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Market Crash Highlight: Benchmarks fall for 4th week; Sensex down 663 pts today, Nifty below 24,200

Share Market Crash Highlights, Oct 25: The benchmark indices were down for 4th straight week, their longest weekly losing streak since August 2023. The indices have shed over 7 per cent in this period

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Market, bear

Stock Market Crash Highlights, October 25: India stock market extended its bear run into fifth straight session on Friday as foreign investors' selling spree, underwhelming September quarter results, and valuation concerns hit sentiment. The benchmark indices were down for the fourth straight week, their longest weekly losing streak since August 2023. The Nifty50 and the Sensex indices have shed more than 7 per cent during this period.
 
Meanwhile, the BSE Sensex today tumbled 662.87 points, or 0.83 per cent, to end the session at 79,402.29 levels. The Nifty50, on the other hand, closed below the crucial level of 24,200 at 24,180.80, down 218.63 points or 0.9 per cent. 
 
20 of the 30 Sensex index constituents and 38 of the 50 Nifty index constituents bled today. The losses were led by IndusInd Bank (down 18.99 per cent), Adani Enterprises, Shriram Finance, BPCL, M&M, Coal India, L&T, NTPC, Adani Ports, Tata Consumer Products, and Bajaj Finance (2 per cent).
 
On the upside, ITC, Axis Bank, HUL, Britannia Industries, Sun Pharma, Kotak Bank, Bharat Electronics, and HCL Tech eked out tepid gains of up to 2.2 per cent. 
 
In the broader markets, the BSE MidCap index dropped 1.48 per cent and the BSE SmallCap 2.4 per cent today. Over the past seven days, the mid- and small-cap indices have declined close to 9 per cent and are approaching the 'correction' zone.
 
Markets today were firmly in the grip of bears as the BSE saw nearly 3,087 shares closing in the red zone as against 856 rising stocks. The market capitalsiation of all the BSE listed companies reached Rs 437.7 trillion. 
 
Among sectors, the Nifty Auto, Media, Metal, and PSU Bank indices slipped 2 per cent each. Defensive bets like the Nifty Pharma, and FMCG indices, on the flipside, gained up to 0.88 per cent. 
4:05 PM

Stock Market Highlights LIVE Updates: Market selloff led by subdued earnings, continuous selloff by FIIs

Indian benchmark indices saw a sharp decline on Friday, with the Nifty50 dropping over 300 points and the Sensex falling around 900 points. This market selloff was primarily driven by disappointing quarterly earnings, continuous selloff from foreign investors and a notable breach of the key 100-day EMA in both indices.


The decline below the 100-day EMA, observed a few days prior, intensified the selloff, triggering short-term traders to exit their positions. Additionally, several key oscillators began to signal bearish divergence, suggesting mounting technical headwinds. We cannot rule out the possibilities of further price corrections in the near term.  


(View by: Vishnu Kant Upadhyay, AVP - Research and Advisory at Master Capital Services Ltd.)


3:52 PM

Stock Market Highlights LIVE Updates: A decisive break below 24,000 could worsen Nifty50's outlook

Markets resumed their downtrend after a two-day pause, shedding nearly 1 per cent. Following a flat opening, Nifty gradually declined throughout the session, although a slight bounce in the last hour helped trim some losses. Ultimately, it closed at 24,180, down by 0.90 per cent. Key sectors such as metals, autos, and energy were among the hardest hit, with broader indices also declining by almost 2 per cent each.
 
The index’s movement reflects that bears are still in control, and a decisive break below 24,000 could worsen the outlook. In the event of a rebound, 24,500 will now serve as a strong resistance level. Traders should maintain a “sell on rise” strategy, as most sectors and broader indices remain under pressure. Focus should remain on earnings and Foreign Institutional Investor (FII) flows for further cues.

