In early trade, the BSE Sensex fell by 322.24 points to 79,682.80, and the Nifty 50 dropped 86.55 points to 24,252.60. This decline follows recent market gains as investors engage in profit booking. Despite the downturn, experts remain optimistic about the overall economic fundamentals.
Infosys shares fell 4.5% despite upgraded FY25 guidance. The stock drop followed the company’s Q2 financial report, which failed to meet investor expectations, resulting in a market value loss of Rs 31,327.94 crore. Here’s what led to the decline.
Key sectors, including IT, banking, and energy, contributed to the market’s upward trend. Major stocks like Infosys, Reliance Industries, and HDFC Bank were among the top gainers.
The Sensex dropped 240 points while the Nifty slipped below 25,000 in early trade, driven by global economic uncertainties and weakness in banking, IT, and energy sectors.
In early trade on Friday, the BSE Sensex surged 327 points to 82,300.44, while the NSE Nifty gained 84 points to reach 25,212.05. Major sectors, including banking and IT, contributed to the market rally, driven by positive global and domestic cues.
The benchmark indices broke their five-day losing streak after the stronger-than-expected US job report that created optimism in the markets.
The stock markets faced a significant downturn on Monday, with the Sensex falling by 1.43% to close at 83,063.67, while the Nifty slipped by 1.45% to settle at 25,422. The decline comes amid escalating geopolitical tensions between Israel and Iran, leading to increased uncertainty in global markets.
Sensex climbed 348 points to 84,647.88, while Nifty gained 96 points to 25,907.60 in early trade. Key sectors like IT, banking, and FMCG led the surge.
The Sensex and Nifty fell during the early trade amid a fall in the Asian markets. The fall comes after both the benchmark indices touched a record high in the past week.
In the opening bell on Friday, the 30-share BSE Sensex registered a marginal gain of 26 points to 85,877. Meanwhile, the Nifty was up by 7.85 points to 26,223.
The BSE Sensex hits a lifetime high of 85,836.12, while NSE Nifty reaches a record 26,216.05. Strong investor sentiment and global cues boost the market.
The Sensex surged to a record high, closing above 85,000, while the Nifty crossed the 26,000 mark, driven by gains in banking, IT, and auto sectors. Strong earnings and economic indicators fueled the rally.
Earlier on Friday, BSE Sensex soared 1,359.51 points, or 1.63 per cent, to an all-time high of 84,544.31. Similarly, Nifty also surged 375.15 points, or 1.48 per cent, to close at a record 25,790.95 on Friday.
Sensex and Nifty hit record highs after the US Fed rate cut, driving optimism in global markets. The BSE Sensex surged 236.57 points, reaching an all-time high of 83,184.80, while the NSE Nifty climbed to 25,415.80. Banking stocks led the rally, reflecting strong investor sentiment.
The market faced broad-based selling pressure across sectors, with financial, IT, and energy stocks among the top laggards. However, select FMCG and pharmaceutical stocks showed resilience, offering some support to the market.
For the first time at closing, Sensex crossed 83,000. It is for the second consecutive day that the Sensex has hit a record high. Meanwhile Nifty also touched an all-time high on Tuesday
Market experts attributed the rally to positive global cues, strong corporate earnings, and consistent foreign inflows. The rally was led by gains in banking, IT, and energy stocks, reflecting robust investor sentiment.
Key sectors, including IT, banking, and auto, faced heavy losses, contributing to the overall decline in market indices. Major stocks witnessed selling pressure, with investors remaining cautious amidst global market uncertainties.
Both indices saw strong performances across multiple sectors, contributing to the day’s upward trend. Key sectors such as IT, banking, and FMCG led the gains, while energy stocks also saw notable improvement.
Global market volatility, along with domestic economic concerns, are believed to have driven the steep decline. Investors remained cautious amid fears of rising inflation, higher interest rates, and geopolitical tensions affecting market sentiment.
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