Stock Market Close Highlights: Sensex sheds 836pts; Nifty ends below 24,200; all sectors end in red
Share Market Highlights: Apollo Hospitals, HDFC Life, SBI, and TCS were the only four Nifty50 constituent stocks to manage to settle in the green on Thursday
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Bears took control on D-Street as 46 out of 50 constituent stocks of the NSE Nifty50 ended in the red, dragged down by Hindalco, Trent, Grasim, Shriram Finance, and Adani Enterprises with losses extending up to 8.42 per cent.
Stock Market Highlights, Thursday, November 7, 2024: Benchmark equity indices, the BSE Sensex and NSE Nifty, retreated from yesterday's closing, and ended lower by over 1 per cent each ahead of the US Federal Reserve's monetary policy rate decision announcement scheduled for later today. Notably, this will be Fed Chair Jerome Powell's first address following media reports suggesting that former President Donald Trump emerged victorious in the 47th presidential election results.
At close, the BSE Sensex was down by 836.34 points, or 1.04 per cent, at 79,541.79, while the Nifty 50 was at 24,199.35, declining by 284.67 points, or 1.16 per cent.
Bears took control on D-Street as 46 out of 50 constituent stocks of the NSE Nifty50 ended in the red, dragged down by Hindalco, Trent, Grasim, Shriram Finance, and Adani Enterprises with losses extending up to 8.42 per cent. Apollo Hospitals, HDFC Life, State Bank of India, and Tata Consultancy Services (TCS) were the only four Nifty50 constituent stocks to manage to settle in the green on Thursday.
The broader markets settled in the red, with Nifty Midcap100 and Nifty Smallcap100 falling 0.43 per cent and 0.75 per cent, respectively.
Among sectoral markets, the Nifty Metal index was the top laggard, declining 2.73 per cent. Besides, Auto, Pharma, Realty, and select Healthcare indices dropped over 1 per cent each. Meanwhile, the Nifty PSU Bank index ended flat on Thursday.
3:58 PM
Stock Market Highlights LIVE Updates: Investors restricted their equity bets ahead of the US Fed's policy
Markets failed to capitalise on its firm start, as selling pressure resumed after yesterday's breather. The fall can be attributed to continuing foreign fund outflows after the rupee slumped to fresh lows following strength in the US dollar.
Investors restricted their equity bets ahead of the US Fed's policy announcement as they are unsure of the rate cut this time on concerns of a likely uptick in inflation.
(View by: Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd)
Investors restricted their equity bets ahead of the US Fed's policy announcement as they are unsure of the rate cut this time on concerns of a likely uptick in inflation.
(View by: Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd)
3:55 PM
(View by: Rupak De, Senior Technical Analyst, LKP Securities.)
Stock Market Highlights LIVE Updates: Sentiment may worsen if Nifty decisively sustains below 24,200
The Nifty slipped sharply as the index failed to move beyond the 21 EMA, leading to significant profit booking in the market. On the daily chart, a bearish engulfing pattern has formed, indicating weak market sentiment. This sentiment may worsen if the Nifty decisively sustains below 24,200. On the higher end, the 24,500-24,550 range may act as resistance.
(View by: Rupak De, Senior Technical Analyst, LKP Securities.)
3:46 PM
Stock Market Highlights LIVE Updates: Nifty Metal, Pharma, Auto bleed
Among sectors, Nifty Metal, Nifty Pharma and Nifty Auto led losses on Thursday.
3:43 PM
Stock Market Highlights LIVE Updates: Broader markets fall
The broader markets fell in line with benchmarks, with BSE MidCap index falling 0.67 per cent, while BSE SmallCap index slipping 0.44 per cent.
3:40 PM
Stock Market Highlights LIVE Updates: Apollo Hospitals, SBI gain on NSE
Apollo Hospitals was the top gainer on BSE, surging over 6 per cent in otherwise a weak market.
3:37 PM
Stock Market Highlights LIVE Updates: 29 out of 30 stocks end in red on Sensex
Tech Mahindra, Tata Motors and Ultratech Cement were the top losers on BSE Sensex.
3:34 PM
Stock Market Highlights LIVE Updates: Nifty50 closes below 24,200
NSE's Nifty50 settled at 24,199 level, down 284 points 1.16 per cent on Thursday.
3:32 PM
Stock Market Highlights LIVE Updates: Sensex ends over 800 pts down
The BSE Sensex closed 836 points down or 1.04 per cent at 79,541 level.
3:21 PM
Stock Market LIVE updates: Endurance Technologies shares jump 6% on healthy Q2FY25 results; details
Shares of Endurance Technologies jumped 6.41 per cent to a day's high of Rs 2,533.20 on the NSE during intra-day deals, in an otherwise weak market on Thursday.
The northward movement in the company’s stock price came on the back of company's strong financial results for the second quarter of FY25, reported on November 6, 2024, after market hours. Read more
3:09 PM
Stock Market LIVE updates: SBI stock hits 3-month high ahead of Q2 results; gains 10% in 2 weeks
Shares of State Bank of India (SBI) moved higher by nearly 1 per cent to Rs 862.45, hitting an over 3-month high on the BSE in Thursday’s intra-day trade in an otherwise weak market ahead of its financial results for the second quarter ended September 2024 (Q2FY25). Read more
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First Published: Nov 07 2024 | 8:00 AM IST