(View by: Ajit Mishra – SVP, Research, Religare Broking Ltd.)
3:44 PM

Stock Market Highlights LIVE Updates: IndusInd Bank, Adani Ent, BPCL fall on NSE

IndusInd Bank remained the top loser on NSE, falling 19 per cent, followed by Adani Enterprises, and BPCL.
3:42 PM

Stock Market Highlights LIVE Updates: Nifty Media, Metal, PSU Bank, Auto bleed among sectors

Among sectors, Nifty Metal fell the most, slipping 2.42 per cent, followed by Nifty Media, Nifty PSU Bank and Nifty Auto. 
3:39 PM

Stock Market Highlights LIVE Updates: BSE SmallCap index down over 2%

The BSE SmallCap index closed 2.44 per cent lower, while BSE MidCap index finished 1.48 per cent down.
3:34 PM

Stock Market Highlights LIVE Updates: Heatmap check

On the BSE Sensex, ITC, Axis Bank and HUL were among the top gainers while IndusInd Bank was the top loser falling around 19 per cent. 
3:34 PM

Stock Market Highlights LIVE Updates: Nifty ends below 24,200

NSE's Nifty50 fell 218.63 points or 0.9 per cent to close at 24,180.80 on Friday.
 
3:32 PM

Stock Market Highlights LIVE Updates: Sensex ends over 650 pts

The BSE Sensex settled at 79,402 level on Friday, down 662 points or 0.83 per cent.
3:26 PM

Stock Market LIVE Updates: JSW Steel Q2 results: Net profit plunges over 85% to Rs 404 crore

Steelmaker JSW Steel on Friday reported a steep fall of 85.43 per cent in its consolidated net profit at Rs 404 crore in the July-September quarter of the current fiscal, affected by lower income.
 
The company had posted a net profit of Rs 2,773 crore in the second quarter of the last financial year.
 
The total income decreased to Rs 39,837 crore in the second quarter of the current fiscal as against Rs 44,821 crore a year ago, JSW Steel said in a regulatory filing. Read more
3:13 PM

Stock Market LIVE Updates: Bandhan, IDFC First, RBL, CSB Bank among 19 financial stocks at 52-week low

IndusInd Bank, Bandhan Bank, IDFC First Bank, CSB Bank, RBL Bank and Ujjivan Small Finance Bank were among 19 stocks from the BSE Financial Services index to hit their respective 52-week low on the BSE in Friday’s intra-day trade amid a sharp fall in equities. Capital Small Finance Bank, ESAF Small Finance Bank, Fedbank Financial Services and Fusion Finance hit an all-time low. Read more
3:02 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex was down 698 points, or 0.87 per cent, at 79,366, while the Nifty 50 was at 24,135.25, down 264.15 points, or 1.08 per cent.
2:58 PM

Stock Market LIVE Updates: Samvat 2081 - Diwali picks from Kotak Sec, HDFC Sec, Nirmal Bang, JM Fin

Stock Market LIVE Updates: Samvat 2080 has been a year of constant fresh highs for the key benchmarks BSE Sensex and NSE’s Nifty50, as both created many fresh lifetime highs during the year, buoyed by a resilient and one of the fastest growing emerging economies, steady earnings, a rate cut by the US Federal Reserve and a strong splurge of domestic flows. READ MORE
 
2:47 PM

Stock Market LIVE Updates: DCB Bank share zooms 10% after Q2FY25 profit climbs over 22% YoY

Stock Market LIVE Updates: Shares of private bank DCB Bank surged up to 9.75 per cent to hit an intraday high of Rs 121 per share on Friday, October 25, 2024.

The surge in DCB Bank share price came after the lender reported a strong set of quarterly results (Q2FY25) on Thursday, October 24, 2024. READ MORE
 
 
2:32 PM

Stock Market LIVE Updates: Godrej Consumer gains 5% post Q2FY25 results; profit rises 13% YoY

Stock Market LIVE Updates: FMCG major Godrej Consumer Products shares jumped 4.89 per cent at Rs 1,315.95 per share on the BSE. This came after the company reported its quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25). READ MORE 

2:27 PM

Stock Market LIVE Updates: Deepak Builders IPO: GMP indicates double digit listing gains for investors

Stock Market LIVE Updates: The grey market premium for the Deepak Builders & Engineers IPO remains intact ahead of their market debut scheduled for Monday, October 28, 2024. The unlisted shares of Deepak Builders were trading at a premium of around Rs 50, translating to a GMP of 24.63 per cent from the upper end of the IPO price of Rs 203, as revealed by sources tracking grey market activities.  The allotment for Deepak Builders IPO was finalised yesterday, October 24, with shares issued at Rs 203 apiece. READ MORE

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First Published: Oct 25 2024 | 7:54 AM IST

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