Stocks plunged news: Sensex falls! These stocks fell 5% or more in Monday's session

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NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Monday even as equity benchmark BSE Sensex traded 511.38 points down at 81896.79 amid brisk selling in frontline bluechip counters.On the BSE, City Crops Agro(down 11.36 per cent), Beeyu Overseas(down 11.11 per cent), United Interactive(down 10.05 per cent), Naapbooks Ltd.(down 9.97 per cent) and Continental Cont(down 9.94 per cent) stood among the top losers in today's trade.In the Nifty pack, 15 stocks closed in the green, while 35 stocks ended in the red.The index closed 140.5 points down at 24971.9.On the BSE, Photoquip Ind Saumya Consultants and Pankaj Piyush hit their fresh 52-week lows, while Lakshmi Mills Innovana Thinklabs and AGI Infra Ltd. touched their fresh 52-week highs in today's trade.

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Heightened tensions in West Asia pull Sensex & Nifty down, but defence stocks soar

Shares of Apollo Micro Systems and IdeaForge Technology surged 10% each. GRSE stocks rose 6.25%, while Swan Defence and Heavy Industries gained nearly 5% read more A man passes by the Bombay Stock Exchange (BSE) building on the day of Union Budget 2025-26 presentation, in Mumbai. File image/PTI Indian equity markets slid Monday as tensions in the Middle East escalated after the United States launched airstrikes on Iran's nuclear infrastructure, unnerving investors and triggering broad-based selling across major indices. The benchmark BSE Sensex fell 511.38 points, or 0.62 per cent, to close at 81,896.79. It had dropped as much as 931.41 points, or 1.13 per cent, earlier in the session. The NSE Nifty declined 140.50 points, or 0.56 per cent, to settle at 24,971.90. STORY CONTINUES BELOW THIS AD Markets reacted to news that the US had directly entered the Israel-Iran conflict by striking Iran's Fordow, Natanz, and Isfahan nuclear sites over the weekend. While the conflict raised concerns about broader regional instability and energy supply disruptions, initial fears around oil shocks remained contained. Brent crude gained 0.49 per cent to trade at $77.39 a barrel. The rising geopolitical uncertainty weighed on frontline indices, but Indian defence sector stocks rallied strongly on expectations of higher spending and order flows. Shares of Apollo Micro Systems and IdeaForge Technology surged 10 per cent. Garden Reach Shipbuilders & Engineers rose 6.25 per cent, while Swan Defence and Heavy Industries gained up to 5 per cent. The sector's outperformance followed months of recovery. After a five-month period of weakness attributed to valuation concerns, defence stocks began to rebound in March and gained further traction in April and May. The momentum intensified after Operation Sindoor, during which India showcased its indigenous defence capabilities, including intercepting drones and missiles launched by Pakistan, according to a report by The Mint. Sentiment was further lifted by Prime Minister Narendra Modi's recent reiteration of the government's commitment to self-reliance in defence production under the Make in India initiative. Despite the day's volatility, select capital goods and metals stocks provided support to the market. Investors monitored global cues closely, with attention focused on whether Iran would retaliate further or escalate the conflict into the Strait of Hormuz, a key oil transit route. STORY CONTINUES BELOW THIS AD Market participants are expected to remain cautious amid heightened geopolitical risks, even as underlying domestic trends in select sectors remain resilient. With inputs from agencies

India Gazette

37 minutes ago

• India Gazette

Indian stocks recover from heavy losses as Israel-Iran conflict continues; Sensex closes 511 points down

New Delhi [India], June 23 (ANI): Indian stock market declined on Monday as did most other Asian indices, amid geopolitical tensions stemming from an escalation in the Israel-Iran conflict. Sensex closed at 81,896.79 points, down 511.38 points, or 0.62 per cent, while Nifty closed at 24,971.90 points or 140.50 points or 0.56 per cent. At one point, Sensex was about 1,000 points down but recovered later. Among the sectoral indices, Nifty auto, FMCG, IT slumped sharply, while Nifty consumer durables, metal, media soared, NSE data showed. Markets remain volatile as missile attacks continue, and oil remains jittery with a sizable portion of supply routes under threat. International crude oil prices have shot over the few days, reacting to the fresh geopolitical tensions. Over the years, India has diversified its energy supplies, and a large volume of these do not come through the Strait of Hormuz now. Oil Marketing Companies have supplies for several weeks and continue to receive energy supplies from several routes. Petroleum Minister Hardeep Puri vowed his ministry will take all necessary steps to ensure the stability of fuel supplies. Riya Singh - Research Analyst, Commodities and Currency, Emkay Global Financial Services, said: 'Crude oil prices saw a sharp spike following US airstrikes on Iran's nuclear facilities at Fordow, Natanz, and Isfahan, with Brent crude briefly surging 5.7 per cent to USD 81.40 a barrel amid fears of a broader conflict, before retreating to around USD 78 as physical oil flows remained undisturbed.' 'The initial rally reflected heightened anxiety over potential supply disruptions, particularly through the Strait of Hormuz, an artery for nearly 20-25 per cent of global crude and LNG flows, but with the passage still open and no immediate Iranian retaliation, markets trimmed risk premiums.' Manoranjan Sharma, Chief Economist, Infomerics Ratings, said: 'Iran has threatened to close the Strait of Hormuz. This will have severe implications for India, because, as most of us are aware, that 20 per cent of world's oil passes through this narrow route, and 60 per cent of the oil which we consume in India passes through this route. So this will have very severe implications for India. Apart from this, any uptick in oil will have bad implications, both for economic growth and the inflationary spiral.' 'We have done some exercise in this area, and we find that every USD 10 increase in the price of oil reduces India's GDP growth by about 0.3 per cent and pushes up inflation by 0.4 per cent. This will also have a bad influence on the value of rupee, which can fall further from the present level of roughly around 85 rupees to the US dollar,' Sharma added. However, Nirav Vakharia, a market expert, said that even if Iran decides to close the Strait of Hormuz, it will not have much impact on India. 'If Iran decides to close the Strait of Hormuz, it will not have much impact on India as India imports very minimum from has multiple resources of oil supply including UAE, Qatar, Russia, the US,' Vakharia added. (ANI)

Time of India

an hour ago

• Time of India

trump iran airstrikes: Two Sharp with ET: Oil at 5-month high after US-Iran clash, Sensex falls 511 pts over war fears - The Economic Times Video

Oil hits 5-month high after US strikes on Iran spark supply fears. Brent crosses $81.40, Hormuz in focus. India's crude imports hit record high. Sensex drops 511 pts, Nifty 140 as IT stocks fall and Fed cut hopes fade. Nisha Poddar explains in today's Two Sharp episode. Show more Show less