Market Crash Highlights, Oct 3: Israel war triggers 1769-pt sell off in Sensex; Nifty ends at 25,250
Share Market Crash Highlights, Oct 3: MidCap, SmallCap indices closed up to 2.2 per cent lower. Fear gauge, India VIX, soared 9.4 per cent today
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Stock Market Crash today, Closing Bell Updates, October 3: The India stock market bled heavily on Thursday, October 3, as a fresh flare up in Iran-Israel tensions soured Dalal Street sentiment. The BSE Sensex index, today, crashed 1,769 points, or 2 per cent, to end at 82,497 levels. The Nifty50, on the other hand, broke the 25,300-mark to close at 25,250, down 547 points or 2.12 per cent, making investors poorer by Rs 9.6 trillion.
The BSE Sensex index hit an intraday low of 82,434, while the 50-share Nifty index plummeted to 25,230.30 during the day.
Twenty eight of the 30 Sensex stocks and 48 of the 50 Nifty stocks nursed losses on Thursday, the day of the weekly F&O expiry. Among individual stocks, BPCL, Shriram Finance, L&T, Tata Motors, Reliance Industries, Asian Paints, Axis Bank, Eicher Motors, Maruti Suzuki, Tata Consumer Products, and Bajaj Finance tumbled between 3.5 per cent and 5 per cent.
JSW Steel and ONGC were the only large-cap gainers today.
Meanwhile, in the broader markets, the Nifty MidCap index dropped 2.2 per cent and the Nifty SmallCap index skid 1.9 per cent. Fear gauge, India VIX, soared 9.4 per cent today.
Among sectors, all indices saw bloodbath led by the Nifty Realty (down 4.6 per cent), the Nifty Auto index (2.7 per cent), and Nifty Private Bank index (2.5 per cent).
3:54 PM
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
Stock Market Highlights LIVE Updates: FIIs redirection of funds adding pressure on Indian stocks
The domestic market took a sharp downturn following Iran’s launch of ballistic missiles at Israel, sparking fears of retaliation and escalation in war. This could potentially drive-up oil prices and lead to inflationary pressures.
Additionally, new SEBI regulations for the F&O segment have raised concerns about reduced trading volumes in the broader market. Lastly, with attractive valuations in China, FIIs have redirected their funds, adding pressure on Indian stocks.
Additionally, new SEBI regulations for the F&O segment have raised concerns about reduced trading volumes in the broader market. Lastly, with attractive valuations in China, FIIs have redirected their funds, adding pressure on Indian stocks.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
3:51 PM
(View by: Rupak De, Senior Technical Analyst, LKP Securities)
Stock Market Highlights LIVE Updates: Breach of 25,070 could see the Nifty decline towards 24,800
The Nifty has experienced a sharp correction, breaking below the support of a rising trendline on the daily timeframe, signaling a potential bearish trend reversal. Additionally, the index has slipped below the 20-day moving average (20DMA), intensifying concerns.
The daily RSI has also broken below its rising trendline, further suggesting the possibility of continued downside. Immediate support is located at 25,070, and a breach of this level could see the index decline towards 24,800. On the upside, resistance is positioned in the 25,500–25,550 zone.
The daily RSI has also broken below its rising trendline, further suggesting the possibility of continued downside. Immediate support is located at 25,070, and a breach of this level could see the index decline towards 24,800. On the upside, resistance is positioned in the 25,500–25,550 zone.
(View by: Rupak De, Senior Technical Analyst, LKP Securities)
3:48 PM
Stock Market Highlights LIVE Updates: Nifty Realty ends over 4% lower
Among sectors, Nifty Realty was clear loser ending the day 4.36 per cent lower and was followed by Nifty Auto slipping 2.88 per cent, Nifty Private Bank declining 2.61 per cent and Nifty Financial Services sliding 2.59 per cent.
3:43 PM
Stock Market Highlights LIVE Updates: Broader indices fall in line with benchmarks
The BSE MidCap ended 2.27 per cent lower, while the BSE SmallCap finished 1.84 per cent down.
3:41 PM
Stock Market Highlights LIVE Updates: JSW Steel, ONGC only gainers on NSE
On NSE, JSW Steel and ONGC ended the day in green, while the likes of BPCL, Shriram Finance and L&T fell up to 5 per cent.
3:39 PM
Stock Market Highlights LIVE Updates: 28 out of 30 stocks decline on Sensex
On the BSE Sensex, a total of 28 stocks ended in red out of 30 stocks. These included L&T, Reliance Industries and Axis Bank falling up to 4 per cent each among others.
3:35 PM
Stock Market Highlights LIVE Updates: Nifty falls over 500 points to 25,266
The NSE's Nifty 50 finished at 25,266, down 530 points, or 2.06 per cent on Thursday.
3:33 PM
Stock Market Highlights LIVE Updates: Sensex closes over 1,750 pts down
BSE Sensex closed at 82,497, down 1769 points or 2.10 per cent on Thursday.
3:29 PM
Stock market LIVE updates: Nifty Auto skids 3% as Sept passenger vehicle sales slow, CV sales fall
Sports Utility Vehicle (SUV) volume growth for Maruti Suzuki also slowed more than 4 per cent in September 2024. The company has been facing a slowdown in the segment since July 2024 due to the high base and increasing competition in the SUV category. READ MORE
3:24 PM
Stock market LIVE Updates: Nifty Auto skids 3% as Sept passenger vehicle sales slow, CV sales fall
Automobile stocks plunged in Thursday's trade with all 15 stocks in the Nifty Auto index falling up to 4.3 per cent intraday today. The index also slipped 2.7 per cent in trade after auto sales data for September revealed a slowdown in passenger vehicle (PV) sales and a decline in commercial vehicle (CV) sales volume.
At around 1:50 PM, the Nifty Auto index was down 2.73 per cent at 26,406.95. In comparison, the NSE Nifty index was down 2.04 per cent at 25,270.3 at around the same time. Read more
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First Published: Oct 03 2024 | 7:50 AM IST