Stock Market Alert: Nifty, Sensex Make A Turbulent Start Of The Week; Who Are The Top Gainers, Losers

Stock Market Alert: The Nifty and Sensex made a turbulent start to Monday's trading session, with nearly all broad market indices and notable stocks trading in the red. Nifty 50 opened at 24669 points, whereas BSE Sensex opened at 81214 only to slide nearly 600 points lower in the next thirty minutes after opening. Small-cap and mid-cap indices remained flat. Whereas, Nifty Bank also remained under pressure.

Top Losers

Apollo Hospitals, Tata Consumers, Hindalco, HDFC Bank, HCLTech, Shriram Finance, Bajaj Auto, Reliance, Infosys, Bajaj Finance, Tech Mahindra, emerged as the top losers on Nifty 50 index.

Additionally, Tech Mahindra, Infosys and other IT sector stocks were also trading in red. Several banking sector stocks were under pressure during the market opening session.

Top Gainers

Apollo Hispital, Hindustan Unilever, Tata Consumer, Nestle India, Eicher Motors, Adani Enterprises, Inox Wind, Power Grid, BEL, Adani Ports, SBI Life were among the top gainers.

Stock Market Recap

Earlier, Gift Nifty had indicated a muted start of the Indian stock market today. Nifty and Sensex closed slightly lower on Friday. Nifty50 closed nearly 0.3% lower at 24,751 points. Whereas, the broader market remained weak during the last trading session.

Most of the sectoral indices also remained under pressure, including the Nifty Metal, IT, and Auto indices. However, banking sector stocks emerged as top gainers

Underlining the contribution of strong FII-DII inflows, Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said, "Institutional flows remained supportive, with FIIs and DIIs together infusing ₹5,100 crore into Indian equities on Thursday, signalling continued confidence. In key macro developments, India's GDP growth for Q4 accelerated to 7.4%, beating street estimates of 6.7%, while the full-year FY25 growth came in at 6.5%. This reaffirmed India's position as the world's fastest-growing economy. Globally, concerns over economic growth persisted after the US economy contracted 0.2% in Q1CY25, albeit slightly better than the expected -0.3%, raising questions around future Fed policy moves. Next week, interest rate-sensitive sectors-particularly PSU banks-are likely to remain in focus amid growing hopes of an RBI rate cut."

US Stock Market Today

United States stock market ended on a mixed note on Friday. The NYSE Composite Index saw a modest uptick, adding 39.91 points, a 0.20% increase, to conclude at 19,783.81. Meanwhile, the NYSE American Composite Index and the Russell 2000 faced downturns, decreasing by 0.34% and 0.41% respectively. The NYSE American Composite Index dropped 17.74 points to 5,194.38, and the Russell 2000 shed 8.49 points, finishing at 2,066.29.

Global Stock Market

In international markets, the FTSE 100 in the UK showed resilience, climbing by 55.93 points, a 0.64% increase, to reach 8,772.38. Conversely, the Hang Seng Index in Hong Kong faced a steep decline on Monday, dropping by 518.44 points, which translates to a 2.23% fall, standing at 22,771.33. Such disparities underscore the varying impacts of regional and global factors on different markets.

With global stocks under pressure, the Indian stock market investors will be keenly waiting for the Reserve Bank of India's Monetary Policy Committee (MPC). According to experts RBI MPC is likely to cut repo rate one more time in June. RBI MPC meeting is scheduled to begin on June 4 and the meeting is likely to be announced on June 6.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.