On Thursday, Dalal Street closed the day in negative territory with the Nifty 50 opening at 23,197.75, reaching a high of 23,378.70, and closing at 23,002.15, down 3.26%. Similarly, the BSE Sensex opened at 74,750.92, reached a high of 75,354.18, and ended at 74,207.24, down by 3.26%.The Indian share market traded in the red amid a huge selloff across various sectors and negative cues from global markets, heightened geopolitical tensions, and a hawkish stance from the Fed.Reasons for the negative sentimentThe following are the reasons for the negative sentiment in the stock market:A rise in crude oil prices created inflationary pressures on the Indian markets. Foreign investors continued to exit the markets.The Fed maintained interest rates but signalled a hawkish stance.Major Indices Today IndicesLTPPrev closeChangeNifty 5023,002.1523,777.80-3.26%BSE Sensex74,207.2476,704.13-3.26%Next 5063,573.8065,668.50-3.19%Bank Nifty53,451.0055,326.05-3.39%Fin Nifty24,951.8025,927.35-3.76% The major indices, Nifty 50 and Sensex, traded lower, dragged down by losses in Banking, Automobile, and IT stocks.Nifty Next 50 traded lower with all the stocks trading red.Nifty Bank traded in red amid rising crude oil prices, which created inflationary pressures, and was dragged down by the heavy losses in HDFC Bank shares.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT28,579.6029,559.30-3.31%Nifty Auto24,509.9025,598.85-4.25%Nifty FMCG46,861.9548,079.00-2.53%Nifty Pharma22,101.6522,632.60-2.35%Nifty Healthcare14,116.8514,469.80-2.44%Nifty Oil & Gas10,974.6511,196.90-1.98% Nifty IT traded in red amid a broad-market crash driven by escalating Middle East tensions.Nifty Auto traded lower amid rising crude oil prices, hawkish commentary from the US Federal Reserve, and rising tensions over the U.S.-Iran conflict.Nifty FMCG and Nifty Pharma traded lower amid broader market sentiment.Nifty Oil and Gas traded lower on concerns of supply disruption amid escalating geopolitical tensions.Market Movers Today LNG shares, such as Petronet LNG and GAIL (India), dropped by 4% after Qatar reported damage following an Iranian missile strike at Ras Laffan, the world’s largest liquefied natural gas (LNG) facility.BPCL shares dropped by 4% after oil prices rose, as Iran attacked energy facilities across the Middle East following a strike on the South Pars gas field, a major escalation in the war with the United States and Israel.ICICI Prudential Life Insurance Company dropped by 4% after a report that the UK's Prudential Corp is looking to exit from the company.Household Appliance shares, such as Butterfly Gandhimathi Appliances, backed by Crompton, rose by 13.64%; TTK Prestige by 5.3%; and Stove Kraft by 6.65%, due to rising demand for induction cooktops and electric kettles amid escalating tensions in West Asia. Top Gainers Company NameLTPPrev CloseChangeJaiprakash Power Ventures16.7515.0011.67%Adani Total Gas556.15515.657.85%ACME Solar Holdings262.03248.695.36%ITI274.55264.403.84%Oil India477.05470.451.40% Top Losers Company NameLTPPrev CloseChangeHindustan Petroleum324.80349.35-7.03%Petronet LNG270.85291.60-7.12%Shriram Finance949.801,021.60-7.03%NBCC83.1488.44-5.99%Eternal228.74242.54-5.69% 52W High Stocks Company NameLTP52W highChangeAtlanta Electricals1,072.001,116.90-0.47%Jindal Poly Films1,007.601,026.450.02%DCM Shriram International92.92105.27-7.45%Tirupati Forge49.4152.0012.14%Wheels990.501,002.001.77% 52W Low Stocks Company NameLTP52W lowChangeTata Consultancy Services2,356.002,350.20-3.47%Bajaj Finance832.20826.70-5.44%Hindustan Unilever2,077.302,070.10-2.72%ITC298.00297.10-1.99%Kotak Bank368.15363.35-1.03% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea8.949.44-5.30%Yes Bank18.3918.94-2.90%Suzlon Energy41.0942.06-2.31%IDFC First Bank62.6165.26-4.06%HDFC Bank798.20843.05-5.32% IPOsListed todayRajputana Stainless shares are listed today with a premium of 1.6% at ₹123.95 and on NSE at par. The price band set for the IPO was at ₹116 to ₹122 per share.Market AnnouncementsHindustan Zinc shares fell 4.5% after silver exchange-traded funds (ETFs) declined 6%.HDFC Bank shares dropped by 9% after the resignation of part-time Chairman and independent director Atanu Chakraborty.
