Stock Market Today Huge Fall: BSE Sensex Closes Over 1,200 Points Lower; Nifty 50 Nears 23,050
The BSE Sensex closed at 75,838.36, down 1,235 points or 1.60%. The Nifty 50 closed at 23,045.30, down 299 points or 1.28%.
Stock Market Today Huge Fall: BSE Sensex and Nifty 50, the Indian equity benchmark indices, fell in trade on Tuesday. The BSE Sensex fell over 1,300 points, while the Nifty 50 briefly dropped below 23,000. The BSE Sensex closed at 75,838.36, down 1,235 points or 1.60%. The Nifty 50 closed at 23,045.30, down 299 points or 1.28%.
Key index components including Reliance Industries, ICICI Bank and Zomato registered massive losses. The slowdown worsened after US President Donald Trump announced trade tariffs on neighboring countries after assuming office, which adversely affected investor confidence.
Meanwhile, as many as 103 stocks hit their 52-week highs today. On the other hand, 67 shares fell to their 52-week lows. However, market breadth was negative. Out of 4088 stocks traded, 1187 stocks closed in the green on BSE. Around 2,788 stocks ended in the red while 113 stocks remained unchanged.
Around 6 stocks hit their lower circuits. On the other hand, 8 shares hit their upper circuit limits, amid negative sentiment in the equity market.
Important Note: CMI Times provides stock market news for informational purposes only and should not be construed as investment advice. Readers are advised to seek guidance with a qualified financial advisor before making any investment decisions.
Also Read: IIT Madras Director Lauds Gaumutra for Medicinal Value
