Sensex slumps 930 points, Nifty closes at 22,900
STC BUSINESS DESK
MUMBAI, APRIL 04 (STC): Amid selling across the sectors, Indian equity indices ended on a weak note with Nifty below 23,000 today. At close, the Sensex was down 930.67 points (1.22 percent) at 75,364.69, and the Nifty was down 345.65 points (1.49 percent) at 22,904.45.
On the sectoral front, Metal index plunged 6.5 percent, Pharma index shed 4 percent, Realty index tumbled 3.6 percent, Oil & gas index slipped nearly 4 percent, while Auto, Consumer Durables, Power, PSU, Media, Information Technology indices lost 2-3 percent.
The market capitalization of all listed companies on the BSE shrunk by over ₹1 trillion, slipping to ₹40,409,600.62 crore from ₹41,416,218.49 crore in the previous session, reflecting the broad-based sell-off that gripped the markets.
TOP GAINERS
Bajaj Finance led the gains, rising 1.43 per cent to ₹8,720.85, supported by positive momentum in the financial sector.
HDFC Bank also advanced, gaining 1.30 per cent to ₹1,817.00 amid strong institutional buying.
Nestle India gained 0.79 per cent to close at ₹2,264.95, benefiting from defensive buying in FMCG stocks.
ICICI Bank edged up 0.38 per cent to ₹1,334.05, maintaining its resilience despite broader market weakness.
Asian Paints completed the top five, rising 0.27 per cent to ₹2,355.05, aided by steady demand projections.
TOP LOSERS
Tata Steel emerged as the biggest laggard, plunging 8.59 per cent to ₹140.45 as concerns over global demand and commodity prices weighed heavily.
Tata Motors followed, falling 6.15 per cent to ₹613.85 amid pressure from weaker auto sales projections.
Larsen & Toubro (L&T) declined 4.67 per cent to ₹3,259.20, hit by profit booking and sectoral weakness.
Adani Ports lost 4.38 per cent to ₹1,148.55, as trade concerns impacted port operations.
IndusInd Bank dropped 3.83 per cent to ₹682.25, extending losses amid concerns over asset quality.
EXPERT COMMENT
“The recent implementation of higher-than-anticipated U.S. tariffs has had a significant impact on global markets, triggering a bearish trend as investors assess the broader implications. The likelihood of retaliatory measures against the U.S. has further heightened uncertainty,” said Vinod Nair, Head of Research, Geojit Investments Limited.
(STC)