Market Overview of Sujata Muguda for Business News for Profit Nov 28

Indian fairness markets tumbled sharply on Thursday, with benchmark indices BSE Sensex and NSE Nifty50 both declining over 1% on the month-to-month futures and options (F&O) expiry day. Weak worldwide cues and geopolitical tensions similarly dampened sentiment.

Key Market Movements

BSE Sensex: Plunged 1,190 points (-1.48%) to shut at 79,043.74. It traded between 80,447.40 and 78,918.92.
NSE Nifty50: Fell 360.75 points (-1.49%) to settle at 23,914.15, after buying and selling in the range of 24,345.75 to 23,873.35.

Factors Behind the Fall
Global Weakness: Geopolitical tensions intensified as Russia released massive-scale missile and drone assaults focused on Ukraine’s electricity infrastructure. Concerns grew over Moscow’s method to cripple Ukraine’s power supply beforehand of winter.
F&O Expiry Pressure: Monthly derivatives settlement added promoting strain, weighing closely on marketplace sentiment.

Sectoral & Stock Performance
Top Losers: Out of 50 Nifty50 parts, 46 ended in the crimson. Major laggards included SBI Life (-5.41%), Infosys, HDFC Life, Mahindra & Mahindra, and Adani Ports.
Top Gainers: Only 4 Nifty50 shares posted gains: Adani Enterprises (+1.63%), Shriram Finance, State Bank of India, and Cipla.

Broader Market Performance
Midcap & Smallcap Indices: Nifty Midcap100 and Nifty Smallcap100 controlled marginal gains of 0.05% each.

Sectoral Indices:
Worst-hit: Nifty IT (-2%), observed through Auto, Financials, Private Bank, Consumer Durables, and Healthcare.
Gainers: Nifty PSU Bank and Media indices closed better, up to 0.93%.

The day ended firmly in prefer of the bears, pushed by way of heightened geopolitical uncertainty and derivatives-associated selling strain.

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Disclaimer
The statistics furnished in this newsletter are for informational features and must no longer be construed as economic recommendations. The inventory marketplace is concerned with dangers, and beyond overall overall performance does not assure destiny outcomes. Always behavior thorough studies and are searching for advice from an authorized financial advertising representative earlier before making any investment selections.