Stock Market Update : Sensex falls 509 points to close at 37406, nifty closes at 11286

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Replicating the yesterday’s trend, Dalal street indices ended in red, losing over 1% on the second consecutive day. BSE Sensex broke by 509.04 points or 1.36% to close at 37406.38, while the Nifty fell 152.10 points or 1.33% to close at 11286.00. The stock market crashed on Monday indicating its worst closing since August 2nd. The key factors responsible for the turmoil in the market ranged from falling rupee to escalating global trade war.

On Tuesday, BSE MidCap and SmallCap indices went down 1.36% and 1.37% respectively. The sectoral indices were in red as consumer durables, FMCG and telecom fell over 2% while basic materials, auto and healthcare, realty declined over 1.5%.

Among the top BSE gainers, were Coal India (+0.95%), NTPC (+0.36%), Infosys (+0.31%), M&M (+0.26%), and Asian paints (+0.26%) whereas Tata Steel (-3.46%), and ITC (-2.92%), Power Grid Corp (-3.21%), Tata Motors, Hero MotorCorp (-3.26%) were in red.

In NSE Coal India (+1.25%), NTPC (+0.62%), Infosys (+0.47%), M&M(+0.62%),and Asian paints (+0.37%) were in green. In contrast, Titan (-4.29%), Tata Steel (-3.51%), Power Grid Corp (-3.14%), ITC (-3.05%) and Tata Motors (-3.05%) were notable names in red.

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