Stock Market Wrap: Sensex and Nifty Close Lower Amid Broad-Based Selling

The characteristics of the stock market crash are as follows: The Sensex is down 548 points, the Nifty is at 23,382, and the mid-smallcap indices are down 2%.

Benchmark indices ended Monday’s trading session in the pink, as considerable selling throughout sectors dragged the markets decrease.

The BSE Sensex declined with the aid of 548.39 factors (0.70%), closing at 77,311.80. During the day, the index oscillated between a high of 77,849.58 and a low of 7,106.89. Similarly, the NSE Nifty50 fell with the aid of 178.35 factors (0.76%), settling at 23,381.60 after hitting an intraday excessive of 23,568.60 and a low of 23,316.30.

Key Movers and Shakers
Top Losers:
Among the 39 Nifty50 shares that ended within the red, Trent, Tata Steel, Power Grid Corp, Titan, and ONGC were the pinnacle laggards, with losses extending up to 4.48%.

Top Gainers:
On the other hand, Kotak Mahindra Bank, Bharti Airtel, Britannia, Tata Consumer Products, and HCL Tech emerged as gainers, with profits of up to at least one.74%.

Broader Market and Sectoral Performance
Broader Indices:
The selling stress wasn’t restricted to blue-chip shares, as the Nifty Smallcap100 and Nifty Midcap100 indices additionally plunged through 2.12% and a pair of.11%, respectively.

Sectoral Indices:
All NSE sectoral indices ended within the crimson, with Nifty Metal, Realty, Healthcare, Consumer Durables, and Media taking the most important hit, declining via over 2% each.

Volatility Index:
The India VIX, which measures marketplace volatility, spiked via 5.55%, last at 14.45, indicating heightened investor warning.

Disclaimer:
This article is for informational purposes only and should now not be considered monetary advice. Investing in equities involves dangers, which include capability loss of essential. Market traits and past performance do now not assure future effects. Readers are advocated to consult monetary experts or behavior their very own studies before making investment choices.