Benchmark indices ended the session sharply lower on June 12, as rising uncertainty in the middle east sent crude oil prices higher, and Indian equities tracked the global risk off to snap six days of gains.
Markets extended the decline in the second half of the day, with key indices down around a percent each, with Sensex plunging 823 points to close at around 81,692 and Nifty 50 dropping 253 points to end the session at 24,888. All major sectoral indices closed in the red, with realty and consumer durables being the top laggards. The broader market indices continued to underperform the benchmarks for the second consecutive session, with midcap and smallcap indices closing nearly 2 percent lower.
Here is the list of stocks which witnessed the most significant ups and downs:
IndiGo, SpiceJet
Plane crash
Airline stocks saw a sharp decline in the afternoon trading hours of June 12. IndiGo shares sharply fell 3 percent intraday, while SpiceJet shares were down 1.5 percent. This came after a London-bound Air India flight with over 200 passengers onboard crashed soon after takeoff from the Ahmedabad airport, crashing near the airport, in a densely populated area.
IxiGo, Thomas Cook
Ahmedabad plane crash
While airline stocks like IndiGo and SpiceJet shares plunged up to 3 percent, companies that offer online flight booking services also saw a sharp drop in share prices. Ixigo and Thomas Cook India shares tumbled nearly 4 percent each. TBO Tek shares dropped over 3 percent, while Mahindra Holidays shares fell over 2.5 percent. Ease my Trip and Yatra Online shares were trading with marginal losses. A flight crash may raise fears around air travel, which may have likely pushed down the stocks.
Paytm
Paytm
Paytm shares plunged 10 percent intraday after the Finance Ministry issued a clarification that no merchant discount rate (MDR) will be charged on UPI transactions. Finance Ministry's clarification came after reports suggested that the government is planning to introduce MDR on transactions worth Rs 3,000 and above to support banks and payment solution providers. "Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading," the ministry said.
BSE
BSE
Shares of BSE fell for a second straight session on Thursday, extending losses to over 7 percent intraday after the stock was placed under the Additional Surveillance Measure (ASM) framework.
The decline follows the stock’s inclusion in the ASM list on Wednesday, a move prompted by sharp price movement, high trading volumes and concentrated client activity — key indicators monitored by exchanges to curb excessive speculation. As per the framework, trading in the stock now requires 100 percent margin, according to a CNBC-TV18 report.
Dabur
Dabur
The shares of FMCG companies recorded notable losses on June 12. The Nifty FMCG index has now extended losses for the second consecutive day after a strong five-day rally. Dabur shares were the top loser on the index, dropping nearly 3 percent.
Coforge, Infosys
Infosys
The shares of major IT players dropped on June 12 after uncertain US tariff rules and geopolitical tensions spooked investors. Coforge shares were the top loser on the index, closing nearly 2 percent lower.
Mazagon Dock, GRSE
GRSE
Defence shares faced selling pressure for the fourth time out of five days as profit booking continued in the sector. Garden Reach Shipbuilders (GRSE) shares plunged over 4 percent, while Mazagon Dock Shipbuilders shares fell over 3 percent.
Asian Paints
Asian Paints
The shares of Asian Paints jumped nearly 2 percent intraday to record the biggest single day jump in a month. This comes after nearly 3.5 crore shares of the company exchanged hands in a large block deal which took place on exchanges.
Around 3.5 crore shares, representing nearly 3.64 percent of the company's total equity stake, changed hands in a large block deal worth approximately Rs 7,703 crore, data showed. The transaction was done at Rs 2,201 per share in the block deal window.
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