Finance
Share Market crash: Following a promising start, Indian markets fell for the sixth consecutive session on Thursday, November 14, due to negative global trends, a rise in the dollar index, a falling rupee, and continued foreign investor selling. The Sensex sank 266 points, or 0.34 percent, to the day’s low of 77,424.81, while the wider Nifty fell 116.25 points, or 0.5 percent, to 23,486.10.
Both benchmarks are more than 10% below their respective record highs set in September. Just in just six sessions, the indices have lost more than 4%.
In the previous session, November 13 Sensex settled 984.23 points lower at 77,690.95, while the wider Nifty closed 324.4 points lower at 23,559.05.
Broader markets, however, outperformed the benchmarks, with the Nifty Midcap and Nifty Smallcap indices gaining 0.55 percent and 0.85 percent, respectively.
Only 10 stocks in the Sensex pack were in the green, with the other twenty trading in the red. The greatest gainers were Kotak Bank, JSW Steel, M&M, Tech Mahindra, and Reliance Industries, while the biggest losers were HUL, ITC, Adani Ports, IndusInd Bank, and Titan.
Sectoral indexes were split in trading today, with Nifty Media rising the most, 1.5 percent, followed by Nifty Realty, which rose 0.86 percent. Nifty Auto, Nifty Metal, and Nifty Pharma all rose, with gains of 0.67 percent, 0.3 percent, and 0.1 percent. Meanwhile, Nifty FMCG was the leading decliner, down 0.67 percent, followed by Nifty Oil and Gas, which down 0.5 percent. Nifty Bank, Nifty Fin Services, and Nifty IT were all in the red.
Source:Mint
