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Market Crash Close Highlights: Sensex ends down 1,000pts at 81,200, Nifty at 24,800; Financials lose

Market Crash Close Highlights: Indian benchmark indices closed deep in the red on Friday, dragged down by weak global cues, along with regulatory headwinds.

SI Reporter New Delhi
BSE NSE, Share market, Sensex, Nifty
Photo: Bloomberg

2 min read Last Updated : Sep 06 2024 | 4:20 PM IST

Key Events

4:20 PM

Stock Market LIVE Updates: 'Nifty broke the 25,000-25,100 support zone, forming a bearish engulfing candle'

The Nifty50 index broke the 25,000-25,100 support zone on Friday, forming a bearish engulfing candle on the weekly scale. On the daily chart, Nifty closed below its 21-Day Exponential Moving Average (DEMA), indicating further weakness. The next major support is near 24,480, where the 50-DEMA is positioned. In the short term, any bounce should be seen as an opportunity to book profits.
 
Views By: Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C Mehta Investment Interrmediates
 

4:03 PM

Stock Market LIVE Updates: 'SEBI's FIIs disclosure deadline won't impact India's lucrativeness in long-term'

Stock Market LIVE Updates: The domestic market was in panic today due to the SEBI's deadline over FIIs disclosure norm, however this is not expected to impact India’s lucrativeness to FIIs in the long-term. Coupled with lack of new market catalysts and elevated valuations, a muted trend is expected to continue in the short-term. Global markets are also adopting a cautious stance ahead of the release of the US non-farm payroll data. Additionally, the continuous decline in oil prices to a 14-month low and weak job openings data are heightening fears of a slowdown in the US in the near term.

Views by: Vinod Nair, Head of Research, Geojit Financial Services

3:50 PM

Stock Market LIVE Updates: SBI, BPCL top losers on NSE

SBI, BPCL, ICICI Bank, and NTPC were among the top losers on the NSE. On the filip side, Bajaj Finance, Asian Paints and JSW Steel led gains.

3:44 PM

Stock Market LIVE Updates: All sectors bleed with Nifty PSU plummeting 4%

In sectors, Nifty PSU Bank was the top loser falling 3.57 per cent, followed by Nifty Private Bank, Nifty Financial Services and Nifty Auto. 

3:41 PM

Stock Market LIVE Updates: BSE MidCap index sheds 1.41%

In broader indices, BSE MidCap index fell more than benchmarks, falling 1.4 per cent, while SmallCap slipped 0.9 per cent per cent.

3:38 PM

Stock Market LIVE Updates: Heatmap check

SBI remained top loser on BSE Sensex to end 4.23 per cent lower at 783.95 per share, followed by NTPC, ICICI Bank among others.

3:35 PM

Closing Bell: Nifty50 closes nearly 300 pts down, below 25,900

The NSE's top 50 blue chip stock index closed 1.17 per cent lower at 24,852 level. 

3:33 PM

Closing Bell: Sensex ends over 1,000 pts lower

The benchmark BSE Sensex closed 1.24 per cent lower at 81,183 level. 

3:30 PM

Synergy Green Industries shares rally 16% after order win; check details

Synergy Green Industries share price today surged up to 16.4 per cent, hitting its all time high at Rs 468.40 per share on the BSE in Friday’s intraday deals. This came after the company won a work order worth Rs 163 crore.
 
“We are pleased to update you on the finalisation of Rs 163.74 crores orders from Vestas Wind Systems to be executed during FY2025-26. These orders are for both 2 MW and 4 MW parts, split equally between domestic and export requirements,” the company said in an exchange fling on Friday. Read more

3:03 PM

Stock Market LIVE Updates: Godfrey Phillips shares zoom 11% after board to mull on 2:1 bonus issue

Stock Market LIVE Updates: Godfrey Phillips share price today surged up 11 per cent, hitting their all time high at Rs 6,779 per share on the BSE in Friday’s intraday deals. This came after Godfrey Phillips announced that its board of directors have approved a bonus shares issue. READ MORE
 

