Raymond Limited shares rose by 20% on BSE, reaching a new high of 1024 rupees

The Indian stock market is witnessing a substantial decline. The Nifty index fell by 230 points, which is 1 percent, and is trading at the level of 23,255. Meanwhile, the BSE Sensex decreased by 0.87 percent or 637 points, reaching the mark of 74,265.32. Pressure is felt across all indices, with a notable sell-off in the metallurgical sector.

Of the top 30 BSE stocks, only 8 show a slight increase, while the remaining 22 stocks are experiencing a sharp decline. Shares of companies such as Bajaj Finance, Mahindra & Mahindra, and Tata Steel have lost over 2 percent of their value. The fall has also affected large-cap stocks, including L&T, HDFC Bank, and Reliance.

Due to strong pressure on the stock market, investors have incurred significant losses. The market capitalization of BSE dropped from 483 billion rupees to 500 billion rupees to 478 billion rupees. Furthermore, today, a lower price limit was set for 120 stocks on BSE, while 70 stocks traded at the upper limit. Out of 3,365 stocks, 117 are at their lowest level in 52 weeks, and 68 are at their highest.

Strong pressure is observed in several specific stocks. Hindustan Copper is trading at 508 rupees per share, down by 4 percent. Hindustan Zinc shares also showed a drop of 4 percent. Lodha Developers shares declined by 5 percent. Cochin Shipyard fell by 6 percent, and Godrej Properties and NACL shares also lost 6 percent. Dixon Tech shares decreased by more than 3 percent, while Muthoot Finance shares demonstrated a drop of about 4 percent.

The stock market is once again experiencing a significant decline. On Tuesday, both the Sensex and Nifty indices saw a sharp drop immediately after trading began. The Sensex index, comprising 30 shares from the Bombay Stock Exchange (BSE), started poorly and quickly lost over 400 points. Simultaneously, the Nifty-50 index of the National Stock Exchange (NSE) followed suit, falling by approximately 100 points.

Among the 30 major companies in the BSE Largecap segment, 26 showed a decrease in quotations. Analysts have established a direct link between the stock market decline and the tensions in the Middle East.

At the start of trading, the BSE Sensex opened at 75,970, which was lower than the previous day's closing figure of 76,132. It soon continued to fall, losing 418 points to reach 75,714. Similarly, the NSE Nifty index also showed a decline at the open. This index of 50 stocks started at 23,743 compared to the previous close of 23,779, and then the rate of decline accelerated. By the time of writing, Nifty was trading at 23,668.

Among the stocks that fell the hardest amid the general market downturn, the following can be highlighted: in the BSE Largecap category were M&M Share (down 1.40%), Bharti Airtel Share (down 1.10%), and ICICI Bank-Axis Bank, which decreased by about 1%. In the Midcap segment, the largest drop was recorded by Voltas Share (2.50%) and TI India Share (1.50%), while Godrej Properties Share (1%) also saw a decline. Among Smallcap stocks, the most noticeable drops were seen in Amber Share (1.60%), Cyient Share (1.45%), and Angel One Share (1.40%).

The main reason cited for the stock market decline on Tuesday was the tensions in the Middle East, statements from Iran and Donald Trump, as well as the subsequent rise in crude oil prices in international markets. Iran increased gas prices for its consumers, while heightened tensions in West Asia have caused the price of Brent Crude to exceed the $97 mark, increasing inflation risk. The price of WTI Crude also exceeded $93, and the cost of Murban Crude trades around $107 per barrel.

The Indian stock market is experiencing a period of impressive growth. On Friday, after opening, the Sensex demonstrated a sharp rise of 594 points, reaching a daily high of 76,746.80. Similar growth was observed in Nifty, which opened in the green zone and reached the mark of 23,949.85, showing an increase of 76.4 points.

Out of the top 30 BSE stocks, only three showed a decline, while the remaining 27 grew. The largest growth was recorded among Tata Trent shares, which rose by 2.41%. This was followed by a 2% increase in Reliance shares. Additionally, Indigo, BEL, and Bajaj shares were also trading in the plus.

Meanwhile, the market capitalization of BSE increased by approximately 200 billion rupees, reaching 489.06 trillion rupees. In total, 2,205 stocks were trading higher, while 1,246 were in the red. 130 stocks reached a fifty-two-week high, and 59 traded at a fifty-two-week low. 103 stocks hit the lower price limit, and 112 hit the upper limit.

Some stocks showed significant growth: Puravankara shares rose by 10%, reaching 232 rupees per share. HBL Engineering shares increased by 8%, trading at a price of 714 rupees. Tejas Network shares rose by 8%, reaching 613 rupees. ICFI shares showed a growth of 5%, and Angel One shares also increased by 5%. Physicswala shares demonstrated a growth of 4%.