Mumbai, May 8: The Indian stock market closed in the red on Friday, marking the second consecutive trading session of decline. This downturn was influenced by escalating tensions between the United States and Iran, alongside negative global signals.
The BSE Sensex, which comprises 30 stocks, fell by 516.33 points, or 0.66%, ending at 77,328.19. Meanwhile, the NSE Nifty50 dropped by 150.50 points, or 0.62%, closing at 24,176.15.
During the trading day, the Sensex opened at 77,631.94 and reached a low of 77,146.43. The Nifty opened at 24,233.65 and hit an intra-day low of 24,126.65.
In broader markets, trading was mixed. The Nifty Midcap 100 index saw a decline of 0.15%, while the Nifty Smallcap 100 index recorded a gain of 0.22%.
Sector-wise, the Nifty IT sector experienced the highest increase of 1.21%. Additionally, the Nifty FMCG, Nifty Media, Nifty Healthcare, and Nifty Consumer Durables also closed higher. In contrast, the Nifty PSU Bank fell by 3.06%, Nifty Financial Services by 1.52%, Nifty Metal by 0.87%, Nifty Private Bank by 0.82%, Nifty Oil and Gas by 0.94%, and Nifty Auto by 0.29%.
Among the Nifty 50 stocks, Titan, Apollo Hospital, Asian Paints, Tata Consumer, Adani Ports, Infosys, and HCL Tech saw gains ranging from 4.8% to 1.3%, making them the top gainers. Conversely, State Bank of India shares plummeted by 6.7%, with Coal India, HDFC Bank, Bajaj Finance, Axis Bank, ONGC, and UltraTech Cement also trading lower.
On Friday, the total market capitalization of companies listed on the BSE fell to ₹473 lakh crore, down from ₹475 lakh crore in the previous session. This decline resulted in a loss of approximately ₹2 lakh crore for investors in just one day.
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