The Indian stock market ended its two-day concurrent gains and ended in a volatile session on June 22. Sensex ended at 63,238.89 which was 284.86 points or 0.45 percent lower, while Nifty suffered a fall of 85.50 points or 0.45 percent at 18,771.30.
Despite a crumbling start, Nifty inched closer to a 52-week high at 18,887.60 whereas Sensex breached the scale to set a new 52-week high of 63,601.71 in the early trading sessions. However, there was profit booking witnessed in the second half of the trading session amid selling today across the sectors.
It is being reported that the poor performance in the stock market has resulted in investors losing over Rs 2 lakh crore in a single day. The reason is said to be weak global sentiment as the risk appetite of investors worldwide remained low over the rate hikes which US Federal Reserve chairman Jerome Powell announced yesterday would bring more this year.
Among the top losers today on Nifty included names like Tata Steel, Tata Motors, Bajaj Finance, Tata Consumer Products and Asian paints whereas, the top gainers were Divis Laboratories, L&T, HDFC, HDFC Bank and Bharti Airtel.
Interestingly, all the sectoral indices ended up red today with Public Sector Undertaking (PSU) and Power loosing 1 percent each while Oil & Gas, Metal, Pharma, FMCG and IT suffered a fall of 0.5% each. The Midcap and Smallcap also ended up loosing 1.07 and 0.64 percent each. The overall market capitalization of BSE listed firms from 294.4 lakh crore to 292.3 lakh crore costing investors 2.1 lakh crore in a single day.
