Sensex, Nifty extend losses; over Rs 13 lakh crore investor wealth eroded in 5 days

Indian equity benchmarks slid sharply in Friday's trade, weighed down by selling across majority of the sectors and extending their decline for a fifth consecutive session. At close, the 30-share BSE Sensex plunged 605 points or 0.72 per cent to 83,576, while the NSE benchmark slumped 194 points or 0.75 per cent to settle at 25,683. The steep fall wiped out more than Rs 13 lakh crore in BSE market capitalisation (m-cap) in five consecutive trading sessions.

The broader market also came under strain, with BSE mid-cap and small-cap indices slipping into the red. The sell-off was largely driven by concerns over a possible escalation in US trade actions against countries importing Russian oil.

US Senator Lindsey Graham said President Donald Trump has approved a bill that could sharply raise tariffs on countries such as India, China and Brazil for continuing to buy Russian oil despite international sanctions. Graham added that tariffs on India and China could increase by as much as 500 per cent as early as next week.

Here's a snapshot of today's market fall:

Rs 13 lakh crore investor wealth lost in 5 days

Investor wealth, measured by BSE m-cap, declined by Rs 4.38 lakh crore to Rs 467.87 lakh crore from Rs 472.25 lakh crore in the previous session. Over the last five sessions, figure dropped by Rs 13.37 lakh crore.

Heavyweights such as ICICI Bank, HDFC Bank, Bharti Airtel, NTPC, Axis Bank, M&M, ITC, Sun Pharma, Maruti Suzuki and Bajaj Finance weighed on the benchmarks.

329 stocks hit 52-week lows on BSE

As many as 329 stocks touched their 52-week lows. BSE500 constituents including ACC, Afcons Infrastructure, AWL Agri Business, BASF India, Bata India, Blue Jet Healthcare, Carborundum Universal, Clean Science and Technology, Cohance Lifesciences and Siemens Energy India slipped to their respective one-year lows. Meanwhile, 76 stocks managed to hit fresh 52-week highs during the session.

3,103 stocks in the red

Out of 4,346 stocks, 3,103 stocks declined. 1,051 stocks advanced, while 177 stocks remained unchanged.

FII-DII data

Foreign institutional investors (FIIs) sold Rs 2,544.47 crore on a net basis during the previous session, while domestic institutional investors (DIIs) purchased Rs 2,817.93 crore, according to stock exchange data.

On the global front, most Asian markets traded higher. Japan's Nikkei index rose 1.61 per cent, while Hong Kong's Hang Seng climbed 0.32 per cent. Shanghai Composite index was up 0.92 per cent, while South Korea's Kospi index advanced 0.75 per cent.