Business EconomyPosted at: May 12 2026 6:47PM


Bloodbath continues at Stock Market, Sensex down over 1400 points

New Delhi, May 12 (UNI) The bloodbath at the dalal street continues on Tuesday with the benchmark indices, the BSE Sensex and the Nifty 50, declined for the fourth consecutive session on Tuesday amid mixed global cues.
At close, the Sensex was down 1,456.04 points or 1.92 percent at 74,559.24, while the Nifty declined 436.30 points or 1.83 percent to 23,379.55. Around 3,219 shares declined against 875 advances.
The Indian rupee ended at a record closing low of 95.63 against the US dollar. Investors lost more than Rs 11 lakh crore as the m-cap of BSE-listed firms was Rs 467.3 lakh crore.
EV stocks also reversed their recent gains. Olectra Greentech, Ola Electric Mobility, and Ather Energy falling 7.3%, 5%, and 4.6%, respectively.
Further, the jewellery stocks witnessed another round of selling pressure. Kalyan Jewellers India fell 6%, while Titan Company tanked 3.5%.
On the other hand Oil India and Oil and Natural Gas Corporation surging 7.7% and 4.8%, respectively.
Some of the key gainers included Biocon, Brainbees Solutions, Afcons Infrastructure, Vedanta, Hindustan Zinc, Godrej Consumer Products and Anthem Biosciences.
Among the sectors, all the indices on the NSE traded in the red, except metals, oil & gas and PSU banks. Bank Nifty was down up to 1 percent, while Nifty IT tumbled 3.3 percent. IT shares came under heavy selling pressure.
India VIX, the market’s fear gauge, rose 2 percent to 18.87.
The global oil benchmark Brent crude rose 2.45 percent to USD 106.75 per barrel amid the rising tensions in Middle East.UNI AAB
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Tags: #Bloodbath continues at Stock Market# Sensex down over 1400 points
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