The stock market saw a sharp dip today, with Sensex and Nifty extending losses for the fourth consecutive day. Sensex experienced a significant drop, cracking over 1,800 points, while the Nifty slumped over 550 points. The decline continued through the weekly expiry, causing the Nifty to fall more than 500 points. This marks the biggest intraday fall since August 5, pulling Sensex and Nifty down nearly 4% from their record highs.
All sectoral indices have been trading in the red, dragging down the BSE Midcap and Smallcap indices as well. The volatility index, India VIX, spiked by over 12%, signaling increased market uncertainty. More than 45 Nifty stocks dipped into the red today, marking a significant sell-off across various sectors.
Here is a list of the 21 Nifty 500 stocks that have fallen by more than 5% during today’s trading session:
- HPCL (-6.7%)
- JM Finance (-6.6%)
- Godrej Industries (-6.4%)
- Dabur (-6.3%)
- 360 One Wam (-5.8%)
- GMR Airports (-5.6%)
- Godrej Properties (-5.6%)
- Phoenix Mills (-5.4%)
- Nuvama Wealth (-5.4%)
- PFC (-5.4%)
- DLF (-5.4%)
- NBCC (-5.3%)
- Oil India (-5.3%)
- BPCL (-5.3%)
- JB Chemicals (-5.1%)
- Sterling & Wilson (-5.0%)
- Suzlon (-5.0%)
- Cummins (-5.0%)
- HFCL (-5.0%)
- Alok Industries (-5.0%)
- Kfin Technologies (-5.0%)
The broader market sentiment also remained bearish, with the Nifty 500 index itself slipping by 2.1%. Midcap and smallcap indices faced significant pressure, with declines of up to 2%, showcasing widespread selling across different market segments.
On Thursday, Israel targeted a Russian weapons depot located on Syria’s west coast, according to reports. Israeli military sources stated that the operation’s goal was to prevent the transfer of advanced weapons to Hezbollah, a militant group that has been retaliating against Israel’s ongoing airstrikes. The heightened geopolitical tensions, such as the conflict involving Israel and regional militancy, can contribute to market downturns. Investors tend to be risk-averse during such volatile times, leading to broader sell-offs in the stock markets. Heightened tensions often bring uncertainty, affecting oil prices, commodity markets, and overall investor sentiment, which can drive the markets down further.
Ahmedabad Plane Crash