2:53 PM

Stock Market LIVE Updates: Centre to extend sugar export ban to boost local supplies, ethanol output

Stock Market LIVE Updates: India plans to extend a ban on sugar exports for the second straight year as the world's biggest consumer of the sweetener grapples with the prospects of lower cane output, government sources said. READ MORE
 

2:50 PM

Stock Market LIVE Updates: Mrs. Bectors hits record high as co sets floor price for Rs 400-crore QIP

Stock Market LIVE Updates: Shares of Mrs. Bectors Food Specialities, a fast moving consumer goods company that majorly manufactures biscuits, advanced 12.8 per cent and registered an all time high of Rs 1,820 in a weak market, where BSE Sensex had slipped over 900 points. READ MORE
 

2:35 PM

Stock Market LIVE Updates: Global investors, fund managers struggle to keep up as India's market grows

Stock Market LIVE Updates:India's stock market rally is ramping up its index weighting and creating a dilemma for global fund managers: sit back and watch as their relative exposure shrinks while the market grows, or buy in at increasingly eye-watering prices.

Most find the latter uncomfortably risky and are seeking alternatives, some driving money into India's smaller companies, while others are looking elsewhere at other emerging markets. READ MORE

2:20 PM

Stock Market LIVE Updates: Godfrey Phillips in focus

Stock Market LIVE Updates: Godfrey Phillips to consider bonus issue on September 20 in the ratio of 2:1.

Source: BSE

1:55 PM

Stock Market LIVE Updates: Strides Pharma hits all time high after USFDA approval for this drug

Stock Market LIVE Updates: Strides Pharma share price today reached its all time high at Rs 1394.95 per share on the BSE, rising as much as 3.79 per cent in Friday’s intraday deals. This came after the company announced that  its step-down wholly owned subsidiary Strides Pharma Global Pte. Limited in Singapore, has received approval for the generic version of Theophylline extended-release tablets, 300 mg and 450 mg, from the United States Food & Drug Administration (USFDA). READ MORE
 

Market Crash Close Highlights, Friday, September 6, 2024: Indian benchmark indices BSE Sensex and Nifty 50 dropped more than 1 per cent each to close deep in the red on Friday, as the Indian markets were buffeted by regulatory headwinds, while some investors likely booked profits at record levels before the release of US jobs and payrolls data later in the day in the US. 
At closing bell, the BSE Sensex was down 1,017 points, or 1.24 per cent, at 81,183.93, while the wider Nifty 50 was at 24,852.15, down 292.95 points, or 1.17 per cent.
On the 30-stock Sensex, losses (of up to 4.4 per cent) were led by SBI, NTPC, ICICI Bank, HCLTech, and Reliance, while overall, 23 stocks in the index closed in the red. Meanwhile, gains (of up to 1.22 per cent) on the index were led by Bajaj Finance, Asian Paints, JSW Steel, Sun Pharma, and Maruti Suzuki India.
On the Nifty 50 index, eight stocks advanced, with gains (of up to 1%) led by Bajaj Finance, Asian Paints, JSW Steel, LTIMindtree, and Nestle India, while 42 stocks ended in the red. Losses (of up to 4.3 per cent) were led by SBI, BPCL ICICI Bank, NTPC, and HCLTech.
That apart, all the sectoral indices on the NSE ended in the red. The PSU Bank index was down the most (down 3.57 per cent), followed by the Oil and Gas index (down 2.16 per cent). Other than that, the Bank and Financial Services services, along with Auto had lost more than 1 per cent each, while the rest were down around 1 per cent.
Even the broader market felt the pinch of the sell-off in the markets today, with the BSE SmallCap losing 0.96 per cent, while the BSE MidCap closed down 1.41 per cent.

Topics :MARKET LIVEMARKETS TODAYMarkets Sensex NiftyS&P BSE SensexNifty50Nifty 50global stock marketUS stock marketsIndian stock marketsBSE NSEBSE NSE equity

First Published: Sep 06 2024 | 8:04 AM IST

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