Market Overview of Sujata Muguda for Business News for Profit Oct 4

Stock Market Highlights, Friday, October 4, 2024: BSE Sensex and NSE Nifty50 End in Red, Down Nearly 1%

The benchmark equity indices, BSE Sensex and NSE Nifty50, closed the very last buying and selling session of the week in poor territory on Friday, with each indices losing close to 1% due to considerable promoting stress across sectors.

The BSE Sensex declined by using 808. 65 points, or 0.98%, to settle at 81,688.45. Throughout the day, the index fluctuated within the variety of 81,532.68 to 83,368.32.

Similarly, the NSE Nifty50 fell by 235.50 points, or 0.93%, ending the session at 25,014.60. The index moved between 24,966.80 and 25,485.05 throughout the day.

Friday’s session favored the bears, with 37 out of the 50 constituent shares of the Nifty50 last within the red. Mahindra & Mahindra, Bajaj Finance, Nestle India, BPCL, and Hero MotoCorp were among the largest losers, with their shares falling through as tons as 3.54%. On the other hand, Infosys, ONGC, HDFC Life Insurance, Tata Motors, and Wipro have been a few of the 13 shares that controlled to live in the green, posting profits of up to 1.51%.

In addition, the volatility index, India VIX, surged 7.27% to close at 14.13 factors, signaling heightened market anxiety.

Broader market indices additionally finished decrease, with the Nifty Midcap a thousand and Nifty Smallcap 100 declining through 1.01% and 0.90, respectively.

Sectors that took the toughest hit covered FMCG, Auto, Media, Realty, and Oil Marketing Companies (OMCs), all of which recorded losses of over 1%. The Nifty Media index, mainly, plummeted by 2.53%, main the decline.

However, now not all sectors face a downturn. The IT and PSU Bank indices bucked the trend, ending the day with modest profits of 0.45% and zero.61%, respectively.

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Disclaimer: Stock marketplace investments are the problem of 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.