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- Stock market crashes today: Sensex tumbles over 1,312 points, Nifty dips 360.30 points to 23,815.85 amid heavy selling in realty and consumer stocks
Stock market crashes today: Sensex tumbles over 1,312 points, Nifty dips 360.30 points to 23,815.85 amid heavy selling in realty and consumer stocks
Meanwhile, financial heavyweights such as HDFC Bank and ICICI Bank, along with Reliance Industries and Bajaj Finance, provided some support by adding significant value. Analysts expect markets to remain highly sensitive to US–Iran developments, inflation data, foreign investor activity, and upcoming corporate earnings, all of which are likely to determine near-term direction and volatility across sectors.
Track TOI’s live coverage on the Nifty50, BSE Sensex, crude oil prices, earnings, top gainers, and losers:
Oil prices rose on Monday, a day after President Donald Trump said Iran's response to a US peace proposal was "unacceptable", raising supply fears as the Strait of Hormuz stayed largely closed.
Brent crude futures were up $1.83, or 1.8%, at $103.12 a barrel at 1315 GMT. U.S. West Texas Intermediate was at $96.97 a barrel, up $1.55, or 1.6%. Earlier in the session, the contracts reached highs of $105.99 and $100.37, respectively.
Last week, both benchmarks recorded 6% weekly losses on hopes for an imminent end to the 10-week-old conflict that would allow oil transit through the Strait of Hormuz.
Top gainers and losers on BSE
Top gainers
Sun Pharma (+1.40%)
TCS (+0.72%)
Infosys (+0.38%)
ICICI Bank (+0.37%)
Tech Mahindra (+0.33%)
Axis Bank (+0.29%)
Kotak Bank (+0.25%)
HCL Tech (+0.05%)
Top 10 losers
Titan (-6.41%)
IndiGo (-5.32%)
SBI (-4.17%)
Bharti Airtel (-4.02%)
Eternal (-3.65%)
M&M (-2.15%)
Reliance (-1.97%)
NTPC (-1.52%)
Trent (-1.44%)
HDFC Bank (-1.37%)
The remarks triggered a strong market reaction across listed jewellery companies. Senco Gold Limited plunged 8.98% to Rs 332.60, while Titan Company Limited fell 5.34 % to Rs 4,268.10. Kalyan Jewellers India Limited dropped 7.43% to Rs 393.00, and PC Jeweller Limited slipped 3.89% to Rs 9.13.
The combined market capitalisation of four of the top-10 most valued companies declined by nearly Rs 1 lakh crore last week, with State Bank of India bearing the steepest loss, amid a largely range-bound trend in equities.
However, despite the pressure, benchmark indices ended higher. The BSE Sensex gained 414.69 points or 0.53%, while the NSE Nifty rose 178.6 points or 0.74%.
“Indian equity markets saw a volatile and range-bound week, with sentiment staying cautious despite brief recovery attempts. Early optimism from expectations of easing Middle East tensions and softer oil prices faded as US–Iran tensions resurfaced,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm.
Foreign investors have continued to trim their exposure to Indian equities, pulling out Rs 14,231 crore so far this month amid ongoing global macroeconomic uncertainty. Market experts said the outlook remains largely event-driven, with geopolitical tensions, crude oil movements and rupee volatility expected to steer sentiment in the near term.
“Looking ahead, the market’s focus will continue to remain on geopolitical tensions, crude oil prices and rupee movement. Alongside these factors, FII flows are likely to play a crucial role in determining the direction of large-cap stocks. We are also entering the final phase of the Q4 earnings season, which is expected to drive stock- and sector-specific action,” Santosh Meena, Head of Research at Swastika Investmart Ltd told PTI
Siddhartha Khemka, Head of Research – Wealth Management at Motilal Oswal Financial Services Ltd, said that Indian equities are likely to stay highly sensitive to geopolitical developments in the near term, with markets expected to move within a broader range. He noted that investors will closely watch India’s April CPI inflation data for cues on the Reserve Bank of India’s interest rate trajectory. In global markets, US April CPI and PPI readings will also be key, as they could influence Federal Reserve rate-cut expectations, bond yields and overall risk sentiment.
Meanwhile, last week, benchmark indices ended higher, with the BSE Sensex rising 414.69 points or 0.53%, and the NSE Nifty gaining 178.6 points or 0.74%.
“Indian equity markets saw a volatile and range-bound week, with sentiment staying cautious despite brief recovery attempts. Early optimism from expectations of easing Middle East tensions and softer oil prices faded as US–Iran tensions flared up again,” said Ponmudi R of Enrich Money.
Markets are expected to trade with caution this week as geopolitical tensions around the US–Iran situation and movements in crude oil prices continue to drive investor sentiment, analysts said. Traders will also keep a close watch on the rupee-dollar exchange rate and foreign fund flows, which are likely to add to market volatility, they added.
“Markets are set to remain highly volatile this week, with geopolitical headlines around the US–Iran situation guiding direction,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm.
He noted that Brent crude remains a key trigger for global markets. “A fall in crude below the $90 level or any progress towards de-escalation could support recovery in risk assets. On the other hand, sustained tensions or escalation may keep volatility elevated and weigh on sentiment,” he added.
Amid this range-bound trend, the combined market valuation of four top-10 firms eroded by nearly Rs 1 lakh crore, led by a sharp fall in State Bank of India. In contrast, select heavyweights such as Reliance Industries, HDFC Bank, ICICI Bank, and Bajaj Finance saw gains, adding over Rs 46,000 crore in value.
Foreign investor outflows, inflation data, Q4 earnings, and rupee movement are expected to remain key market drivers this week.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)
