Why the Stock Market is Down Today? [04 November 2024]

Why the Stock Market is Down Today? [04 November 2024]

Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in trade on Monday. While BSE Sensex plunged over 1,400 points, Nifty50 went below the 23,900 mark. At 1:14 AM, BSE Sensex was trading at 78,526.57, down 1,198 points or 1.50%. Nifty50 was at 23,906.90, down 397 points or 1.64%.

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Broder Markets Underperform

The broader market declined and underperformed the larger peers; the S&P BSE MidCap Index was down 0.03%, whereas S&P BSE SmallCap Index was lower by 0.11%. Eight out of the 19 sectors compiled by BSE declined, while 11 advanced in trade. The market breadth was skewed in the favour of …

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75 years of Independence: Sensex from 100 to 59000, Gauge for an Undervalued Stock Called India

As is rightly said, the stock market of any country is the barometer of its economic growth, the story for India is no different. As we celebrate the 75th year of independence, a look back at Sensex narrates the tale of how India has grown from strength to strength. Started in 1986 on the BSE, Sensex is a free-float index consisting of 30 of the biggest listed companies in India. The BSE Sensex has grown from 100 points to 59,000 today; and while marred by volatility and bears, the index has posted robust growth, a testament to the country’s economic growth and future potential.

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Nifty 50 Traded Near 10900, Sensex Up 300 points

The Nifty 50 traded near 10,900. Asian stocks began the week on a cautious note after soft economic data from China and Europe added to evidence of cooling global growth. US equity futures edged up with stocks in Japan and Australia, while shares slipped in Shanghai and Hong Kong. Oil prices climbed after US drilling activity fell to its lowest level in about two months.

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