Nifty Falls to 25,014 and Sensex Drops 808 Pts on Oct 4, 2024

Daily Stock Market Update

Market Overview?

In today’s update, we’ll examine the latest developments in the stock market, focusing on key performances, significant losses, and trends that shaped the trading day. We’ll understand how market volatility and external factors impacted investor sentiment.?

Market Summary

• Nifty ? ? ? ??25,014 [-235.50] 0.93
• Sensex ? ?81,688 [-808.65] 0.98?

Reasons for Market Downturn

• The conflict between Iran and Israel escalated significantly, heightening fears of broader military confrontations. This uncertainty led to increased volatility in the market, contributing to the overall decline.

• Crude oil prices spiked due to concerns over potential disruptions in supply from the Middle East. The resultant increase in oil costs raised alarms among investors, further driving down market confidence.

• Increased outflows from foreign institutional investors reflect global risk aversion. This withdrawal added significant downward pressure on Indian markets, reinforcing the negative trend.

• Following three weeks of gains, the market experienced profit-taking among investors. This sell-off, combined with negative news, significantly contributed to the decline in the Sensex and Nifty.

Top 3 Stocks That Lost The Most?

Nifty?

M&M:? - 3.54

Bajaj Finance:? - 2.86

Asian Paint:? - 2.40

Sensex

M&M:? - 3.65

Bajaj Finance:? - 3.01

Nestle:? - 2.85

Sectors of the Day?

Nifty Media:? - 2.53

Nifty Realty:? - 1.72

Nifty FMCG:? - 1.62

• Bajaj Finance shares fell due to disappointing Q2 results, raising concerns among investors about the company's growth prospects in a challenging economic environment.

IPO Performance

• Saj Hotels Limited IPO shares are expected to be listed on the NSE SME platform around October 07, 2024.

• HVAX Technologies Limited IPO shares are expected to be listed on the NSE SME platform around October 07, 2024.?

Key Events to Track For 7th October 2024?

• Monitor international markets for any significant developments or trends that could impact Indian markets.?

• Keep an eye on scheduled economic data releases such as GDP figures, industrial production data, or inflation reports, as they can influence market sentiment and direction.?

• Track earnings announcements from major companies across sectors, to gauge the health of the corporate sector and anticipate market reactions.?

• Stay informed about any policy announcements or decisions by the Indian government, as they can impact market sentiment and specific industries.?

• Stay updated on global events as they can affect Indian markets and investor sentiment.

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