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Equity benchmark indices Sensex and Nifty closed lower on Tuesday after heavy late-session selling in heavyweight stocks like HDFC Bank and Reliance Industries erased early gains, while concerns about the rupee hitting a new record low weighed on investor sentiment.Rising crude oil prices amid geopolitical uncertainty also kept markets under pressure, although strong buying in IT stocks helped limit losses, according to traders.The BSE Sensex, which was trading in the positive territory during most of the session, fell sharply in the last stretch and settled lower by 114.19 points, or 0.15 per cent, at 75,200.85.During the session, the index rose as much as 431.23 points, or 0.57 percent, to 75,746.27 after US President Donald Trump said he had temporarily halted new military strikes on Iran based on requests from Qatar, Saudi Arabia and the United Arab Emirates, while noting ongoing discussions with Tehran.The NSE Nifty also closed lower by 31.95 points, or 0.14 per cent, at 23,618.Here are today’s biggest gainers and losers
BSE Sensex top gainers
- Infosys (4.77%)
- HCL Tech (2.87%)
- Tech Mahindra (2.60%)
- Eternal (2.41%)
- TCS (1.93%)
- SBI (1.01%)
- Trent (0.93%)
- Quality Wall (0.91%)
- Electricity Network (0.70%)
- NTPC (0.29%)
BSE Sensex Biggest Losers
- Kotak Mahindra Bank (-2.52%)
- UltraTech Cement (-1.67%)
- Titan Company (-1.63%)
- Adani Ports Special Economic Zone (-1.40%)
- Bharti Airtel (-1.27%)
- Sun Pharma (-1.24%)
- Interglobe (-1.07%)
- SAR (-0.99%)
- Hall (-0.95%)
- Bell (-0.86%)
Classy 50’s Top winners
- Infosys (4.77%)
- HCL Tech (2.87%)
- Tech Mahindra (2.60%)
- Eternal (2.41%)
- Tata Motors BV (2.28%)
- TCS (1.93%)
- Wipro (1.57%)
- Adani Enterprises (1.31%)
- SBI Live (1.13%)
- SBI (1.01%)
Neat 50 Big Losers
- Kotak Mahindra Bank (-2.52%)
- UltraTech Cement (-1.67%)
- Tata Consumer (-1.64%)
- Titan Company (-1.63%)
- Adani Ports Special Economic Zone (-1.40%)
- Bharti Airtel (-1.27%)
- Sun Pharma (-1.24%)
- Cipla (-1.15%)
- Indian Coal (-1.12%)
- Interglobe (-1.07%)
Local stock indices pared early gains to close in the red, despite an initial rally fueled by optimism surrounding the temporary cessation of US military operations against Iran.“IT stocks stood as a notable exception, registering a strong advance on the back of expected tailwinds from accelerating rupee depreciation and compelling valuations,” said Vinod Nair, Head of Research, Geojit Investments Limited.
“Despite a strong rally in IT stocks and supportive global signals during the first half, benchmark indices failed to sustain higher levels as rising currency concerns, rising crude oil prices and strong unwinding of financial derivatives dragged the market lower to the close,” said Hariprasad K, Research Analyst and Founder, Livelong Wealth.Broader markets outperformed major indices. The BSE SmallCap Select index rose 1.39 per cent, while the MidCap Select index rose 0.93 per cent.Among sector indices, IT-focused jumped 3.25 percent, followed by IT-focused 3.22 percent, real estate 1.35 percent, utilities 0.67 percent, and consumer discretionary services 0.60 percent.Banking and telecommunications stocks remained under pressure, with the Bahrain Stock Exchange index of the 10 largest banks falling by 0.55 percent and the private banks index falling by 0.54 percent.Meanwhile, the rupee fell to a record low of 96.60 against the US dollar before stabilizing at 96.52 temporarily.The price of Brent crude, the global benchmark, fell by 1.80 percent to $110 per barrel.Foreign institutional investors (FIIs) bought shares worth Rs 2,813.69 crore on Monday, according to stock exchange data.Adani Group shares ended mostly higher after the US Department of Justice dropped criminal charges against Gautam Adani and Sagar Adani, bringing a high-profile securities and wire fraud case to a close in New York.Asian markets finished mixed, with South Korea’s Kospi and Japan’s Nikkei lower, while the SSE Composite in Shanghai and Hong Kong’s Hang Seng ended higher. European markets were trading in positive territory.
