look news india
Mumbai: Many investors were 'injured' in Indian stock markets today amid fears of war between the two countries as a result of Iran's 180 missile attack on Israel on Tuesday. Stocks fell today on the possibility of a war-like rise in crude oil prices and the risk of huge economic losses due to disruption in India's import-export trade with the world and signs of foreign funds diverting towards China. Result of China's continued stimulus package. With Sensex falling 1832 points intra-day and Nifty 50 spot falling 566 points, investors' wealth worth Rs 11 lakh crore was wiped out in intra-day stocks. The frenzy of record bullishness in the Indian markets was beginning to subside and rumors of recession were beginning to spread.
Sensex fell 1833, Nifty 566 points intra-day.
The Sensex opened at 83002.09, up 1264.20 points, as Reliance Industries, Larsen & Toubro, Tata Motors, Maruti Suzuki, Axis Bank, Bajaj Twins Finance and Finserv took a hit, halving the initial fall from 650 to 700 points. But in the last hours, as the fall in the shares increased again and the shares started falling on their own, at one time it fell by 1832.27 points to 82434.02 and finally by 1769.19 points to close at 82497.10. While Nifty 50 spot index gap opened with a fall of 344.05 at 25452.85 and at one time fell 566.60 points to 25230.30 and finally fell 546.80 points to close at 25250.10.
Loss in 29 Sensex stocks
Out of 30 Sensex stocks, 29 stocks declined today. In which Larsen & Toubro fell by Rs 152.70 to Rs 3498.80, Axis Bank fell by Rs 50.45 to Rs 1175.45, Tata Motors fell by Rs 39.35 to Rs 926, Reliance Industries fell by Rs 114.55 to Rs 2815.25. Maruti Suzuki fell by Rs 513.55 to Rs 12,653.45, Asian Paints fell by Rs 127 to Rs 3150.20, Bajaj Finance fell by Rs 269 to Rs 7433.30, HDFC Bank fell by Rs 44 to Rs 1682.15, HCL Technology fell by Rs 41.40. Rs 1773.55, TCS Rs 51.40 Declined to Rs 4234.90, Tech Mahindra fell by Rs 20.75 to Rs 1605.
Banking shares fell
Big selling was also seen in financial services, other banking stocks today. Bajaj Finance fell by Rs 269 to Rs 7433.30, Bajaj Finserv fell by Rs 61.35 to Rs 1913.20, JM Financial fell by Rs 10.35 to Rs 143.90, Edelweiss fell by Rs 7.75 to Rs 132.90. Nuwama fell by Rs 357.15 to Rs 6168.05, PFC fell by Rs 26.25 to Rs 467.90, Kfintech fell by Rs 57.50 to Rs 1078.85, Avas fell by Rs 66.90 to Rs 1782.05, SMC Global fell by Rs 6.65 to close at Rs 148.30. BSE Bankex index fell 1338.43 points to close at 58761.57.
Fall in oil-gas stocks
In the wake of the Iran–Israel war, there were fears of a steep decline in India's imports of crude oil, petroleum gas and oil-gas reserves. HPCL fell by Rs 29.25 to Rs 415.45, Oil India fell by Rs 30.40 to Rs 538.85, BPCL fell by Rs 18.85 to Rs 349.15, Indian Oil Corporation fell by Rs 7.65 to Rs 171.25. BSE Oil-Gas Index fell 796.68 points to close at 30814.06.
crack in auto index
There was turmoil in the shares of automobile companies also today. Cummins India fell by Rs 181.50 to Rs 3694.45, Apollo Tires fell by Rs 25.05 to Rs 525.75, Maruti Suzuki fell by Rs 513.55 to Rs 12,653.45, Tube Investments fell by Rs 167.55 to Rs 4176, TVS Motor 1 07.40 rupees fell to 2729.30 Rs, Eicher Motors fell by Rs 184.40 to Rs 4787. BSE Auto Index fell 1802.02 points to close at 59433.32.
2881 shares closed with decline
Small and mid-cap stocks also witnessed massive selling on panic today, leading to extremely skewed market breadth. Out of the total 4076 stocks traded on BSE, the number of declining stocks was 2881 and the number of gaining stocks was 1107. The BSE Small Cap index fell 1054.49 points to 56362.53 and the BSE Mid Cap index fell 1121.93 points to 48362.53.
Purchase of Rs 12,914 crore by local bodies
FPIs, FIIs made huge net sale of shares worth Rs 15,243.27 crore in cash on Thursday. Thus, foreign funds have made a huge net sale of shares worth Rs 30,614 crore in three days this week. While DII-Domestic Institutional Investors made huge net purchases of Rs 12,913.96 crore in cash today.
investors lost money
Investors sold heavily in many shares of a group, midcap funds, the wealth of investors i.e. the total market capitalization of companies listed in BSE also stood at Rs 465.05 lakh crore today.
5, Sensex 2223 points and Nifty 662 points, biggest fall since August
Today's (October 3, 2024) fall in Indian stock markets is the biggest fall since August 5, 2024. On August 5, the negative factors of Iran-Israel war and increase in unemployment rate in US and overvaluation of small and mid-cap stocks domestically led to an intra-day fall of 2686 points and ultimately 2223 points in Sensex. While Nifty fell by 824 points intra-day and finally by 662 points. On that day of 5th August, the total market capitalization of the companies listed on BSE was wiped out in a single day.
Reliance had the maximum share of 336 points in the Sensex's fall of 1769 points.
|
Company Name |
share price |
ups and downs |
in numbers |
|
, |
(03-10-24) |
(in rupees) |
share |
|
Reliance Industries |
Rs 2815.15 |
-114.55 |
336.20 |
|
hdfc bank |
Rs 1682.15 |
-44.00 |
287.96 |
|
Larsen and Toubro |
Rs 3498.80 |
-152.70 |
154.84 |
|
Axis Bank Limited |
Rs 1175.45 |
-50.45 |
124.51 |
|
ICICI |
Rs 1256.40 |
-18.50 |
113.04 |
|
Kotak Mahindra Bank |
Rs 1821.90 |
-58.00 |
74.03 |
|
Tata Motors Limited |
Rs.926.00 |
-39.35 |
71.60 |
|
Bajaj Finance |
Rs.7433.00 |
-269.00 |
65.01 |
|
Maruti Suzuki |
Rs 12653.4 |
-513.55 |
58.83 |
|
Bharti Airtel |
Rs 1675.80 |
-23.25 |
53.97 |
|
Asian Paints |
Rs 3150.20 |
-127.00 |
49.67 |
|
Tata Consultancy |
Rs 4234.90 |
-51.40 |
45.18 |
|
HCL Technology |
Rs 1773.55 |
-41.40 |
38.01 |
|
Titan Company |
Rs 3677.05 |
-97.50 |
35.29 |