Monday's stock market tempest tossed the Bombay Stock Exchange's Sensex over 800 points. Nifty, too, saw a steep decline, ending over 1% lower amid the ongoing Iran-Israel conflict, impacting ten significant company stocks.
Sensex and Nifty End Sharply Down
The stock market was particularly harsh on investors this Monday, with the BSE's Sensex opening at 73,315.16 and closing down 845.12 points at 73,399.78 by market's end at 3:30 PM. Concurrently, the Nifty50 also faced a dismal tumble, ending at 22,272.50, down by 246.90 points after an unsettling start at 22,339.05 at 9:15 AM.
Top 10 Shares that Sank Investor Wealth
Addressing the stocks that plummeted the most amidst Monday’s market havoc, Mukesh Ambani's Jio Financial Services saw a dip of 4.81%, closing at ₹354.30. Gautam Adani's Adani Green Energy also declined by 3.66%, ending at ₹1,815. Alongside, shares of IRFC fell by 3.48%, closing at ₹140.25.
Turning to mid-cap stocks, SJVN shares dropped by 5.08% closing at ₹124.20, Max Healthcare fell by 4.26% to ₹833.35, and Mahindra Finance shattered by 4.17% to ₹290.80.
Small-cap companies weren't spared in the downturn, with NBCC India dropping by 5.73% to ₹125.95, KEC International by 5.71% to ₹704.10, and Castrol India by 5.66% to ₹210.80.
Post Iran-Israel Conflict, These Stocks Faced Declines
Certain companies' stocks also felt the reverberations of tension between Iran and Israel. Notably, Adani Ports, which is intricately linked to Israel and holds a significant business interest there, including a $1.8 billion tender securement for the privatization of Haifa Port in a joint venture in 2022. Adani Ports saw a 2.06% decline in shares to ₹1,316.50 following the conflict news on Monday.
