Monday, September 30, 2024: Benchmark indices, BSE Sensex and NSE Nifty 50 started the week on a negative word, closing with over 1% decrease due to massive profit reserving across sectors. The 30-percentage Sensex tumbled by way of 1,272.07 points, or 1.49%, to end at 84,299.78, hitting an intra-day low of 84,257.14. The broader Nifty 50 also fell by way of 368.10 factors, or 1.41%, to shut at 25,810.85.
Bears dominated Monday’s session, with 41 out of 50 Nifty 50 shares finishing in the red. Hero MotoCorp, Reliance Industries (RIL), Axis Bank, and Bharat Electronics led the decline, with losses of up to 4.03%. However, JSW Steel, NTPC, Britannia Industries, Hindalco Industries, and Tata Steel had been most of the 9 Nifty 50 shares that controlled gains, rising to 2.79%.
In the BSE space, 25 of the 30 constituent shares closed in terrible territory. Axis Bank, RIL, ICICI Bank, and Mahindra & Mahindra had been the pinnacle laggards, losing up to a few.15%. Meanwhile, JSW Steel, NTPC, Tata Steel, Titan Company, and Asian Paints have been the simplest 5 Sensex shares that ended in the green.
Broader marketplace indices additionally confronted declines, with the Nifty Midcap hundred and Nifty Smallcap 100 falling with the aid of 0.38% and 0.32%, respectively. The India VIX worry index surged through 6.89% to 12.79, signaling heightened marketplace volatility.
Sectorally, car stocks were the worst performers, with the Nifty Auto index plunging 2%. Other sectors, such as Bank Nifty, Financial Services, PSU Bank, Private Bank, and Realty, also published losses of over 1%.
In evaluation, the Media and Metal indices bucked the overall trend, gaining 1.33% and 1.12%, respectively, making them the first-rate-performing sectors on Monday.
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Disclaimer: Stock marketplace investments are problem to marketplace dangers. The above document is for informational functions only and ought to no longer be taken into consideration as an investment recommendation. Investors are advised to behavior their very own research and consult financial professionals before making any investment choices.
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