Stock Market Highlights, Oct 4: Sensex sheds 808pts; Nifty ends near 25,000; FMCG drags, IT shines
Share Market Highlights: The day ended in favor of bears as 37 out of 50 constituent stocks of Nifty50 ended in the red
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Stock Market Highlights, Friday, October 4, 2024: Benchmark equity indices, the BSE Sensex and NSE Nifty50, ended the week's last trading session in negative territory, down nearly 1 per cent each, weighed down by selling across sectors.
The BSE Sensex shed 808.65 points or 0.98 per cent to 81,688.45. The index traded in the range of 81,532.68-83,368.32 today.
Similarly, the Nifty50 also dropped 235.50 points or 0.93 per cent to settle at 25,014.60 on Friday. The index traded in the range of 24,966.80-25,485.05 today.
The day ended in favor of bears as 37 out of 50 constituent stocks of Nifty50 ended in the red, dragged down by Mahindra & Mahindra, Bajaj Finance, Nestle India, BPCL, and Hero MotoCorp, with losses extending up to 3.54 per cent. Conversely, Infosys, ONGC, HDFC Life Insurance Company, Tata Motors, and Wipro were among the 13 constituent stocks that ended in the green, with gains extending up to 1.51 per cent.
That said, the fear index, India VIX, ended higher by 7.27 per cent at 14.13 points.
Broader indices ended in the red, with Nifty Midcap 1000 and Nifty Smallcap 100 settling down by 1.01 per cent and 0.90 per cent, respectively.
The sectors that bore the brunt of the downturn were FMCG, Auto, Media, Realty, and OMCs, all of which fell by more than 1 per cent. Notably, the Nifty Media index plummeted 2.53 per cent on Friday.
However, IT and PSU Bank indices succeeded in eking out some gains, ending higher by 0.45 per cent and 0.61 per cent, respectively, on Friday.
4:09 PM
Stock Market LIVE Updates: Refex Industries board approves issue of equity and warrents to raise Rs 927.91 cr
Stock Market LIVE Updates: Refex Industries today announced that its board of directors has approved the issue of 86,55,000 equity shares on a preferential basis to raise an aggregate amount of Rs 405.05 crore, apart from the issue of up to 1,11,70,000 warrants to promoters and non-promoters on a preferential basis, to raise around Rs 522.76 crore.
4:08 PM
Stock Market LIVE Updates: Sensex closes over 800 pts down
The BSE Sensex finished at 81,688, down 808 points, or 0.98 per cent lower on Friday.
4:08 PM
Stock Market Highlights LIVE Updates: Nifty holds 25,000 mark, slips over 200 pts
NSE's Nifty 50 was finished at 25,014, down 235 points, or 0.93 per cent.
4:07 PM
Stock Market Highlights LIVE Updates: 21 out of 30 stocks end in red on Sensex
On BSE Sensex, Bajaj Finance, Asian Paint and M&M were top losers, while Infosys, Tata Motors and Tech Mahindra ended in green.
4:06 PM
Stock Market Highlights LIVE Updates: Broader markets fall in line with benchmarks
In the broader market, the BSE SmallCap closed 0.80 per cent lower, while BSE MidCap slipped 0.94 per cent at close.
4:06 PM
Stock Market Highlights LIVE Updates: All but two sectors plummet
All sectors ended in red on Thursday, except Nifty IT and Nifty PSU Bank which closed higher on Thursday. The sectors that dipped the most included Nifty Realty, FMCG and Auto among others.
4:05 PM
Stock Market Highlights LIVE Updates: Infosys, HDFC Life, ONGC end 1% higher on NSE
On NSE Infosys, HDFC Life, ONGC ended around 1% higher each, while M&M, Bajaj Finance and Asian Paint sustained losses between 2-3 per cent.
4:05 PM
Stock Market Highlights LIVE Updates: Market pessimism expected to continue in near term
The bearish sentiment continued as investors are monitoring the escalating conflict in the Middle East and have adopted a sell-on recovery strategy. Crude prices have moved up sharply but may be restricted due to an increase in production from OPEC+.
The drag was across sectors led by realty, auto, and FMCG except IT stocks, which gained due to expected benefits from US rate cuts and defensive nature. The pessimism on the market is expected to continue in the near term amidst rising crude prices and fund flows to cheaper markets like China.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
The drag was across sectors led by realty, auto, and FMCG except IT stocks, which gained due to expected benefits from US rate cuts and defensive nature. The pessimism on the market is expected to continue in the near term amidst rising crude prices and fund flows to cheaper markets like China.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
4:04 PM
Stock Market Highlights LIVE Updates: Market pessimism expected to continue in near term
The bearish sentiment continued as investors are monitoring the escalating conflict in the Middle East and have adopted a sell-on recovery strategy. Crude prices have moved up sharply but may be restricted due to an increase in production from OPEC+.
The drag was across sectors led by realty, auto, and FMCG except IT stocks, which gained due to expected benefits from US rate cuts and defensive nature. The pessimism on the market is expected to continue in the near term amidst rising crude prices and fund flows to cheaper markets like China.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
The drag was across sectors led by realty, auto, and FMCG except IT stocks, which gained due to expected benefits from US rate cuts and defensive nature. The pessimism on the market is expected to continue in the near term amidst rising crude prices and fund flows to cheaper markets like China.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
Topics : Markets Trade War
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First Published: Oct 04 2024 | 4:03 PM IST
