September 5, 2024
New Delhi, India
Stock Market Today
Indian equity markets closed in the red on Thursday, September 5, with the Sensex falling by 151.48 points to end at 82,201.16, while the Nifty dropped 53.60 points, settling below the 25,150 mark at 25,145.10. Negative global cues and a sell-off in certain sectors led to a bearish market sentiment.
Key Market Highlights:
- Market Performance: The Sensex declined by 0.18%, and the Nifty fell by 0.21%. The broader market showed mixed performance, with 2,185 shares advancing, 1,585 shares declining, and 99 shares remaining unchanged.
- Top Gainers: Among the top gainers on the Nifty were Titan Company, LTIMindtree, Wipro, BPCL, and ITC, with gains of up to 3.11%. On the BSE, stocks like Titan, Infosys, ITC, and HCL Tech led the gains.
- Top Losers: On the losing side, Coal India, Britannia Industries, Cipla, Dr. Reddy’s Labs, and Reliance Industries dragged the Nifty, with losses of up to 1.46%. The Sensex saw declines in Reliance Industries, Tata Motors, Nestle India, and Bharti Airtel.
- Sectoral Performance: Sectoral analysis showed selling pressure in capital goods, power, oil & gas, and realty sectors. However, there was buying interest in metal, IT, telecom, and media stocks.
- Midcap and Smallcap Indices: The BSE midcap index gained 0.3%, while the smallcap index added 0.5%, indicating positive movement in the broader market segments.
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Market Sentiment:
The markets started the day on a positive note, driven by recovery in Asian markets after a significant decline in the previous session. However, as the day progressed, negative global sentiment and profit-booking in key sectors pulled the indices down.
A total of 33 out of 50 stocks in the Nifty50 ended in the red, while 21 out of 30 stocks on the Sensex also closed lower, indicating a broader negative trend across most segments.
The bearish sentiment prevailed in the Indian stock markets as global factors weighed heavily, and sectoral performance remained mixed. The gains in IT and select stocks provided some relief, but overall, the market ended in favor of the bears. Investors should monitor global economic indicators closely for future market direction.
Disclaimer:
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