Sensex Falls 151 Pts & Nifty Drops 54 Pts on September 5, 2024

Nifty ? ? ??25,145 [-53.60] 0.21

Sensex ? ?82,201 [-151.48] 0.18

Reasons for Market Downturn?

• Global markets remained mixed due to a lack of fresh catalysts, leading to cautious sentiment among investors. Weak global cues weighed on domestic markets.

• Select heavyweight stocks such as ICICI Bank, Infosys, and L&T saw profit booking, dragging down the indices despite some recovery in the latter part of the session.

• Investors are eagerly awaiting the US jobs report, which is expected to impact the Federal Reserve's upcoming interest rate decision. This anticipation kept markets volatile and restrained.

Top 3 Stocks That Lost The Most?

Nifty?

• Cipla:? -1.46
• Coal India:? -1.28
• Dr Reddy:? -1.28

Sensex

• Reliance:? -1.41?
• Tata Motors:? -1.05
• Nestle:? -0.99

Sectors of the Day?

• Nifty Realty:? -0.97
• Nifty Auto:? -0.38
• Nifty Oil & Gas:? -0.38

IPO Performance

• Vision Infra Equipment Solutions Limited IPO will be open for bidding from September 6, 2024, to September 10, 2024, with shares priced at ?155 to ?163 per share.?

• Boss Packaging Solutions Limited IPO and Archit Nuwood Industries Limited IPO shares are expected to be listed on the NSE SME platform around September 06, 2024.

• Baazar Style Retail Limited IPO shares are expected to be listed on the NSE SME platform around September 06, 2024.

• Naturewings Holidays Limited IPO’s allotment is scheduled for September 06, 2024.

Key Events to Track For 6th September 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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