Winning Bizness Desk
Mumbai- The month of June was not good for those investing in the stock market. During this period, the benchmark index Sensex fell by about 2300 points, or 4.5 percent resulting in a loss of more than 13 lakh crores to the investors. The market cap of BSE listed companies stood at Rs 243.65 lakh crore as on June 30, which is Rs 13 lakh Cr less than a month ago. In June, the Sensex had fallen to 50,921 points, its 52-week low. The stock market declined nearly 9.5 per cent in the June quarter, which is the worst performance since the March quarter of 2020.
Nifty Metal the biggest loser
Nifty Metal was the biggest loser at 27.4 per cent this quarter. However, during this period, the Nifty Auto index gained about 11 per cent. Zomato fell for the fourth consecutive day. Of the 30 Sensex stocks, only 11 gained this month. These include Axis Bank, SBI and Kotak Mahindra Bank.
Only the BSE Auto index saw a rise
During this month, Tech Mahindra, Bajaj both the stocks, Mahindra & Mahindra and Tata Steel fell nearly two per cent. Talking about the sectoral index, only the BSE Auto index saw a rise in June. The index has gained about two per cent this month. TVS Motor, Mahindra & Mahindra, Ashok Leyland and Maruti Suzuki were the top gainers. BSE Metal, on the other hand, declined 12 per cent. Vedanta, Nalco, Hindalco, Tata Steel and Hindustan Zinc were the biggest losers.