Market Overview of Sujata Muguda for Business News for Profit Nov 21

On Thursday, November 21, 2024, the benchmark equity indices ended the trading session in bad territory. The BSE Sensex plunged 421.80 points, or 0.54%, to shut at 77,156.80. Throughout the day, the index traded from 76,802.73 to 77,711.11.

Similarly, the NSE Nifty50 dropped 168.80 points, or 0.72%, to settle at 23,349.90, after fluctuating among the 23,263.15 and 23,507.30 tiers.

Adani Group Stocks Take a Hit

Adani Group shares confronted sizeable losses, plummeting over 23% following information that Gautam Adani and other executives had been charged by US prosecutors for allegedly bribing Indian officers to the song of $250 million.

Market Performance

Out of the Nifty50’s 50 constituent stocks, 37 ended in the red. The largest losers blanketed Adani Enterprises, Adani Ports, SBI Life, State Bank of India, and NTPC, with losses of up to 23.44%.

On the other hand, thirteen constituent shares of Nifty50 ended in the inexperienced. Power Grid, UltraTech Cement, Hindalco, Apollo Hospitals, and Grasim noticed gains extending up to 3.25%.

Broader Market Indices

Among the broader markets, the Nifty Smallcap 100 and Nifty Midcap hundred indices fell using 0.30% and 0.46%, respectively. Meanwhile, India VIX, which gauges market volatility, extended with the aid of 2.09% to settle at 15.90 nine points.

Sectoral Indices

All sectoral indices ended inside the red, except for Nifty IT, Realty, and Private Bank. The pinnacle laggards had been Nifty PSU Bank, Media, and Metal, each falling using over 2%.

This precis offers an outline of the stock market’s overall performance on Thursday, November 21, 2024, highlighting the key moves and substantial activities that prompted the marketplace.

Look out for Business News For Profit’s market watch reviews for a deeper dive and professional perspectives on the market’s country. In the inventory market’s ever-evolving landscape, our commitment to providing accurate and well-timed statistics will hold manual investors in making knowledgeable choices.

Disclaimer
The facts provided in this text are for informational features and ought to no longer be construed as monetary advice. The inventory market is subject to risks, and beyond overall performance does no longer assure destiny consequences. Always behavior thorough studies and seek advice from a certified financial advertising representative in advance before making any funding selections.