Market Crash Highlights, Oct 3: Israel war triggers 1769-pt sell off in Sensex; Nifty ends at 25,250
Share Market Crash Highlights, Oct 3: MidCap, SmallCap indices closed up to 2.2 per cent lower. Fear gauge, India VIX, soared 9.4 per cent today
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Stock Market Crash today, Closing Bell Updates, October 3: The India stock market bled heavily on Thursday, October 3, as a fresh flare up in Iran-Israel tensions soured Dalal Street sentiment. The BSE Sensex index, today, crashed 1,769 points, or 2 per cent, to end at 82,497 levels. The Nifty50, on the other hand, broke the 25,300-mark to close at 25,250, down 547 points or 2.12 per cent, making investors poorer by Rs 9.6 trillion.
The BSE Sensex index hit an intraday low of 82,434, while the 50-share Nifty index plummeted to 25,230.30 during the day.
Twenty eight of the 30 Sensex stocks and 48 of the 50 Nifty stocks nursed losses on Thursday, the day of the weekly F&O expiry. Among individual stocks, BPCL, Shriram Finance, L&T, Tata Motors, Reliance Industries, Asian Paints, Axis Bank, Eicher Motors, Maruti Suzuki, Tata Consumer Products, and Bajaj Finance tumbled between 3.5 per cent and 5 per cent.
JSW Steel and ONGC were the only large-cap gainers today.
Meanwhile, in the broader markets, the Nifty MidCap index dropped 2.2 per cent and the Nifty SmallCap index skid 1.9 per cent. Fear gauge, India VIX, soared 9.4 per cent today.
Among sectors, all indices saw bloodbath led by the Nifty Realty (down 4.6 per cent), the Nifty Auto index (2.7 per cent), and Nifty Private Bank index (2.5 per cent).
3:54 PM
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
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Stock Market Highlights LIVE Updates: FIIs redirection of funds adding pressure on Indian stocks
The domestic market took a sharp downturn following Iran’s launch of ballistic missiles at Israel, sparking fears of retaliation and escalation in war. This could potentially drive-up oil prices and lead to inflationary pressures.
Additionally, new SEBI regulations for the F&O segment have raised concerns about reduced trading volumes in the broader market. Lastly, with attractive valuations in China, FIIs have redirected their funds, adding pressure on Indian stocks.
Additionally, new SEBI regulations for the F&O segment have raised concerns about reduced trading volumes in the broader market. Lastly, with attractive valuations in China, FIIs have redirected their funds, adding pressure on Indian stocks.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
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(View by: Rupak De, Senior Technical Analyst, LKP Securities)![]()
Stock Market Highlights LIVE Updates: Breach of 25,070 could see the Nifty decline towards 24,800
The Nifty has experienced a sharp correction, breaking below the support of a rising trendline on the daily timeframe, signaling a potential bearish trend reversal. Additionally, the index has slipped below the 20-day moving average (20DMA), intensifying concerns.
The daily RSI has also broken below its rising trendline, further suggesting the possibility of continued downside. Immediate support is located at 25,070, and a breach of this level could see the index decline towards 24,800. On the upside, resistance is positioned in the 25,500–25,550 zone.
The daily RSI has also broken below its rising trendline, further suggesting the possibility of continued downside. Immediate support is located at 25,070, and a breach of this level could see the index decline towards 24,800. On the upside, resistance is positioned in the 25,500–25,550 zone.
(View by: Rupak De, Senior Technical Analyst, LKP Securities)
3:48 PM
Stock Market Highlights LIVE Updates: Nifty Realty ends over 4% lower
Among sectors, Nifty Realty was clear loser ending the day 4.36 per cent lower and was followed by Nifty Auto slipping 2.88 per cent, Nifty Private Bank declining 2.61 per cent and Nifty Financial Services sliding 2.59 per cent.
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Stock Market Highlights LIVE Updates: Broader indices fall in line with benchmarks
The BSE MidCap ended 2.27 per cent lower, while the BSE SmallCap finished 1.84 per cent down.
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Stock Market Highlights LIVE Updates: JSW Steel, ONGC only gainers on NSE
On NSE, JSW Steel and ONGC ended the day in green, while the likes of BPCL, Shriram Finance and L&T fell up to 5 per cent.
