Breaking: Sensex Dips 150 Points to 82,350 Amid Market Turbulence; IT and PSB Surge, Auto Sector Struggles – Live Updates!
On Friday, October 4, 2024, the Indian stock market saw a volatile trading session with benchmark indices fluctuating between gains and losses. By 10 AM, the BSE Sensex had risen slightly by 0.13% to 82,601 points, while the Nifty 50 inched up 0.12% to 25,281 points. Despite this, more than half of the stocks on the BSE Sensex were down, with Bajaj Finance leading the declines at a drop of 2.52%. Conversely, TCS and IndusInd Bank led the gains.
In the Nifty 50, only JSW Steel and ONGC posted gains, while BPCL recorded the most significant loss at 3.11%. All sectoral indices except IT, which edged up 0.23%, were in the red, with Realty down 2.65%. Broader market indices like the BSE SmallCap and MidCap declined by 1.48% and 1.37%, respectively.
The previous trading day, October 3, witnessed substantial declines across the Indian markets due to rising geopolitical tensions between Iran and Israel, which spurred cautious sentiment among investors. The Sensex plunged by 1,769 points to close at 82,497, while the Nifty 50 dropped 2.12% to 25,250. Sectoral indices were hit hard, with Nifty Realty and Nifty Auto experiencing significant losses.
Globally, markets were mixed due to similar sentiments, with the Asia-Pacific indices mostly down and the US markets ending in the red after initially higher trading. Wall Street saw the Dow Jones, S&P 500, and Nasdaq Composite slipping amidst reports indicating softness in the labor market but strong service sector activity. In the backdrop, oil prices surged over 5% amid heightened Middle Eastern tensions, while the US dollar index climbed to a six-week high.
This series of events unfolded as investors awaited the nonfarm payrolls report due later on Friday, considered crucial in assessing further market directions.
Original Story https://www.business-standard.com/markets/news/stock-market-live-updates-today-october-4-sensex-nifty-nse-bse-hdfc-muthoot-fin-diffusion-ipo-124100400078_1.html
Category :
Tags:
