Mumbai, May 15: The Indian stock market ended in the red on the last trading day of the week, driven by weak global market signals, a sharp rise in crude oil prices, and the Indian rupee hitting a new record low against the US dollar. This profit booking halted the domestic market’s two-day upward trend.
At market close, the BSE Sensex fell by 160.73 points, or 0.21%, to settle at 75,237.99. Meanwhile, the Nifty 50 dropped by 46.10 points, or 0.19%, reaching 23,643.50.
During the day, the Sensex opened at 75,497.10 and peaked at 75,870.36, while it dipped to an intra-day low of 75,139.41. The Nifty 50 began at 23,731.40, hitting a high of 23,839.30 and a low of 23,610.30.
In the broader market, the Nifty Midcap Index fell by 0.45%, and the Nifty Smallcap Index decreased by 0.61%.
Sector-wise, the Nifty Metal, Nifty PSU Bank, Nifty Realty, and Nifty Oil & Gas indices experienced the most significant declines, each dropping over 1%. Conversely, the Nifty Media (up 1.98%) and Nifty IT (up 1.30%) sectors saw notable gains. Additionally, Nifty FMCG and Nifty Pharma also performed well, while Nifty Auto showed slight increases.
Among the top gainers in the Nifty 50 Index were TMPV, Dr. Reddy’s Laboratories, Infosys, Coal India, Tech Mahindra, Kotak Bank, Powergrid, Maruti Suzuki India, Bharti Airtel, and Wipro. In contrast, Hindalco, Eternal, Nestlé India, Tata Steel, Reliance, UltraTech Cement, and M&M recorded the most significant declines.
During this period, the total market capitalization of companies listed on the BSE fell from ₹462.9 lakh crore to ₹460.5 lakh crore, resulting in a loss of ₹2.4 lakh crore for investors in just one session.
On the Intercontinental Exchange, Brent crude futures rose by 2.9%, reaching $108.8 per barrel.
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