Sudden Slide After Initial Surge
After an unprecedented opening today, the Indian stock markets have witnessed a pullback. The Bombay Stock Exchange’s (BSE) benchmark index, Sensex, has declined from an all-time high of 67,771.05 points to trade at 67,449, showing a loss of 17 points.
Market Sentiment
The National Stock Exchange (NSE) index, Nifty, has also slid down, currently trading at 20,084 after starting the day at 20,167. The slip represents a gain of 14 points, albeit less than the market’s starting position. Stocks such as ITC, ICICI Bank, HDFC Bank, Asian Paints, Bajaj Finance, Bharti Airtel, Titan, and TCS are among the leading underperformers contributing to the Sensex’s weakness today.
Previous Highs and Current Status
At 9:15 AM, the market had set new historical records. The Sensex had opened at 67,627 points, and Nifty started at 20,127 points. As of 9:23 AM, Sensex had touched its all-time high of 67,706 points. However, the markets failed to maintain the initial momentum, showing signs of nervousness among investors.
Sectoral Winners and Losers
In the Nifty index, Hindalco, Tata Steel, UPL, Tech Mahindra, and Wipro were the top gainers, while Britannia, Bharti Airtel, Sun Pharma, and Coal India were among the top losers.
| Date | Sensex Milestone | Points Reached | Gain/Loss |
|---|---|---|---|
| July 20, 2023 | All-time High | 67,619.17 | Gain |
| July 19, 2023 | Closed at Record High | 67,097.44 | Gain |
| July 14, 2023 | Closed at Record High | 66,060.90 | Gain |
| July 13, 2023 | Closed at | 65,558.89 | Gain |
| July 7, 2023 | New High | 65,898.98 | Gain |
| July 6, 2023 | Closed at | 65,785.64 | Gain |
| July 4, 2023 | Closed at | 65,479.05 | Gain |
| July 3, 2023 | Surpassed 65,000 | 65,000+ | Gain |
