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Bangalore Wealth Management:Stock market crash today: What led to the steep fall in Sensex stocks?

Admin88 2024-11-07 43 0

Stock market crash today: What led to the steep fall in Sensex stocks?

According to a Times Now , at around 2 pm, in the late trading hours of the day, the loser pack that weighed heavily on the benchmark Sensex index was led by Power Grid Corporation (shares down 3.38%), Maruti Suzuki (2.67%), IndusInd Bank (2%), Mahindra & Mahindra (1.8%) and Reliance Industries (1.7%).Bangalore Wealth Management

However, despite the development, a few companies managed to trade in green. Among these, Jindal Worldwide's stock emerged as the top gainer, with its share price climbing by an impressive 13.56%, followed by Rainbow Children's Medicare (7.95%), Ageis Logistics (6.52%), Dreamfolks Service (5.49%) and Hvaells India (4.47%).Hyderabad Stocks

Overall, Dalal Street investors lost about 6 lakh crore as the market capitalisation of all BSE-listed stocks fell to 386 lakh crore, The Economic Times.Pune Stock

The 30-share BSE Sensex fell by 790.34 points or 1.08 per cent to settle at 72,304.88Pune Investment. During the day, it tanked 872.93 points or 1.19 per cent to a low of 72,222.29.

The Nifty slumped 247.20 points or 1.11 per cent to settle at 21,951.15.

According to reports, the Sensex and Nifty declined due to selling in Reliance Industries and bank stocks amid weak global market trends.

Among the Sensex firms, Power Grid, IndusInd Bank, Maruti, Wipro, Tata Steel, JSW Steel, Asian Paints, Mahindra & Mahindra, Reliance Industries and UltraTech Cement were the biggest laggards.

Hindustan Unilever, Infosys and Tata Consultancy Services and Bharti Airtel were the gainers.


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