Lagatar24 Desk
Mumbai: The Indian stock market opened with a sharp decline on the second trading day of the week, with both Sensex and Nifty witnessing a significant drop. At the opening bell, Sensex fell by 356.65 points, reaching 7,758.52, while Nifty slipped 96.75 points to 22,363.55.
The biggest shock came from IndusInd Bank, whose shares crashed by 15% right after the market opened, making it the biggest loser of the day.
Market Overview
Among the 30 Sensex-listed companies, only 10 stocks were in the green zone, while 20 stocks traded in the red. Sun Pharma emerged as the top gainer, witnessing a 1.99% increase, whereas IndusInd Bank saw the biggest decline at 15%.
Top Gainers and Losers
Top Gainers:
1. Sun Pharma
2. ICICI Bank
3. Nestlé India
4. Bharti Airtel
5. HUL (Hindustan Unilever Limited)
Top Losers:
1. IndusInd Bank
2. Infosys
3. Mahindra & Mahindra
4. Zomato
5. Tech Mahindra
Sector-Wise Performance
• Stocks in Green Zone:
• ITC, NTPC, Titan, Asian Paints, and Maruti Suzuki were among the few stocks that managed to stay positive despite market turmoil.
• Stocks in Red Zone:
• Bajaj Finserv, UltraTech Cement, Tata Steel, Axis Bank, HDFC Bank, TCS, Power Grid, Kotak Mahindra, Bajaj Finance, Tata Motors, HCL Tech, Larsen & Toubro, Reliance, and SBI witnessed a downtrend.
Market Sentiment at Opening
• 617 companies opened with gains, indicating positive sentiment in certain sectors.
• However, 1,715 companies started in the red, reflecting a broader market decline.
• 105 companies saw no change in their stock prices.
