Sensex falls 248 pts, slips below 66,000 on escalating Middle East tensions
Nifty 50 constituents, however, rescued the benchmarks from day's lows.
The NSE Nifty 50 index settled 0.24% lower at 19,624, and the S&P BSE Sensex fell 0.38% to 65,629.
From the Sensex pack, Wipro, Sun Pharma, Tech Mahindra, and NTPC closed in the red, while Nestle, UltraTech Cement, IndusInd Bank, and L&T closed in the green.
Sector-wise, Nifty Metal declined 0.88%, and Nifty Financial Services fell 0.4%. Whereas auto, FMCG, media, and consumer durables closed higher.
In the broader market, Nifty Midcap100 fell 0.09%, while Smallcap100 gained 0.15%.
Meanwhile, the market capitalisation of all listed companies on BSE declined by Rs 50,738 crore to Rs 320.90 lakh crore. The market breadth was skewed in the favour of the bulls.
About 1,862 stocks gained, 1,830 declined, and 140 remained unchanged on the BSE.
Expert Take
“Amid increasing global political strain, US treasury yield, and underwhelming IT earnings, the domestic market continued to trade with a minor cut. However, some optimism was evident in the equity market given global efforts to stabilize the West Asia conflict, which de-escalated crude prices trend," said Vinod Nair, Head of Research at Geojit Financial Services.
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