Closing Bell: It's a black Monday for the Indian market, Nifty falls below 15800

Closing Bell: It's a black Monday for the Indian market, Nifty falls below 15800

by 5paisa Research Team Last Updated: Dec 11, 2022 - 12:46 pm 25.3k Views

Domestic equity bourses Sensex and Nifty 50 witnessed a big fall on Monday as weakness across sectors, reflecting a global sell-off as US inflation reignited the worries about more aggressive Fed policy tightening.

Indian equity fell sharply on Monday, as the rupee hit a record low as swelling US inflation numbers, and a COVID-19 warning from Beijing dented the global markets. Traders now await May consumer price data for further cues. In today's trade investor concerns led to global risk aversion, dragging the equity markets across the region, with the headline indices trading more than 2.5% lower. Owing to these developments, the benchmark index Nifty fell below 15,800.

At the closing bell on June 13, the Sensex was down 1,456.74 points or 2.68% at 52,846.70, and the Nifty was down 427.40 points or 2.64% at 15,774.40. On the market breadth, 650 shares have advanced, 2759 shares declined, and 117 shares are unchanged.

Top Nifty losers were Bajaj Finserv, Bajaj Finance, Tech Mahindra, IndusInd Bank and Hindalco Industries, while gainers included Nestle India and Bajaj Auto. In the broad markets, BSE Midcap lost 2.7% and Smallcap index shed 3%. Sector-wise all the indices finished in the red with bank, capital goods, auto, metal, IT, realty, PSU Bank, and oil & gas indices falling 2-3% each.

Today, almost 46 companies in the Nifty 500 index hit their 52-week lows as the market corrected over 2% on the back of inflationary concerns dampening investor sentiment. The stock of RBL Bank was among the biggest losers today as shares of the bank tanked nearly 20%, hitting a new 52-week low of Rs 90.90 on the NSE. Indian rupee ended 19 paise lower at 78.03 versus the dollar against Friday's close of 77.84. It touched a fresh record low of 78.28 during the day.

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Sahana Systems IPO GMP (Grey Market Premium)

Sahana Systems IPO worth ₹32.74 crore comprises entirely of a fresh issue of shares by the company. The price band has been fixed in the range of ₹132 to ₹135.

  • Jun 09, 2023
What you must know about HMA Agro Industries IPO

HMA Agro Industries Ltd was incorporated in the year 2008 as a star export house to deal in food trade. It is a food trade company that basically handles a variety of agricultural product exports including the predominant exports of frozen fresh de-glanded buffalo meat.

  • Jun 09, 2023
Spectrum Talent Management IPO GMP (Grey Market Premium)

Spectrum Talent Management IPO worth ₹105.14 crore, comprises entirely of a combination of a fresh issue of shares and an offer for sale (OFS) by promoters and early shareholders.

  • Jun 09, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number