Mumbai, March 19: Following three consecutive sessions of gains, the Indian stock market closed significantly lower on Thursday. Concerns over rising crude oil prices and substantial losses in global markets, compounded by the U.S. Federal Reserve’s decision to maintain interest rates, led to a decline of over 3% in key domestic benchmarks, Nifty50 and Sensex.
During this period, the BSE Sensex, comprising 30 stocks, fell by 3.26%, or 2,496.89 points, closing at 74,207.24. Meanwhile, the NSE Nifty also dropped by 3.26%, or 775.65 points, ending at 23,002.15.
Intraday trading saw the Sensex open at 74,750.92, plummeting to a low of 73,950.95, a drop of 2,753 points or 3.6%. The Nifty opened at 23,197.75 and fell to a day’s low of 22,930.35, down 847 points or 3.5%.
The broader markets mirrored this trend, with the Nifty Midcap index declining by 3.19% and the Nifty Smallcap index falling by 2.94%.
All sectoral indices traded in the red, with the Nifty Auto index experiencing the most significant drop of 4.25%. Other notable declines included Nifty Realty at 3.81%, Nifty Financial Services at 3.78%, Nifty Private Bank at 3.41%, Nifty IT at 3.31%, Nifty Metal at 3.24%, and Nifty FMCG at 2.53%.
In the Nifty50, all stocks fell except for ONGC, which saw a rise of 1.55%. The largest declines were recorded by Shriram Finance (down 6.71%), Eternal (down 5.38%), and HDFC Bank (down 5.11%). Other significant losses were observed in shares of Bajaj Finance, Mahindra & Mahindra, L&T, TMPV, Indigo, Grasim, Trent, and Bajaj Auto.
This decline in the Sensex resulted in a decrease of approximately ₹12 lakh crore in the total market capitalization of BSE-listed companies, dropping from ₹438 lakh crore to around ₹426 lakh crore.
My name is Himanshu Tiwari. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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