Stock Market Live: Sensex Plummets Over 1,461 Points, Nifty Falls to 23,826

Stock Market Live Sensex Plummets

 The Indian stock market experienced a considerable downturn today, November 4, 2024, with the Sensex plunging over 1,461 points (1.83%) and the Nifty falling to 23,826 (2%).

This sharp decline was driven by a combination of global and domestic factors, including escalating geopolitical tensions in the Middle East, investor caution ahead of the Federal Reserve’s upcoming policy meeting, and profit booking following a recent rally.

Market Performance:

  • Sensex: Down 1,272 points (1.5%) to 84,299
  • Nifty: Down 356 points (1.4%) to 25,822

Sectoral Impact:

    • Realty: The real estate sector faced considerable selling pressure, with major players like DLF and Godrej Properties witnessing sharp declines.
    • Media: Media stocks also took a hit, with companies such as Zee Entertainment and Sun TV Network seeing substantial losses.
    • Oil & Gas: The oil and gas sector was among the worst affected, with Reliance Industries and ONGC leading the decline.
See Also:  Analyzing Tata Motors: Is the 9% Dip a Buying Opportunity After Q4 2024 Results?

Major Gainers: Jyti Structures up 3.22%, First Source 1.59%,

Global concerns

The Federal Reserve’s meeting is scheduled for November 6-7, 2024. This meeting is part of the Federal Open Market Committee’s (FOMC) regular schedule, where they review and set monetary policy.

The Fed has been adjusting interest rates throughout the year. In their last meeting in September, they cut the federal funds rate by half a percentage point. Market analysts are keenly watching for further rate cuts or changes in policy direction.

Trending Stock Prices

Here’s a chart of some trending stocks and their performance today:

Stock Price (INR) Change (%)
Reliance Industries 2,300 -3.5%
Infosys 1,450 -2.8%
ICICI Bank 900 -2.2%
HDFC Bank 1,600 -2.0%
Sun Pharma 950 -3.0%
DLF 450 -4.5%
Godrej Properties 1,200 -4.0%
Zee Entertainment 250 -3.8%
Sun TV Network 450 -3.6%
ONGC 180 -3.2%
See Also:  Global Markets Exhibit Calm as Investors Eye Upcoming Economic Data

 

writers
About William Johnson 327 Articles
Demystifying the world of finance is my mission. As a finance news writer with 7 years of experience, I've covered everything from breaking market news to in-depth analysis of industry trends. I'm here to keep you informed and empowered in your financial journey.

Be the first to comment

Leave a Reply

Your email address will not be published.