Finance
Stock Market Today: The Indian stock market benchmark indices, the Sensex and Nifty 50, closed in the red on Tuesday, November 12, 2024. The Sensex fell 820.97 points on Thursday, closing at 78,675.18. The Nifty50 index fell 257.85 points to close at 23,883.45 points.
Foreign investors withdrew a significant Rs 23,911 crore from Indian equities in November, as of now. These investors withdrew Rs 94,017 crore from the Indian share market in October 2024.
Mid and small-cap stocks faced similar pressure, with the Nifty Midcap 100 index falling by 1.07%, closing at 55,257 points. The Nifty Smallcap 100 index also tumbled by 1.28%, settling at 17,991 points.
Among the sectoral indices, Nifty PSE was the hardest hit, falling by 2.41%, followed by Nifty Auto, which dropped nearly 2%. Nifty PSU Bank also saw a significant decline, shedding 1.92%, while Nifty FMCG, Nifty Metal, Nifty Energy, and Nifty Consumer Durables all closed with losses of up to 1.5%.
With the exception of Nifty IT, which ended flat, all major sectoral indices finished in negative territory.
Last week’s market attitude was heavily influenced by two key events: Donald Trump’s overwhelming victory in the US Presidential election, and the US Federal Reserve’s decision to decrease interest rates by 25 basis points.
Sensex gainers on Tuesday were Infosys, Sunpharma, ICICI Bank, TCS, and Reliance Industries, while all others, including Maruti Suzuki, Tata Motors, Indusind Bank, and Nestle India were among the losers.