3:39 PM
Stock Market Highlights LIVE Updates: 28 out of 30 stocks decline on Sensex
On the BSE Sensex, a total of 28 stocks ended in red out of 30 stocks. These included L&T, Reliance Industries and Axis Bank falling up to 4 per cent each among others.
3:35 PM
Stock Market Highlights LIVE Updates: Nifty falls over 500 points to 25,266
The NSE's Nifty 50 finished at 25,266, down 530 points, or 2.06 per cent on Thursday.
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Stock Market Highlights LIVE Updates: Sensex closes over 1,750 pts down
BSE Sensex closed at 82,497, down 1769 points or 2.10 per cent on Thursday.
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Stock market LIVE updates: Nifty Auto skids 3% as Sept passenger vehicle sales slow, CV sales fall
Sports Utility Vehicle (SUV) volume growth for Maruti Suzuki also slowed more than 4 per cent in September 2024. The company has been facing a slowdown in the segment since July 2024 due to the high base and increasing competition in the SUV category. READ MORE
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Stock market LIVE Updates: Nifty Auto skids 3% as Sept passenger vehicle sales slow, CV sales fall
Automobile stocks plunged in Thursday's trade with all 15 stocks in the Nifty Auto index falling up to 4.3 per cent intraday today. The index also slipped 2.7 per cent in trade after auto sales data for September revealed a slowdown in passenger vehicle (PV) sales and a decline in commercial vehicle (CV) sales volume.
At around 1:50 PM, the Nifty Auto index was down 2.73 per cent at 26,406.95. In comparison, the NSE Nifty index was down 2.04 per cent at 25,270.3 at around the same time. Read more
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Marico gains 4%; hits new high in weak market on stable volume growth in Q2
At 02:18 pm; Marico had eraseds its intra-day gain and was trading 0.5 per cent higher at Rs 696.50 on the BSE. In comparison, the BSE Sensex tanked 2.1 per cent or 1,781 points at 82,485. In the last six months, the stock has outperformed the market by surging 41 per cent, as against a near 12 per cent rise in the benchmark index. READ MORE
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Stock Market LIVE updates: 3 PM market update
Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50 were trading deep in the red on Thursday.
At 3:00 PM, the BSE Sensex was at 82,508.01, down 1758.28 points, or 2.09 per cent, while the Nifty 50 was at 25,252.60, down 544.30 points, or 2.11 per cent.
2:56 PM
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Stock Market LIVE Updates: Housing sales rise 5% across top 8 cities in July-Sept: Knight Frank
Stock Market LIVE Updates: Housing sales rose 5 per cent annually during July-September to 87,108 units in eight major cities as demand stayed strong for premium homes, according to Knight Frank India.
Real estate consultant Knight Frank India on Thursday released its report 'India Real Estate' for the third quarter of 2024 calendar year through a webinar, showing a modest increase in housing sales in contrast to data provided by Anarock and PropEquity which reported drop in total sales during July-September across major cities. READ MORE
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Stock Market LIVE Updates: Bharat Electronics, Israel Aerospace Industries form joint venture firm
Stock Market LIVE Updates: Navratna defence PSU Bharat Electronics Limited (BEL) and Israel Aerospace Industries (IAI), Israel's leading aerospace and defence company, have announced the establishment of a joint venture company (JVC), which has been incorporated in the name of BEL IAI AeroSystems Private Ltd. READ MORE
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The company, in an exchange filing, said production of passenger vehicles (including utility vehicles and vans) dropped 9.65 per cent to 156,709 units, compared to 173,451 in the year ago period.
Meanwhile, light commercial vehicle production nearly doubled to 3,034 units, compared to 1,527 units in the year ago period.
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Stock Market LIVE Updates: Maruti Suzuki India's overall September production falls 9%
Stock Market LIVE Updates: Maruti Suzuki India today informed that its total production of vehicles fell 8.70 per cent year-on-year to 159,743 units in September, compared to 174,978 units in the year ago period.
The company, in an exchange filing, said production of passenger vehicles (including utility vehicles and vans) dropped 9.65 per cent to 156,709 units, compared to 173,451 in the year ago period.
Meanwhile, light commercial vehicle production nearly doubled to 3,034 units, compared to 1,527 units in the year ago period.
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First Published: Oct 03 2024 | 7:50 AM IST
