Sensex crashes nearly 1,300 points, Nifty slips below 24,600 — 10 key highlights from Indian stock market today

Frontline indices, the Sensex and the Nifty 50, ended with deep cuts on Tuesday, May 13, a day after clocking massive gains of nearly 4 per cent after a reduction in tensions between India and Pakistan. The Sensex closed 1,282 points, or 1.55 per cent, down at 81,148.22, while the Nifty 50 settled at 24,578.35, down 346 points, or 1.39 per cent, on Tuesday. The BSE Midcap and Smallcap indices outperformed the benchmarks, ending 0.17 per cent and 0.99 per cent higher, respectively.

Indian stock market: 10 key highlights from the day

Here are 10 key highlights from the stock market today:

1. Why did the Indian stock market fall today?

The benchmark indices ended lower on profit booking. The 30-share pack Sensex saw only five stocks ending in the green. Shares of HDFC Bank, Infosys, Reliance Industries, Bharti Airtel and ICICI Bank ended as the top drags on the index.

While some amount of uncertainty on the India-Pakistan front persists, a trade deal between the US and China is also seen as negative for the Indian stock market.

"The domestic market witnessed profit booking today, following yesterday’s sharp rally. The relief-driven surge—fuelled by easing global and domestic risks, including a reduction in trade war tensions and Indo-Pak geopolitical stress—appears to be taking a breather," said Vinod Nair, Head of Research, Geojit Investments Limited.

"This consolidation is primarily affecting large-cap stocks, while mid- and small-cap segments continue to gain traction. This divergence is expected to persist, supported by broad-based earnings improvements reflected in Q4 results so far," Nair said.

2. Top losers in the Nifty 50 index today

As many as 35 stocks ended with losses in the Nifty 50 index, out of which Infosys (down 3.63 per cent), Eternal (down 3.34 per cent) and Power Grid (down 3.19 per cent) were the top losers.

3. Top gainers in the Nifty 50 index today

Bharat Electronics (up 4.06 per cent), Jio Financial Services (up 1.83 per cent) and Hero MotoCorp (up 1.77 per cent) ended as the top gainers in the Nifty 50 pack.

4. Sectoral indices today

The Nifty IT index dropped 2.42 per cent, while Nifty FMCG, Auto and Private Bank indices dropped 1 per cent.

Nifty Bank and Financial Services ended with significant losses of 0.80 per cent and 1.10 per cent, respectively.

However, Nifty Media (up 1.66 per cent), PSU Bank (up 1.56 per cent) and Pharma (up 1.22 per cent) closed with healthy gains.

5. Most active stocks in terms of volume

Vodafone Idea (36.86 crore shares), YES Bank (28.54 crore shares) and Swiggy (9.93 crore shares) were the most active stocks in terms of volume on the NSE.

6. Eight stocks jump more than 15% on NSE

Max India Ltd-RE, Dynamic Cables, Inspirisys Solutions, GACM Technologies Ltd-RE, GACM Techno Ltd-RE1, Linc, InfoBeans Technologies and Ginni Filaments were the eight stocks that surged more than 15 per cent on the NSE.

7. Two stocks crash more than 10%

Bannari Amman Spinning Mills Limited-RE (down 34.88 per cent) and DMCC Speciality Chemicals (down 10.01 per cent) were the two stocks that dropped more than 10 per cent on the NSE.

8. Nearly 200 stocks hit upper circuits; 31 stocks hit lower circuits

As many as 199 stocks, including Zen Technologies, Sagility India, KPI Green Energy, Godfrey Phillips India, Senco Gold and Reliance Communications, hit their upper circuits during the session on the NSE.

On the other hand, 31 stocks, including Kitex Garments, Quest Laboratories and Kore Digital, hit their lower circuits on the NSE during the session.

9. Advance-decline ratio

Some 1,948 stocks advanced, while 937 declined and 74 remained unchanged on the NSE.

10. Over 70 stocks hit 52-week highs

APL Apollo Tubes, Aster DM Healthcare, Choice International, City Union Bank, Dalmia Bharat, Gabriel India, Godfrey Phillips India, Nazara Technologies and Redington were among the 76 stocks that hit their 52-week highs in intraday trade on the BSE.

On the other hand, 30 stocks, including Swiggy, Century Enka, KBC Global and Last Mile Enterprises, hit their 52-week lows in intraday trade on the BSE.

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Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.