Share Market Today: Sensex Ends 82 Points Lower, Nifty Slips Below 24,800 As Headline Indices Extend Losing Streak

Sensex Nifty Closing: The benchmark indices declined for the third straight day on June 19. The Sensex and the Nifty ended flat with a negative bias, the 30-share Sensex slumped 82.79 points or 0.1 per cent to close at 81,361.87. On the other hand the Nifty 50 ended the session, lower by 18.8 points or 0.08 per cent at 24,793.25. The decline seen in the headline indices comes amid further escalation in the Iran-Israel conflict.

Adani Ports, Bajaj Finance and Shriram Finance Lead Losers

Shares of Adani Ports, Bajaj Finance and Shriram Finance lead the losers among Nifty 50 stocks. As many 33 constituents of the 50-share benchmark index ended lower while 17 stocks ended in the green. Out of the 17 stocks which closed higher, shares of Tata Consumer Products Ltd, Eicher Motors Ltd and Mahindra & Mahindra Ltd gained the most closing higher by up to 2.14 per cent.

Broader Market Indices Extend Losses On June 19

The broader market indices also extended their losing streak on June 19. The Nifty MidCap 100 and the Nifty SmallCap 100 closed 1.63 per cent and 1.99 per cent lower. Almost all the key sectoral indices finished the session lower with the Nifty IT, Nifty Metal and the Nifty Realty index closing down by as much as 1.6 per cent. Only the Nifty Auto index closed in the green up by 0.52 per cent.

Global Markets on June 19

US market indices closed lower on June 18 as the DJIA and the S&P 500 finished flat with marginal losses, down by 0.1 per cent. The Nasdaq finished higher by 0.13 per cent. On June 19, Asian markets closed lower with the Nikkei 225, Shanghai Composite and Hang Seng tumbling as much as 2.04 per cent.

Primary Market Action On June 19

The bidding window of Eppeltone Engineers IPO closed for subscription on June 19. On the other hand Monolithisch India Ltd shares listed on the NSE SME platform at Rs 231.55 per share with a 62 per cent premium to the issue price of Rs 143 per share.

Market Cues

D-street is expected to track developments in West Asia as the conflict between Iran and Israel escalates. Key commodity prices such as crude oil prices and coal prices are expected to influence how the market will trade in the upcoming days.