Sensex Today Tanks 739 Points | Nifty Ends Below 24,550 | 4 Reasons Why Indian Share Market is Falling

Fri, 19 Jul Closing

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After opening the negative note, Indian share markets Slipped further as the session progressed and ended the day weak.

At the closing bell, the BSE Sensex stood lower by 739 points (down 0.9%).

Meanwhile, the NSE Nifty closed lower by 275 points (down 1.1%).

Infosys, ITC and Asian Paints were among the top gainers today.

Tata Steel, BPCL and ONGC on the other hand, were among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

The GIFT Nifty ended at 24,541 down by 313 points.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets ended the day negative. The BSE Mid Cap ended 2.3% lower and the BSE Small Cap index ended 2.2% lower.

Sectoral indices are trading on negative note with stocks in metal sector, auto sector, energy sector and oil & gas sector witnessing buying most selling pressure.

Shares of Info Edge, Britannia and TCS hit their respective 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 83.66 against the US$.

Gold prices for the latest contract on MCX are trading 0.9% lower at Rs 73,429 per 10 grams.

Meanwhile, silver prices are trading 1.9% lower at Rs 90,039 per 1 kg.

Here are four reasons why Indian Markets are falling today

#1 Global Market

Broader Asian shares dropped amid uncertainty across the geopolitical landscape and in major economies, and a weaker finish in U.S. equities overnight.

MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.1% and was headed for its worst week in over a month with a 2.4% loss. Japan's Nikkei fell to a more than two-week low and was last down 0.1%, extending its sharp 2.4% fall from the previous session.

Chinese blue-chips fell 0.08% in early trade, while the Shanghai Composite Index edged 0.07% lower. Hong Kong's Hang Seng index slid 1.5%

#2 Fall in Index Heavyweight

Tech Mahindra, Power Grid Corporation of India, UltraTech Cement, Tata Steel, NTPC and JSW Steel were among the top contributors to the fall in the benchmark index at around 12 noon.

#3 Sectoral Impact

On the sectoral front, Nifty Metal fell 4.1%, and Nifty Oil & Gas declined 2.9%. Nifty Bank, Auto, Financial Services, Media, Pharma, Realty, and Consumer Durables also declined,

#4 Rupee Weakens

The Indian rupee fell 1 paisa to 83.64 against the US dollar in early trade. The dollar index, which tracks the movement of the greenback against a basket of six major world currencies, increased 0.08% to 104.25 level.

Speaking of the stock market, there is set to be a wide demand supply gap in power availability over the next decade. So, most power producers are betting on an attractive increase in merchant power tariffs over next five years.

And therefore, there is an unwillingness to sign long term power purchase agreements (PPAs) at relatively lower prices.

So, what does it mean?

Tanushree Banerjee, Research Analyst in her latest video talks hidden opportunities for long term investors.

Tune into below video for more details.

Why RVNL Share Price is Rising

In news from the railway sector, shares of Rail Vikas Nigam Limited (RVNL) jumped nearly 9% to hit an intraday high of Rs 638 after the company announced a Memorandum of Understanding (MoU) with Israel's United Construction.

The MoU between RVNL and United Construction aims to explore and secure projects across a diverse range of sectors, including railways, mass rapid transit systems (MRTS), tunnels, highways and expressways, bridges, building works, airports, ports, irrigation, power transmission and distribution, and renewable energy sectors such as solar and wind.

In addition to this strategic partnership, RVNL also reported a favourable arbitration outcome. The Hon'ble tribunal awarded Rs 5.8 bn to Krishnapatnam Railway Company Ltd (KRCL) in arbitration case no. 33/2019 against the Ministry of Railways. KRCL is a joint venture and special purpose vehicle of RVNL in which it has a 49.8% stake.

RVNL, a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways, was incorporated in 2003 to address the country's growing infrastructural needs and to expedite project implementation.

Serving as the construction arm of the Ministry of Railways, RVNL handles project execution from concept to commissioning and forms project-specific SPVs to mobilize extra-budgetary resources through a mix of equity and debt.

JSW Infrastructure Slumps 7%. Here's Why

Moving on to news from the engineering sector, shares of JSW Infrastructure fell nearly 7% after the company reported an annual decline in its consolidated net profit for the quarter that ended June, driven by higher expenses.

For the June quarter, JSW Infrastructure's net profit fell 9% year-on-year to Rs 2.9 bn, while total expenses surged 40% year-on-year to Rs 7.1 bn.

Meanwhile, revenue from operations rose 15% year-on-year to Rs 10.1 bn.

The total cargo handled by JSW Infrastructure rose 9% year-on-year to 27.8 million tonnes in Q1 FY25.

Boosted by the increased revenue, the company's EBITDA also rose 24% year-on-year to Rs 609 crore in Q1 FY25. The EBITDA margin expanded to 55.1% in Q1 FY25 from 53.5% in the same period last year.

JSW Infrastructure operates and manages ports and terminals, handling various types of cargo, including dry bulk, break bulk, liquid bulk, gases, and containers.

The company also offers cargo handling, end-to-end logistics, and storage solutions.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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Indian Share Market Update: Top Gainers and Losers