for the third straight session amid broad-based selling across sectors.

Heavy selling was seen in metal, realty, consumer durables and PSU banking stocks, while financials and auto shares also traded weak, reflecting risk-off sentiment in the market.

The 30-share BSE Sensex settled at 74,563.92, down 1,470.50 points or 1.93 per cent. The NSE Nifty50 ended at 23,151.10, declining 488.05 points or 2.06 per cent.

Add Zee Business as a Preferred Source

Selling across sectors drags indices

Sectoral indices largely ended in the red. Nifty Metal led the decline, followed by Realty, Consumer Durables and PSU Banks. Financial and auto stocks also remained under pressure during the session.

FMCG was the only sector to close in the green, indicating defensive buying as investors shifted towards consumption stocks amid heightened market volatility. The sharp decline resulted in an erosion of about Rs 10 lakh crore in investors’ wealth during the session as the sell-off intensified across segments of the market.

Broader markets also decline

Markets remained under pressure throughout the session, with selling seen across large-cap, mid-cap, and small-cap stocks. Most sectoral indices ended in the red, reflecting weak investor sentiment and risk-off trading.

Broader markets also declined sharply. The Nifty Next 50 fell 2.61 per cent, while the Nifty Midcap 100 dropped 2.65 per cent. The Nifty Smallcap indices also witnessed losses of more than 2 per cent during the session.

Metal, auto and PSU banks lead sectoral losses

Among sectoral indices, Nifty Metal emerged as the biggest loser, falling 4.82 per cent. Nifty Auto declined 3.60 per cent, while Nifty PSU Bank dropped 3.72 per cent. Nifty Media also fell 3.56 per cent.

Banking stocks remained under pressure, with the Nifty Bank index falling 2.44 per cent and the Nifty Private Bank index declining 2.10 per cent. The Nifty Financial Services index ended 2.04 per cent lower.

Consumer-related stocks also witnessed selling. Nifty Consumer Durables declined 2.85 per cent, while Nifty Realty ended 1.35 per cent lower.

IT, pharma and oil & gas stocks under pressure

Technology stocks also traded weakly during the session. The Nifty IT index closed 1.72 per cent lower.

Pharma and healthcare shares also declined, with the Nifty Pharma index falling 1.90 per cent and the Nifty Healthcare index slipping 1.80 per cent.

Oil and gas stocks also remained under pressure, with the Nifty Oil & Gas index declining 2.18 per cent.

FMCG stocks showed relative resilience compared with other sectors. The Nifty FMCG index fell only 0.55 per cent, making it one of the least affected sectors during the session.

L&T, Tata Steel among major losers

Among Sensex stocks, only a few shares managed to close in the green. Hindustan Unilever rose 1.15 per cent, while Bharti Airtel gained 0.33 per cent. On the losing side, Larsen & Toubro was the biggest laggard, falling 7.38 per cent. Tata Steel declined 5.30 per cent, while State Bank of India dropped 3.71 per cent.

Other major losers included Maruti Suzuki, which fell 3.12 per cent, UltraTech Cement down 3.07 per cent, and Mahindra & Mahindra, which declined 3.06 per cent. Axis Bank dropped 2.89 per cent, while Kotak Mahindra Bank fell 2.13 per cent. HCLTech declined 2.09 per cent, and InterGlobe Aviation slipped 2.03 per cent.

Shares of HDFC Bank declined 1.85 per cent, while Adani Ports fell 1.62 per cent and NTPC slipped 1.48 per cent. Among technology stocks, TCS fell 1.17 per cent, Infosys declined 1.08 per cent, and Tech Mahindra dropped 1.27 per cent. Other stocks that ended lower included Titan, Trent, Bajaj Finserv, Asian Paints and Power Grid.