India’s stock market experienced a notable decline on Thursday after initially expanding. The market started strong in the morning, but the situation quickly reversed, leading to an unexpected downturn. The Bombay Stock Exchange’s benchmark index, Sensex, witnessed a significant drop, falling by nearly 10% or 64 points, bringing it down to 66,408 points. This decline reflects the overall sentiment and popularity of the market.
Despite the drop in the benchmark index, midcap and smallcap stocks continued to show resilience. The Nifty Midcap and Nifty Smallcap 100 indices both rose by approximately 0.65% today.
Among the sectors, the Nifty IT, Nifty PSU Bank, Nifty Realty, and Nifty Service indices experienced the most significant declines, falling by 1.67%, 0.09%, 0.18%, and 0.32%, respectively.
On the other hand, the Nifty Bank, Nifty Auto, Nifty FMCG, Nifty Metal, Nifty Media, Nifty Energy, Nifty Commodities, Nifty PSU, and Nifty Oil & Gas indices showed notable gains, increasing by 0.18%, 0.78%, 0.21%, 0.75%, 3.02%, 0.64%, 0.46%, 1.03%, and 1.11%, respectively.
Meanwhile, the India VIX index dropped by about 3.46%.
In yesterday’s market turbulence, the top gainers included MMTC, Linde India, IFCI, Network18 Media & Investments, Mrs. Bectors Food Specialities, Nippon Life India Asset Management, Motilal Oswal Financial Services, Vijaya Diagnostic Centre, PDS, Sayan Metallics & Energy, TV18 Broadcast, and Computer Age Management Services, among others.
