The Indian stock market witnessed significant volatility during today's trading session. After facing pressure in the early hours, the Sensex and Nifty staged a recovery, with the Sensex rising nearly 740 points from its intraday low and over 449 points compared to the previous week's closing. However, just 15 minutes before the market close, concerns related to 'Hormuz' impacted the indices, causing them to erase almost all gains. 03 percent, while the NSE Nifty 50 ended at 24,365, gaining 11 points.
Market Breadth and Rising Volatility
Despite the benchmark indices closing on a flat but positive note, the market breadth remained weak. A total of 1,733 stocks advanced, while 2,471 stocks declined, and 175 stocks remained unchanged. This indicates that underlying selling pressure persisted throughout the session. 01, reflecting increased anxiety among investors.
Sectoral Performance Trends
Sectoral indices showed mixed trends, while 21 percent. 87 percent, providing some support to the benchmarks. Nifty Auto also ended in the green. 70 percent, while Nifty Realty, Metal, and FMCG indices also closed in the red zone.
Top Gainers and Losers
Among individual stocks, Trent led the gainers with a rise of over 3 percent. Other major gainers included JSW Steel, SBI, Asian Paints, NTPC, Grasim, Bajaj Finance, and Tata Consumer Products. Conversely, stocks like Hindalco, Tata Motors Passenger Vehicles, Larsen & Toubro, HDFC Life, and HCL Tech exerted downward pressure on the index. Kotak Mahindra Bank and Wipro also recorded declines during the session.
The following are the 6 reasons why the Sensex and Nifty lost all their gains just 15 minutes before the market closed.