Sensex settles 573 points lower, Nifty below 24,800; Adani Ports falls 3%
The S&P BSE Sensex was down by 573.38 points to end at 81,118.60, while the NSE Nifty50 lost 169.60 points to close at 24,718.60.Â
The Sensex (Stock Exchange Sensitive Index) is the benchmark stock index of the Bombay Stock Exchange (BSE) in India. It represents the 30 largest and most actively traded companies listed on the BSE, spanning diverse sectors such as finance, IT, energy, and consumer goods. These companies are selected based on their market capitalization, liquidity, and sector representation, making the Sensex a key indicator of India's stock market performance.
Established in 1986, the Sensex serves as a barometer of investor sentiment and economic conditions in India. It is calculated using the free-float market capitalization method, which adjusts the weight of a stock based on the proportion of shares available for public trading.
Movements in the Sensex are influenced by factors like corporate earnings, government policies, global market trends, inflation, interest rates, and geopolitical events. A rising Sensex signals investor confidence and economic growth, whereas a decline may indicate market concerns.
The S&P BSE Sensex was down by 573.38 points to end at 81,118.60, while the NSE Nifty50 lost 169.60 points to close at 24,718.60.Â
The S&P BSE Sensex tanked 838.78 points to 80,853.20, while the NSE Nifty50 lost 252.80 points to 24,635.40 as of 9:25 am.Â
Shares of several Tata Group companies, such as Tata Motors, Tata Steel and Tata Chemicals, are expected to remain in the spotlight after the crash of Air India flight AI171 in Ahmedabad shortly after takeoff.
The BSE Sensex was down 1121.35 points to 80,570.63 at 9:16 am, while the NSE Nifty50 tumbled 334.65 points to trade at 24,553.55.
The situation in the Middle East has affected global investor sentiment. Oil prices also jumped on fears that the strikes could affect supply from the region, which is known for producing large amounts of oil.
The S&P BSE Sensex was down by 823.16 points to close at 81,691.98, while the NSE Nifty50 fell by 253.20 points to settle at 24,888.20.
Stock market today: The fall occurred despite markets erasing early losses as the S&P BSE Sensex fell by 911 points to 81,603.95 and the NSE Nifty50 lost 288.75 points to 24,854.45 by 2:29 pm.
The S&P BSE Sensex was up by 89.24 points to 82,604.38, while the NSE Nifty50 added 31.45 points to 25,163.80 as of 9:27 am.Â
As of 8:34 am, Gift Nifty futures were trading at 25,236.5, suggesting that the Nifty 50 index will open close to Wednesday’s closing level of 25,141.4.Â
The Sensex and Nifty closed higher after a rangebound session on Wednesday. While gains in IT stocks supported the indices, profit booking and the absence of strong triggers limited the overall rise.
The S&P BSE Sensex added 123.42 points to end at 82,515.14, while the NSE Nifty gained 37.15 points to close at 25,141.40.Â
The S&P BSE Sensex gained 104.24 points to 82,495.96, while the NSE Nifty50 added 36.70 points to 25,140.95 as of 9:31 am.
Stock markets started Monday’s trading with a strong rally, driven by the India-Pakistan ceasefire agreement, which eased investor concerns.
Stock market benchmark indices surged on Tuesday as trading resumed following a long weekend, with auto sector stocks leading the gains.
Indian markets plunged sharply, with Sensex down nearly 4,000 points and Nifty below 21,750, amid global recession fears. Foreign outflows, sector-wide losses, and wealth erosion marked a turbulent start to the week.
Indian markets plunged sharply, with Sensex down nearly 4,000 points and Nifty below 21,750, amid global recession fears. Foreign outflows, sector-wide losses, and wealth erosion marked a turbulent start to the week.
The Waqf Amendment Act faces legal scrutiny in the Supreme Court, with petitions claiming it breaches religious rights. Globally, US tariffs have triggered market falls and trade tensions. India seeks a US investment treaty amidst uncertainty.
The Dalal Street market opened on a positive note, with Sensex and Nifty starting in the green. However, the early gains were short-lived as both indices quickly reversed direction, slipping into the red within the first hour of trading.
Adani's stocks rose after Mahayuti's Maharashtra win, boosting the Sensex by 1,300 points. Energy stocks attracted investors.
Despite rising geopolitical tensions in the Middle East, stock market indices hit fresh highs on Tuesday. Meanwhile, a nursing student in Tamil Nadu was allegedly abducted and sexually assaulted, police said.
A Public Interest Litigation (PIL) has been filed in the Supreme Court, seeking the constitution of a high-level committee under the supervision of a retired Supreme Court judge to probe the stampede incident at a satsang in Hathras, which has so far claimed 121 lives. In other news, benchmark stock market indices hit fresh record highs as the trading session opened on Wednesday, backed by gains in heavyweight stocks such as HDFC Bank. The S&P BSE Sensex crossed the 80,000 mark for the first time, while the NSE Nifty50 hit a record high of 24,292.15. At around 9:22 am, the Sensex was up 498.51 points at 79,939.96 and the Nifty gained 134.80 points to trade at 24,258.65.
The big focus of this episode of Newstrack on Modi 3.0, which unlike the last two times, is dependent on its allies to stay in power.
On News Today, the Modi 3.0 NDA Sarkar has been finalised, with key players such as Amit Shah, Rajnath Singh, Nirmala Sitharaman, and Jai Shankar retaining their ministries. The Sensex has surpassed 77,000 for the first time ever, opening at a record high in early trade. Meanwhile, JDS Neta Prajwal Rewana faces serious allegations of rape and has been sent to 14-day judicial custody in the Karnataka probe.
The BJP-led National Democratic Alliance (NDA) and the Opposition INDIA bloc have planned marathon meetings in Delhi today to discuss the formation of a new government at the Centre following the completion of the 2024 Lok Sabha elections.