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Mumbai: Ahead of Donald Trump coming to power in the US, the global financial system entered a new phase today due to fears of his selection for an important post in the government and clear indications that this selection could shake up the global financial system. Is. Markets in developing countries, including India, were said to be under selloff as markets witnessed jittery sentiment as the Indian rupee hit new low against global currencies as well as the US dollar due to continued outflows from India by foreign portfolio investors (FPIs). Inflation – Inflation index reached 14-month high.
Nifty falls 10% from high of 26277: Stock markets to remain closed on Friday for Guru Nanak Jayanti
Intra-day Sensex fell 1141.88 points to a low of 77533.30 and finally fell 984.23 points to close at 77690.95. Whereas Nifty 50 spot closed at 23509.60 with a fall of 373.85 points and finally closed at 23559.05 with a fall of 324.40 points. With this, the Nifty 50 index has fallen by more than 10 percent from its September high of 26277.35 and the Sensex has fallen by 9.85 percent from its high of 85978.25. Stock markets will remain closed on Friday, November 15, 2024, Guru Nanak Jayanti.
Mid Cap Index down 1160 points, Small Cap Index down 1651 points: 3384 shares closed negative
Along with the group, small, mid-cap stocks witnessed more steep losses today, with panic selling on low volumes leading to a fall in prices of many stocks. BSE Small Cap Index fell 1651.69 points or 3.08 percent to 51952.79. While BSE Mid Cap Index fell by 1160.44 points or 2.56 percent and closed at 44107.98. Out of total 4067 shares traded on BSE today, the number of declining shares was 3384 and the number of gaining shares was only 599.
Capital goods index falls 1840 points: Suzlon falls by Rs 5, LG appliances fall by Rs 30
BSE Capital Goods Index fell 1840.01 points to close at 65927.52 as all-round selling in capital goods shares continued. Suzlon NG fell by Rs 5.31 to Rs 54.08, LG Equipment fell by Rs 30 to Rs 574.30, Schaeffler Industries fell by Rs 157.65 to Rs 3406.95, Rail Vikas fell by Rs 18 to Rs 419.65, Kalpataru Power by Rs 50. Increase by Rs 90 to 1193.40 Rs, Thermax rose by Rs 192.50 to Rs 4916.40, CG Power rose by Rs 24.95 to Rs 688.75, SKF India rose by Rs 169.50 to Rs 4859.30. Larsen & Toubro was up Rs 45.55 to Rs 3545, Honeywell Automation was up Rs 1079.50 to Rs 42,146.80.
Fall in auto shares: Hero fell by Rs 197, Cummins by Rs 139, Hyundai by Rs 65, Mahindra by Rs 94.
Today, due to the entry of funds and experts in the recession in the shares of automobile companies, there is not a huge uproar but a widespread uproar. BSE Auto Index fell 1187.10 points to close at 51443.29. Hero MotoCorp fell by Rs 197 to Rs 4521.10, Cummins India fell by Rs 139.40 to Rs 3335.40, Mahindra & Mahindra fell by Rs 93.50 to Rs 2801.80, Tube Investments fell by Rs 112.05 to Rs 3450. Eicher Motors fell by Rs 149.45 to Rs 4589.10, Maruti Suzuki fell by Rs 75.85 to Rs 11,070, Hyundai Motor India fell by Rs 65.35 to Rs 1739.10 due to weakness.
Bankex down 1129 points: Federal Bank, Bank of Baroda, State Bank, HDFC Bank, Kotak Bank down.
BSE Bankex index fell 1128.95 points to close at 57199.17 due to widespread selling in banking stocks. Yash Bank fell by Rs 66 paise to Rs 19.09, Federal Bank fell by Rs 3.10 to Rs 98.35, State Bank of India fell by Rs 18.05 to Rs 808.35, HDFC Bank fell by Rs 37.10 to Rs 1681.25. Kotak Mahindra Bank fell by Rs 32.20 to Rs 1688.25, ICICI Bank fell by Rs 16.65 to Rs 1253.85, Axis Bank fell by Rs 17.35 to Rs 1141.15.
Metal Stock Hindalco Rs 25, Tata Steel Rs 5, Jindal Rs 27, Vedanta Rs 10, JSW Rs 21
BSE Metal index fell 768.91 points to close at 29449.62 as funds continued selling in metal-mining stocks today. Hindalco fell by Rs 24.40 to Rs 626.80, Tata Steel fell by Rs 4.90 to Rs 139.25, Jindal Steel fell by Rs 27.15 to Rs 859.50, Vedanta fell by Rs 10.20 to Rs 434.70, JSW Steel fell by Rs 20.75 to Rs 936.10.
Investors’ wealth in stock-market cap. Rs 7.78 lakh crore decreased to Rs 429.46 lakh crore
Due to the impact of recession, Sensex and Nifty crashed, selling in small and midcap stocks continued and today due to large scale selling, the prices of many stocks fell in small quantities to Rs 429.46 lakh crore.
Nifty loses intraday 200-day moving average level for the first time in 20 months
Nifty 50 today lost the intra-day 200-day moving average level along with index-based volatility. After February 2022, i.e. after 20 months, Nifty lost its 200-day moving average level and showed an intra-day low of 23509.60. The Nifty index fell below the 200-day moving average for the first time in February 2022. But after that it came up slightly, which then remained below this level till July 2022. There was a period of consolidation from February 2022 to March 2023. Nifty declined by 10 percent from February to March 2022, after which it increased by 11 percent in a month. Nifty declined 18 per cent from April to June 2022, rising only 22.5 per cent in the next few months. Nifty remained below the 200-day moving average from December 2022 to March 2023. Nifty gained momentum in April 2023 and by mid-September 2024 it rose by more than 40 percent. Today, on November 13, the Nifty 50 index reached the level of 23509 intra-day. Which is seen below the 200 day moving average 23545.
Hence the danger of the situation getting out of control: November Mu. Fund figures will be important
Some time ago, bullish seconds were alternating with record highs, but now the market is continuously losing every support level amid the bearish trend. The fear of over valuation has become a reality and a huge difference is being seen in the prices of many shares. Retail investors seem to be trapped, with stock prices falling on low volumes. Although investment inflows through SPI increased in the month of October, flows among informers have started to slow down and the situation in the market risks getting out of control in case of possible redemption rush in mutual funds by retail. Investor. Therefore, experts believe that the investment figures in mutual funds for the month of November will be important.