Stock Market Crash Highlights, Sept 30: Sensex sheds 1,272pts, Nifty ends near 25,800; RIL slumps 3%

Stock Market Crash: Indian equity benchmark indices settled in the red on Monday, tracking mixed cues from major global markets.

Stock Market Crash Highlights, Monday, September 30, 2024: Benchmark equity indices, BSE Sensex and NSE Nifty 50, ended the week's first trading session in negative territory with a fall of over 1 per cent each, led by massive profit booking across counters.

The 30-share Sensex shed 1272.07 points or 1.49 per cent to settle at 84,299.78. The index hit an intra-day low of 84,257.14.

The broader Nifty 50 also ended down 368.10 points or 1.41 per cent at 25,810.85 on Monday.

Monday ended in favor of the bears, as 41 out of the 50 constituent stocks of the Nifty50 ended in the red, dragged down by Hero MotoCorp, RIL, Axis Bank, and Bharat Electronics, which fell up to 4.03 per cent. On the other hand, JSW Steel, NTPC, Britannia Industries, Hindalco Industries, and Tata Steel were among the 9 constituent stocks of the Nifty50 that eked out gains of up to 2.79 per cent.

Similarly, in the BSE space, 25 out of 30 constituent stocks of the Sensex ended in the red, with Axis Bank, RIL, ICICI Bank, and Mahindra & Mahindra being the top laggards with losses of up to 3.15 per cent. Meanwhile, JSW Steel, NTPC, Tata Steel, Titan Company, and Asian Paints were the only five constituent stocks of the Sensex that ended in the green on Monday.

Broader indices ended in the red, with Nifty Midcap 100 and Nifty Smallcap 100 declining 0.38 per cent and 0.32 per cent, respectively.

The fear index, India VIX, surged 6.89 per cent to 12.79 points.

Auto stocks were the worst hit among sectors, with the Nifty Auto index plummeting 2 per cent. Bank Nifty, Financial Services, PSU Bank, Private Bank, and Realty indices also fell over 1 per cent each.
 

Notably, Media and Metal indices defied the trend, ending in the green with gains of 1.33 per cent and 1.12 per cent, respectively.