November 12, 2024
New Delhi, India
Stock Market Live Updates
The Indian stock market closed in deep red on Tuesday as both the Sensex and Nifty ended with significant losses. The Sensex tumbled by 821 points to settle at 78,675, while the Nifty declined 257 points, closing at 23,883.
Key Highlights:
- Top Losers: Britannia Industries, HDFC Bank, NTPC, Asian Paints, and Bharat Electronics dragged the Nifty down.
- Top Gainers: Trent, HCL Technologies, Sun Pharma, Infosys, and Reliance Industries showed resilience amid the sell-off.
Sectoral Performance:
- Broad Decline: All major sectoral indices closed in the red.
- Top Drags: Auto, Banking, FMCG, Capital Goods, Metal, Oil & Gas.
- Decline Range: Sectors fell between 0.5% and 2%.
- Small and Midcap Performance: BSE Midcap and Smallcap indices dropped by 1% each.
Market Sentiment:
- Earnings and Outflows: Persistent weak earnings reports and foreign fund outflows weighed heavily on investor sentiment.
- Volatile Session: The indices showed initial gains but reversed trend as banking and auto stocks led the decline.
Outlook:
As the Q2 earnings season wraps up, analysts expect market direction to be influenced by foreign fund flows and ongoing volatility. The focus now shifts to macroeconomic data and global market cues.
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