Stock Markets Today: On the weekend Friday, July 19, the Indian stock market experienced a significant decline, as benchmark indices fell sharply from their recent record highs. The Sensex dropped by 739 points to close at 80,604, while the Nifty slid by 270 points, ending at 24,530. Earlier in the day, both indices had reached all-time highs, with the Sensex peaking at 81,587 and the Nifty at 24,854.
The decline was attributed to widespread profit-booking and a global market correction. The BSE midcap and smallcap indices also suffered losses, slipping by 1,091.87 points and 1,194.12 points, respectively.
Market Cap and Sector Performance
The total market capitalization of BSE-listed companies fell by Rs 7.94 lakh crore, dropping to Rs 446.38 lakh crore from Rs 454.32 lakh crore the previous day.
In terms of sector performance, Infosys, ITC, Asian Paints, and HCL Technologies were among the few Sensex gainers, with Infosys seeing a 1.92% rise to Rs 1,792.85. This increase followed a report of a 7.1% year-on-year rise in Infosys' net profit for the June quarter, reaching Rs 6,368 crore compared to Rs 5,945 crore in the same period last year.
Conversely, shares of Tata Steel, JSW Steel, NTPC, Tata Motors, UltraTech Cement, and Tech Mahindra led the Sensex losers, with declines reaching up to 5.17%.
The BSE auto, capital goods, consumer durables, and metal indices fell sharply, losing 1,469 points, 1,346 points, 1,166 points, and 1,350 points, respectively. Overall, all 19 BSE sectoral indices closed in the red.
Market Breadth
The market breadth was negative, with 906 stocks advancing while 3,014 stocks declined. Additionally, 90 shares remained unchanged.
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