Business Standard

Monday, December 23, 2024 | 08:34 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Stock Market Highlights, Sept 04: Sensex sheds 203 points, Nifty ends below 25,200; Banks, IT drag

Stock Market Highlights: 31 out of 50 constituent stocks of Nifty50 ended lower, dragged by Wipro, Coal India, ONGC, Hindalco, and LTIMindtree

Image SI Reporter New Delhi
demat market share stock

Stock Market Highlights on Wednesday, September 4, 2024: Benchmark equity indices ended in red, with Nifty50 giving up its 14-day winning streak, on Wednesday, weighed by negative global sentiments.The BSE Sensex shed 202.80 points or 0.25 per cent to settle at 82,352.64, while the NSE Nifty50 dropped 81.15 points or 0.33 per cent to end at 25,198.70 on Wednesday.

31 out of 50 constituent stocks of Nifty50 ended lower, dragged by Wipro, Coal India, ONGC, Hindalco, and LTIMindtree with losses of up to 3.05 per cent. Meanwhile, Asian Paints, Grasim Industries, Hindustan Unilever, UltraTech Cement, and Sun Pharma led the gains of up to 2.50 per cent among the other constituent stocks on the index.

Similarly, on the BSE, 19 out of 30 listed stocks of Sensex ended in the red, dragged by Mahindra & Mahindra, ICICI Bank, State Bank of India, and Axis Bank with a fall of up to 1.29 per cent. Meanwhile, Asian Paints, Hindustan Unilever, and Ultratech Cement were among 11 stocks that ended with gains of up to 2.39 per cent.

Broader indices also settled lower except for select Midcap, and Smallcap stocks. The Nifty Smallcap index hit a record high during intra-day deals; however, it retreated to end on a flat note.

Among the sector indices, IT, PSU Bank, Auto, Financial Services, and Metal led the losses with a fall of up to 1.69 per cent, while FMCG, Pharma, Media, Realty, and Healthcare eked out gains of up to 1.09 per cent. 

The Bank Nifty index snapped its four-session gaining streak, dragged down by Federal Bank, and Bank of Baroda, which led the losses. 

The Nifty IT index declined for the second session, mainly dragged down by Wipro. Meanwhile, the Nifty PSU Bank index also declined for the second session, with Bank of India, and Punjab Sind Bank being the top sectoral losers.


4:05 PM

Stock Market Tech View :: 'Drop below 25,080 could trigger further correction in Nifty'

The Nifty broke its upward trend by falling below the trend line on the hourly chart. However, the index found initial support at the historical swing high. Going forward, the index might consolidate between 25,080 and 25,250. A drop below 25,080 could trigger further correction towards 24800-24750/24500; while a move beyond 25,236 might induce a rally toward higher level.

Views by: Rupak De, Senior Technical Analyst, LKP Securities
3:50 PM

Stock Market Comment :: Why did Sensex, Nifty fall today?

The warning signals from weak US manufacturing data added concerns about a potential slowdown in the US economy, which dragged the domestic indices.

Further, a sluggish Chinese outlook exacerbated the decline in oil price to a nine-month low. Due to a lack of major domestic triggers, the indices will take direction based on global cues.

Views by: Vinod Nair, Head of Research, Geojit Financial Services
3:47 PM

Rupee Closing Update :: Rupee ends mildly soft

>> Rupee ends 1 paise weak at 83.97 per US dollar

3:46 PM

Stock Market Closing Bell LIVE Updates :: Broader indices end mixed, SmallCaps outshine

>> BSE MidCap index slips 0.15 per cent, but the BSE SmallCap index added 0.26 per cent

3:43 PM

Stock Market Closing Bell LIVE Updates :: PSU Banks, IT stocks worst hit

>> FMCG, Pharma, Realty indices buck the weak market trend

>> PSU bank index falls 1.6%, IT 0.9%

3:42 PM

Stock Market Closing Bell LIVE Updates : ICICI Bank, SBI, Axis Bank drag Sensex

>> 19 of 30 index stocks fall

>> ICICI Bank, Axis Bank, SBI, M&M< Infosys, L&T, Tata Steel, and TCS were the top laggards

3:40 PM

Stock Market Closing Bell LIVE Updates :: Nifty ends below 25,200

>> NSE Nifty snaps 14-day winning run

>> Nifty hit intraday low of 25,083.80

3:37 PM

Stock Market Closing Bell LIVE Updates :: Sensex ends 203 points lower

>> The BSE Sensex ends over 200 points lower on Wednesday as weak global sentiment weighs

3:25 PM

Stock Market LIVE Updates: Stock in Focus - Airtel announces to deploy additional spectrum across Rajsthan

Stock Market LIVE Updates: Bharti Airtel, one of India’s leading telecommunications service providers, today, announced that it has completed the deployment of the additional spectrum it acquired in July 2024. 

Bharti Airtel shares were quoted trading at Rs1,563.15up, 0.17 per cent from its previous close of Rs 1,560.50 on the BSE. 
3:06 PM

Stock Market LIVE Updates: NCLT okays merger plan of this oil exploration company; shares surge 20%

Stock Market LIVE Updates: Shares of Oil & Gas Company, Deep Energy Resources, climbed as much as 20 per cent to hit the upper circuit of Rs 317.68 on the NSE, and Rs 316 on the BSE during intra-day deals on Wednesday. READ MORE
2:53 PM

Stock Market LIVE Updates: Natco Pharma stock rises 3% after subsidiary invests $8 mn in biotech firm

Stock Market LIVE Updates: Shares of Natco Pharma surged up to 2.61 per cent at Rs 1,568.75 per share on the BSE in Wednesday’s intraday deals. Natco Pharma share price rose after the company on Wednesday announced that its wholly owned Canadian subsidiary, NATCO Pharma Inc, has made an investment of $8 million in eGenesis, Inc, a biotechnology company. READ MORE
 
2:41 PM

Stock Market LIVE Updates: Asian Paints, Grasim lead; Wipro, Coal India drag

Stock Market LIVE Updates: Asian Paints, and Grasim Industries are leading gains on the NSE Nifty, while Wipro, Coal India are among the top laggards. 
2:30 PM

Stock Market LIVE Updates: Piramal Pharma hits record high in weak market; surges 12% on heavy volumes

Stock Market LIVE Updates: Piramal Pharma share price today:Shares of Piramal Pharma (PPL) hit a record high of Rs 216.58, surging 12 per cent on the National Stock Exchange (NSE), in Wednesday's intraday amid heavy volumes. As many as 43.42 million equity shares, representing 3.3 per cent of total equity of the pharma company, had changed hands on the NSE till 01:58 PM. By comparison, the Nifty 50 was down 0.40 per cent at 25,178.
 
2:19 PM

Stock Market LIVE Updates: AU Small Finance Bank applies for transition to Universal Bank; shares rise

Stock Market LIVE Updates: AU Small Finance Bank shares rose 2.3 per cent and registered an intraday high of Rs 692 on BSE on Wednesday, September 4. The buying interest sparked after the bank submitted an application to the Reserve Bank of India (RBI) to seek approval for the voluntary transition from a Small Finance Bank to a Universal Bank.
 
2:11 PM

Stock Market LIVE Updates: These 5 BSE A-group stocks look weak on charts; can slide up to 17%

Stock Market LIVE Updates: On Wednesday, the Sensex and the Nifty dropped nearly 1 per cent in intra-day deals amid weak cues from global peers. Market participants were expecting a price correction following a record 14-day rally in the NSE Nifty 50 index. READ MORE
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 04 2024 | 7:21 AM IST

Explore News