Indian stock market benchmarks — the Sensex and the Nifty 50 — closed in the red on Friday, June 13, extending losses for the second consecutive session amid heightened tensions between Israel and Iran and lingering uncertainty over US tariffs.
The Sensex ended the day with a loss of 573 points, or 0.70 per cent, at 81,118.60, while the Nifty 50 fell 170 points, or 0.68 per cent, to 24,718.60. The BSE Midcap and Smallcap indices closed 0.32 per cent and 0.30 per cent lower, respectively.
Volatility index India VIX jumped 7.59 per cent to 15.08, indicating elevated nervousness among market participants.
Indian stock market: 10 key highlights from the day
1. Why did the Indian stock market fall?
Israel’s military strike on Iran spooked investors, while foreign capital outflow amid stretched valuations of the domestic market also kept the market down.
A sharp jump in crude oil prices, the rupee’s fall against the US dollar and persisting uncertainty about the US tariffs also contributed to the market downtrend.
“Indian equity benchmarks experienced downward pressure, driven by weak global cues and foreign institutional outflows. Market sentiment was notably impacted by heightened geopolitical tensions following Israel’s military strike on Iran, which significantly increased risk aversion among investors,” said Vinod Nair, Head of Research, Geojit Investments.
2. Top gainers in the Nifty 50 index
Bharat Electronics (BEL) (up 2 per cent), ONGC (up 1.28 per cent) and Tech Mahindra (up 0.83 per cent) ended as the top gainers in the Nifty 50 index.
One stock- Shriram Finance- ended flat.
3. Top losers in the Nifty 50 index
As many as 38 stocks ended in the red in the Nifty 50 pack, with Adani Ports and Special Economic Zone (down 2.27 per cent), ITC (down 1.67 per cent) and SBI (down 1.57 per cent) ending as the top losers.
4. Sectoral indices today
Most sectoral indices ended in the red, with banking and financial sectors losing significantly.
Nifty Bank, Financial Services, PSU Bank and Private Bank indices lost about a per cent each
Nifty FMCG and Metal (down 0.96 per cent) indices also lost by a per cent.
On the other hand, Nifty IT, Realty and Healthcare indices ended flat.
(This is a developing story. Please check back for fresh updates.)
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