Nifty Loses 218 Pts, Sensex Declines 662 Pts on Oct 25, 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         24,180 [-218.60] 0.90
• Sensex    79,402 [-662.87] 0.83

Reasons for Market Downturn

• A significant factor driving the market down is the aggressive selling by foreign portfolio investors (FPIs). This unprecedented selloff has resulted in a lack of confidence among domestic investors, exacerbating market volatility and downward pressure.

• The latest quarterly earnings reports have revealed disappointing results, indicating a slowdown in revenue and profit growth for many companies. This led to bearish sentiment among investors, further contributing to the market's decline.

• The upcoming US presidential election is creating uncertainty in the market. Polls indicate a tight race, and the potential outcomes could affect global trade policies, leading to concerns among investors about the implications for the economy and markets.

• Ongoing tensions in the Middle East are impacting market sentiment. Military actions and potential ceasefire negotiations are creating uncertainty, leading investors to adopt a cautious approach and contributing to market declines.

Top 3 Stocks That Lost The Most 

Nifty 

IndusInd Bank:  - 18.99

Adani Enterprises:  - 4.90

BPCL:  - 4.82

Sensex

IndusInd Bank:  - 18.56

M&M:  - 3.93

Larsen:  - 3.35

Sectors of the Day 

Nifty Consumer Durables:  - 2.60

Nifty Oil & Gas:  - 2.54

Nifty Metal:  - 2.42

• IndusInd Bank shares fell today due to a 39% year-on-year drop in net profit for Q2, falling significantly below market expectations.

IPO Performance

• Premium Plast Limited IPO shares are expected to be listed on the NSE SME platform around October 28, 2024.

• Waaree Energies Limited IPO shares are expected to be listed on the NSE SME platform around October 28, 2024.

• Deepak Builders & Engineers India Limited IPO shares are expected to be listed on the NSE SME platform around October 28, 2024.

For more details on these IPOs, visit our IPO page! 

Key Events to Track For 28th 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.

Subscribe to our newsletter for daily updates now!