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  • Big ups and downs in the Stock Market: After the fall, Sensex made a tremendous comeback of 550 points

    Big ups and downs in the Stock Market: After the fall, Sensex made a tremendous comeback of 550 points

    The stock market (Stock Market) took a dramatic turn on the first trading day of the week, Monday. BSE Sensex and NSE Nifty started in the red, with Sensex falling by 400 points as the market opened. However, after a brief period of decline, the stock market suddenly reversed, transforming the losses into gains.

    On one hand, the Sensex made a powerful comeback, leaping over 550 points to cross the 80,000 mark once again, while the Nifty also marked a remarkable return.

    Stock Market: Rapid Surge in Sensex-Nifty

    When the stock market opened on Monday, the Sensex started with a decline, dropping 400 points within minutes. However, by the time of this report, the 30-share Bombay Stock Exchange (BSE) Sensex was trading up by 558 points, reaching the level of 80,043.71. Meanwhile, the Nifty index of the National Stock Exchange (NSE) surged 170 points within the first hour and a half of trading, hitting 24,317.

    Stocks Supporting the Market

    Let’s look at the stocks that helped boost the market. In the BSE large-cap category, PowerGrid’s shares rose by 4.41%, Tata Motors by 2.83%, and TCS by 2%, all trading at a gain. Additionally, Tech Mahindra (1.63%), HDFC Bank shares (1.51%), and ICICI Bank (1.10%) also showed positive momentum.

    Strong Rally in Banking Stocks

    Banking stocks also played a significant role in supporting the market. Among other stocks in this category, HCL Tech, Infty, Maruti, NTPC, ITC, Bharti Airtel, and Ultratech Cement were all trading in the green. HDFC Bank and ICICI Bank, along with SBI, Axis Bank, Kotak Bank, and IndusInd Bank, saw approximately a 1% increase in share prices.

    Stock Market Banking
    Stock Market Banking

    Mid-cap and Small-cap Stocks on the Rise

    In the mid-cap category, Endurance shares surged by 6.73%, Biocon by 6.25%, Prestige by 3.66%, and MRF by 2.76%. Among small-cap companies, Pixtrans shares rose by 20%, VHL by 15.48%, ITI by 9.63%, and IFCI by 7%, all showing a strong upward trend.

    Sensex Plunged Last Week

    Looking back at last week’s market performance, the BSE benchmark index Sensex (Sensex) fell by 4,813 points within just five trading days. From a high of 84,200 on September 30, the index fell to 79,486 on November 8. NSE Nifty also struggled to recover, closing at 24,248.20 last Friday with a notable loss.

    Also Read This: Stock market crash on 4 November 2024: what happened?

  • Stock market crash on 4 November 2024: what happened?

    Stock market crash on 4 November 2024: what happened?

    Talking about sectors, decline continues in all sectors. A decline of 2.66 percent is being seen in the media sector and 2.47 percent in the oil and gas sector.

    Suddenly today there has been a big decline in the stock market. The stock market was under pressure during the beginning of trading, after which there has been a big fall in both Sensex and Nifty. Sensex had opened at 79,713.14, but has now fallen by 1409 points or 1.77 percent to 78,316. Similarly, Nifty was at 24,315.7 on Monday.

    Out of the top 30 shares of BSE Sensex, 28 shares were trading at a huge decline, while only 2 shares were seeing a rise. The highest rise in Mahindra shares is 2.39 percent. The biggest fall in Sun Pharma’s shares was 4 percent. Shares of the country’s largest company Reliance Industries.

    Stock market crash: Investors lost Rs 8.44 lakh crore 

    Today, Reliance Industries, Infosys, ICICI Bank, HDFC Bank and Sun Pharma have contributed significantly to the market decline. Due to which BSE market cap has decreased by Rs 8.44 lakh crore to Rs 439.66 lakh crore. 

    Huge decline in these sectors

    Talking about sectors, decline continues in all sectors. A decline of 2.66 percent is seen in the media sector and 2.47 percent in the oil and gas sector. After this, there is decline in finance, auto, bank and consumer sectors also. With the decline in all these sectors investors seem to be incurring huge losses. 

    Stock market crash
    Stock market crash

    Why did the stock market fall today? 

    1.Elections are going to be held in America on 5th November. Meanwhile, investors are worried about the economic implications of the tough contest between Kamala Harris and Donald Trump.  Due to which selling is being seen in the market. 

    2.The Federal Reserve meeting is on November 7. In such a situation, the policy meeting of the US Federal Reserve is also increasing apprehensions in the Indian market. 

    3.That comes after OPEC+ announced on Sunday it would postpone a planned December output increase by a month due to weak demand and rising supply outside the group. Due to this, there is a rise in the price of oil, due to which shares like RIL have fallen rapidly. 

    4.The results of many companies have been bad in the second quarter, which has spoiled the mood of investors. In such a situation, selling is being seen. 

    Also Read This: Reliance Industries shares surge after ex-bonus trading, contribute to Nifty rebound

    

    

    

    

    

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