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Equity benchmark indices Sensex and Nifty ended the final trading session of the 2025-2026 financial year sharply lower on Monday, as the ongoing war in West Asia and rising crude oil prices kept investor sentiment under pressure.Weak signals from Asian markets and continued foreign fund outflows dragged domestic stocks further.Extending losses for the second straight session, the 30-share BSE Sensex fell 1,635.67 points or 2.22 per cent to settle at 71,947.55. During the day, it fell 1,809.09 points, or 2.45 percent, to 71,774.13 points.Here are today’s biggest gainers and losers:
Elegant50 Top winners:
- Hindalco (2.05%)
- Indian Coal (1.22%)
- ONGC (0.96%)
- Electricity Network (0.21%)
Nifty50 biggest losers:
- Bajaj Finance (-5.01%)
- Quality Wall (-4.79%)
- SBI (-3.94%)
- Interglobe Aviation (-3.81%)
- Bajaj Finserv (-3.72%)
- Axis Bank (-3.65%)
- Jio Financial Services (-3.64%)
- Adani Enterprises (-3.53%)
- Shiram Finance (-3.51%)
- Kotak Bank (-3.49%)
BSE Sensex Top Gainers:
Biggest losers in BSE Sensex:
- Bajaj Finance (-5.01%)
- Quality Wall (-4.79%)
- SBI (-3.94%)
- Interglobe Aviation (-3.81%)
- Bajaj Finserv (-3.72%)
- Axis Bank (-3.65%)
- Kotak Bank (-3.49%)
- Bharti Airtel (-3.34%)
- HDFC Bank (-3.26%)
- Trent (-3.06%)
The broader market also reflected sharp selling, with 3,563 shares falling, 876 shares rising, and 154 shares remaining unchanged on the Bahrain Stock Exchange.The 50-share NSE Nifty fell 488.20 points or 2.14 per cent to close at 22,331.40.“The contraction was primarily driven by escalating geopolitical tensions in the Middle East, which dashed hopes of de-escalation and pushed crude oil prices higher, raising concerns about inflation and the overall stability of oil-importing economies like India.“Weak global cues, including declines in Asian and US markets, coupled with continued institutional outflows and a weaker rupee, further weighed on sentiment,” said Ajit Mishra, senior vice president of research at Religare Broking Ltd.
Brent crude, the global oil benchmark, jumped 2.18 percent to $115.1 per barrel. In the last two trading sessions, the Sensex fell by 3,325.9 points or 4.41 per cent, while the Nifty fell by 975.05 points or 4.18 per cent.For the entire financial year 2025-26, the Sensex fell by 5,467.37 points or 7 per cent, and the Nifty fell by 1,187.95 points or 5 per cent.Broader markets were also under pressure, with the BSE MidCap Select index falling 3.13 per cent and the SmallCap Select index falling 2.14 per cent.All sectoral indices ended in the red, with prices of automobiles, consumer goods, consumer durables, capital goods, real estate, private banks and PSU banks falling between 2 per cent and 4 per cent.The BSE PSU Bank Index fell by 4.60 per cent, followed by MidSmall Private Banks Quality Tilt (3.96 per cent), Bankex (3.80 per cent), Financial Services (3.46 per cent), Private Banks (3.43 per cent), BSE Top 10 Banks (3.40 per cent), Telecom (3.09 per cent) and Real Estate (3.03 per cent).“Banking stocks were among the major laggards following the Reserve Bank of India’s new restrictions on banks’ foreign exchange positions aimed at stabilizing the rupee, which led to sharp declines in major public and private sector lenders.“While valuations now look more positive after the recent correction, the trajectory of earnings revisions remains the key determinant of market direction. Continued volatility in oil prices and a weaker rupee may put pressure on input costs, increasing the risk of lower earnings in the near term,” said Vinod Nair, Head of Research, Geojit Investments Limited.Meanwhile, the rupee rose by 7 paise in a choppy session to close at 94.78 (provisionally) against the US dollar, after hitting an all-time low during the day at 95.22.In Asian markets, South Korea’s Kospi and Japan’s Nikkei 225 fell nearly 3 percent, while Hong Kong’s Hang Seng also ended lower. The Shanghai SSE Composite Index closed in positive territory.Markets in Europe were trading slightly higher, while US markets ended sharply lower on Friday, with the Nasdaq Composite falling 2.15 percent, the Dow Jones Industrial Average losing 1.73 percent, and the S&P 500 falling 1.67 percent.“Indian stocks continued their decline, with benchmark indices down more than 2 per cent, underscoring deepening selling sentiment driven by continued global uncertainty and rising crude oil prices,” said Hariprasad K, Research Analyst and Founder, Livelong Wealth.Foreign institutional investors (FIIs) offloaded shares worth Rs 4,367.30 crore on Friday, while domestic institutional investors (DIIs) bought shares worth Rs 3,566.15 crore, according to stock exchange data.Foreign investors pulled 1.14 lakh crore rupees (about $12.3 billion) out of local stocks in March, marking the worst monthly outflow, amid escalating tensions in West Asia, a weak rupee and concerns about rising crude oil prices.
