Today, benchmark domestic equity indices fell by about 1%. The Nifty dropped 208 points toclose at 23,843, while the Sensex dropped 703 points to conclude at 76,848. Earlier, USPresident Donald Trump’s announcement of a military blockade of the Strait of Hormuzcaused markets to open about 2% lower amid weak global cues. But as the session went on,value-buying helped both indices recover from the day’s lows and minimize their losses.
Twenty-seven of the thirty businesses in the Sensex pack had their shares close to negative.Maruti fell more than 4.6%, Bajaj Finance and Indigo dropped 2.8%, and Reliance fell morethan 2.6% as the top underperformers. Axis Bank increased by nearly 0.2%, NTPC increasedby more than 1.5%, and ICICI Bank increased by nearly 2.2%
.Twenty-two of the twenty-five sectors in the BSE’s sectoral indices recorded losses. Autodeclined 2.1%, Energy and Services down more than 1.3%, and Oil and Gas slid more than1.2% among the leading laggards. Utilities increased by over 1.4%, Power increased by 0.9%,and
Telecommunications increased by nearly 0.4% among the top performers.
With 2,573 companies’ shares falling, 1,790 rising, and 201 remaining constant, the BSE’soverall market breadth was negative.
