Sensex Nifty Dips: A day after recording a sharp gain in more than four years, domestic stock markets opened lower on Tuesday after the ceasefire agreement between India and Pakistan. The BSE’s 30-share Sensex declined by 788.62 points down at 81,641.28, while the NSE Nifty dropped 209.90 points at 24,714.80.
From the Sensex firms, , Eternal, Power Grid, , ICICI Bank, , and Nestle were among the major laggards. Sun Pharma, Bank, and were the gainers.
On Monday, Benchmark indices rallied around 4 per cent, recording their biggest single-day gains after the ceasefire agreement between India and Pakistan and the fresh trade deal between US and China to significantly lower tariffs.
The BSE’s 30-share Sensex surged 3.74 per cent, or 2,975.43 points, to settle at 82,429.9. The NSE’s rose 3.82 per cent, or 916.7 points, to close at 24,924.7. This was the largest single-day gain for both the indices since February 1, 2021.
The market capitalisation, or the total value of all listed shares, of BSE-listed companies increased by Rs 16.15 lakh crore to Rs 432.56 lakh crore.
All major sectors on Monday contributed to the rally, with IT, realty, and metals leading the gains. Nifty IT gained nearly 7 per cent and Nifty Metal rose 5.86 per cent. The broader markets witnessed heavy buying, with each advancing nearly 4 per cent. The NSE companies that gained the most included (7.73 per cent), Infosys Ltd (7.69 per cent), Shriram Finance (7.16 per cent), Ltd (6.79 per cent) and Ltd (5.99 per cent).
