Finance
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Monday’s trading session in the negative territory. The NSE Nifty 50 slid 218.85 points, or 0.87%, to 24,795.75, while the BSE Sensex dropped 638.46 points, or 0.78%, to 81,050. The broader indices closed in negative territory, with mind-cap and small-cap companies leading the decline. The Bank Nifty index fell 983.15 points, or 1.91%, to conclude at 50,478.90. IT companies outperformed the other sectors averages, while Media and Banking declined.
Market Updates:
The NSE Nifty 50 plunged 218.85 points or 0.87% to settle at 24,795.75, while the BSE Sensex fell 638.46 points or 0.78% to 81,050.
LTIMindtree emerged as the top gainer in the Nifty IT index, rising 2.22% during Monday’s session. Other notable gainers included Persistent Systems up 1.62%, Mphasis gaining 1.50%, L&T Technology Services (LTTS) advancing 1.09%, and Coforge up 0.97%.
At 3:05 PM, top gainers on the NSE included ITC up 1.58%, Bharti Airtel rising 1.43%, Bajaj Finance gaining 0.86%, followed by Cipla and Infosys with increases of 0.74% and 0.51%, respectively.
On the losing side, Adani Ports dropped 4.12%, followed by Coal India down 3.52%, NTPC falling 3.45%, ONGC down 3.34%, and Power Grid shedding 3.07%.
At 2:50 PM on Monday, the BSE saw a broad-based decline in market activity. Of the 4,042 stocks traded, 615 advanced while 3,300 declined, and 127 remained unchanged.
Despite the selloff, 151 stocks recorded new 52-week highs, while 114 touched 52-week lows. Additionally, 200 stocks were locked in the upper circuit, while 536 traded in the lower circuit. The overall sentiment remained negative as the market grappled with increased volatility.
The NIfty 50 was down 0.44% at 24,904 while the Sensex was down 0.28% at 81,460.
The NSE Nifty 50 opens up by 69.50 points or 0.28% at 25,084.10, while the BSE Sensex jumps 238.83 points or 0.29% to 81,927.29 in the opening trade.
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded unchanged at 102.49.
08:42 (IST) 7 Oct 2024
WTI crude prices are trading at $74.11 down by 0.36%, while Brent crude prices are trading at $77.66 down by 0.47%, on Monday morning.
Stocks rose on Friday after a higher-than-expectations jobs report gave investors confidence in the health of the economy. The S&P 500 rose 0.9% to 5,751.07, while the Nasdaq Composite jumped 1.22% to 18,137.85. The Dow Jones Industrial Average added 341.16 points, or 0.81%, to notch an all-time closing high of 42,352.75.
Source:FE
