Snapping their two-day winning run, the Sensex and the Nifty 50 ended in the red on Monday, October 13, amid mixed global cues.
Most Asian markets fell during the session. On the other hand, Dow Jones futures were up about a per cent, while in Europe, France’s CAC 40 and Germany’s DAX were up about half a per cent when the Sensex closed.
The Sensex ended the day at 82,327.05, down 174 points, or 0.21 per cent, while the Nifty 50 settled at 25,227.35, down 58 points, or 0.23 per cent. The BSE Midcap and Smallcap indices slipped 0.18 per cent and 0.43 per cent, respectively.
Indian stock market: 10 key highlights from the day
1. Why did the Sensex, Nifty 50 fall today?
The domestic market slipped as investors booked some profit amid fresh concerns over US tariffs. US President Donald Trump on Friday slapped China with an additional 100 per cent tariff, in addition to the existing 30 per cent duties, effective November 1 or sooner.
Investors also appear cautious amid the ongoing Q2 results season. The September quarter numbers are expected to remain softer, but market participants are closely observing management commentaries to get cues about earnings recovery from Q3 onwards.
“The domestic markets started the week on a cautious note as the ongoing US government shutdown and escalating US-China trade tensions triggered risk-off sentiment across Asia,” Vinod Nair, Head of Research, Geojit Investments Limited, observed.
“Mixed Q2 earnings further weighed on sentiment, with IT stocks underperforming, while financials attracted selective buying following regulatory easing. Although a marginal recovery in the INR and softening inflation expectations helped cushion losses, overall sentiment remained guarded, keeping markets under a slight negative bias,” Nair added.
2. Top gainers in the Nifty 50 index today
Shares of Adani Ports and Special Economic Zone (up 2.10 per cent), Bajaj Auto (up 1.50 per cent), and Bajaj Finance (up 1.48 per cent) ended as the top gainers in the Nifty 50 index.
3. Top losers in the Nifty 50 index
Shares of Tata Motors (down 2.20 per cent), Infosys (down 1.49 per cent), and Wipro (down 1.43 per cent) ended as the top losers in the index.
(This is a developing story. Please check back for fresh updates.)
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