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Indian equity indices, including Sensex and Nifty, plunged over 1,100 and 350 points respectively, driven by a strong US jobs report that dampened rate cut expectations and concerns over slowing earnings. The market capitalization of listed companies fell by Rs 14.54 lakh crore, with significant declines across all major sectoral indices. Key factors include rising US Treasury yields, continued foreign institutional investor selling, surging oil prices, a depreciating rupee, and a projected slowdown in India's GDP growth.
The S&P BSE Sensex plummeted 1,165.74 points to 78,057.37, while the NSE Nifty50 fell 366.85 points to 23,637.90, driven by a significant sell-off in the PSU banking sector and concerns over HMPV cases in India. All sectoral indices were in the red, with Nifty PSU Bank declining 3.63% and Nifty Metal dropping 2.98%. Market volatility surged, influenced by unfavorable external macro conditions, including a strong dollar and rising US bond yields, while resilient domestic demand may provide some support.
The S&P BSE Sensex plummeted nearly 1,000 points, hitting an intra-day low of 80,941.61, amid investor caution ahead of the US Federal Reserve's upcoming meeting. Key factors included a widening trade deficit of $37.8 billion and poor performance from heavyweight stocks like Reliance Industries and HDFC Bank. Despite the overall decline, midcap and smallcap stocks showed slightly better resilience, with only minor losses.
The stock market faced a significant downturn, with the BSE Sensex dropping over 1,000 points and the Nifty 50 declining by 1.4%. Key factors included investor caution ahead of the US Federal Reserve's meeting, fears of foreign institutional investor selling due to China's budget deficit plans, and weak global market cues. Among the major losers were HDFC Bank, Reliance Industries, and TCS, while only ITC and Hindustan Unilever showed gains in the Sensex.
Nifty and Sensex traded flat on December 6 as the RBI maintained the repo rate at 6.5% for the eleventh consecutive time, while cutting the CRR by 50 basis points to inject Rs 1.16 lakh crore into the system. PSU banks, auto, and FMCG stocks gained, with Bajaj Auto, Axis Bank, Titan Company, BPCL, and ITC leading the Nifty's top gainers. The market showed resilience amid a choppy session, with 2,076 shares advancing against 1,289 declining.
The Sensex surged 721.31 points to 79,765.05, while the Nifty rose 208.50 points to 24,122.70, driven by gains in auto, pharma, energy, and infrastructure stocks. However, PSU banks faced declines amid perplexing volatility in foreign institutional investor activity, with a significant sell-off of Rs 11,756 crores noted recently. Investors are advised to remain cautious as stock-specific actions are anticipated following the inclusion of 45 new stocks in the F&O list.
Indian benchmark indices Nifty and Sensex showed a lukewarm performance on November 27, fluctuating in a narrow range amid losses in realty and pharma sectors. The Sensex rose by 35.28 points to 80,039.34, while the Nifty increased by 5.20 points to 24,199.70, with more shares advancing than declining. Analysts suggest that the markets are likely to consolidate at current levels, with foreign institutional investors shifting from selling to marginal buying, despite concerns over potential tariffs proposed by Donald Trump.
Nifty and Sensex closed strongly, buoyed by the BJP-led Mahayuti Alliance victory in Maharashtra, despite some intraday gains being pared. The Sensex rose by 992.74 points to 80,109.85, while the Nifty increased by 314.60 points to 24,221.90, with broad-based gains across sectors. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, highlighted the positive political message from the election for the market.
Markets surged mid-day, with the Sensex climbing 1,025.48 points to 78,181.27 and the Nifty gaining 324.90 points to 23,674.80, driven by strong performances in realty, banking, and IT sectors. Despite challenges like the Russia-Ukraine war and a prolonged selling streak by FIIs, the overall market sentiment remains positive, reflecting a correction rather than a crash.
Vk Vijayakumar
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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