Sensex Plummets 1,192 Points to 78,532.12 in Early Trade Ahead of US Elections
Nov 4, 2024
Sensex and Nifty Expected to Open Higher as GIFT Nifty Futures Show Positive Movement
Market Overview for October 24, 2024: The Indian stock market is expected to start the trading session on a positive note today. As of 7:40 AM IST, the GIFT Nifty futures, which serve as an early indicator for the Nifty 50 index, were up by 54.85 points, translating to a 0.22% increase. This movement suggests a bullish sentiment ahead of the trading day on Dalal Street.
Global Market Insights
US Stock Market Performance
In the United States, Wall Street ended its trading day in the negative territory. Major indices faced selling pressure, particularly within the consumer discretionary and technology sectors. Notable declines were seen in stocks such as Nvidia, which dropped by 2.81%, Apple fell by 2.16%, Meta Platforms declined by 3.15%, and Amazon decreased by 2.63%. Consequently, the Nasdaq index closed down by 1.60%, while the S&P 500 saw a decline of 0.92%. Conversely, sectors like real estate and utilities made gains amid the downturn.
Asian Market Performance
Asian markets exhibited mixed results today. Notably, Japan's Nikkei 225 index rose by 0.19%, reaching 38,177.38, whereas the Hang Seng index in Hong Kong declined by over 1%.
Summary of Major Global Indices
- Nasdaq ended at 18,276.65, down 296.47 points or 1.60%
- S&P 500 fell by 53.78 points or 0.92%, settling at 5,797.42
- Dow Jones decreased by 409.94 points or 0.96%, closing at 42,514.95
- Nikkei 225 increased by 76.92 points or 0.20%, reaching 38,181.78
- Hang Seng dropped by 219 points or 1.06%, standing at 20,540.32
Recap of Previous Session
On October 23, 2024, both the Sensex and Nifty concluded the day lower. The Sensex settled at 80,081.98, representing an increase of 138.74 points or 0.17%. Similarly, the Nifty 50 index closed at 24,435.50, up by 36.60 points or 0.15%. A review of top gainers and losers from that session is as follows:
Top Losers
| M&M | -3.22% |
| SUNPHARMA | -2.69% |
| EICHERMOT | -2.07% |
| SHRIRAMFIN | -1.86% |
| POWERGRID | -1.84% |
| LT | -1.79% |
| ADANIPORTS | -1.74% |
| NTPC | -1.56% |
| CIPLA | -1.52% |
| AXISBANK | -1.21% |
| TITAN | -1.20% |
| TATASTEEL | -1.13% |
| ICICIBANK | -1.10% |
| BEL | -0.99% |
| JSWSTEEL | -0.90% |
| HINDUNILVR | -0.83% |
| GRASIM | -0.81% |
| HEROMOTOCO | -0.81% |
| NESTLEIND | -0.77% |
| ULTRACEMCO | -0.69% |
| DRREDDY | -0.67% |
| SBIN | -0.66% |
| HDFCLIFE | -0.45% |
| BHARTIARTL | -0.43% |
| TATAMOTORS | -0.40% |
| ASIANPAINT | -0.39% |
| INDUSINDBK | -0.34% |
| HINDALCO | -0.26% |
| ITC | -0.23% |
| RELIANCE | -0.16% |
| ONGC | -0.15% |
| MARUTI | -0.01% |
Top Gainers
| BAJFINANCE | 4.90% |
| TECHM | 2.14% |
| TATACONSUM | 1.78% |
| BAJAJ-AUTO | 1.75% |
| HDFCBANK | 1.26% |
| TCS | 1.24% |
| HCLTECH | 1.22% |
| BAJAJFINSV | 1.12% |
| COALINDIA | 1.10% |
| INFY | 0.90% |
| SBILIFE | 0.80% |
| BRITANNIA | 0.52% |
| WIPRO | 0.31% |
| ADANIENT | 0.22% |
| TRENT | 0.20% |
| KOTAKBANK | 0.16% |
| APOLLOHOSP | 0.15% |
| BPCL | 0.03% |
Key Stocks to Watch Today
In today's trading session, investors should keep an eye on several key stocks, including Infosys, Hindustan Unilever Ltd (HUL), Birlasoft, and Sona BLW Precision Forgings. These stocks are expected to draw significant attention from market participants today.
Sensex, Nifty, GIFT