Sensex sheds over 900 points, all eyes on US election and Fed data
Updated: Nov 4th, 2024
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| Source: IANS |
Sensex shed more than 900 points on Monday, as both Sensex and Nifty saw a decline of more than 1% each, amid uncertainty over the results of the US presidential election and the Federal Reserve’s monetary policy meeting this week.
There was some recovery in the market at the end of trading after the Sensex tanked more than 1,300 points in the morning trade.
The BSE Sensex closed down 941.88 points or 1.18%. On the other hand, the NSE Nifty closed at 23,995.35 after falling 309 points or 1.2%.
Mid and small cap indices also fell by 2%. Nifty Bank fell 458.65 points or 0.89% to 51,215.25. The Nifty Midcap 100 index closed at 55,784.55 after falling 711.50 points or 1.26% at the end of trading. The Nifty Small cap 100 index closed at 18,424.65 after rising 370.25 points or 1.97%.
There was heavy selling in the realty, energy, media, infra and commodities sectors of Nifty. At the same time, auto, financial services, FMCG and metal sectors also remained in the red with a decline of 1%.
The market trend remained negative. On the Bombay Stock Exchange (BSE), 1,357 stocks were trading in the green, 2,705 stocks in the red. At the same time, there was no change in 137 shares.
Reliance, Sun Pharma, Bajaj Finserv, NTPC, Tata Motors, Axis Bank, Titan, Power Grid, Tata Steel and Bharti Airtel were the top losers in the Sensex pack. On the other hand, M&M, Tech Mahindra, SBI, HCL Tech, Infosys and IndusInd Bank were the top gainers.
The market cap of Bombay Stock Exchange (BSE) fell by nearly ₹6 lakh crore to ₹442 lakh crore due to the decline.
The US Federal Reserve's policy announcement will be on November 7.
(This story was taken from a syndicated feed, and edited only for style by Gujarat Samachar Digital staff)
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