Sensex and Nifty 50, suffered significant losses on Thursday. The indices experienced a sharp decline, driven by huge selling activity across various sectors. Sensex shed a substantial 822 points (1.02%) to close at 79,555 While Nifty ended at 24,195 down losing 289 points(1.18%). Most sectoral indices experienced significant losses, Nifty metal sector was the day's worst performer, dropping 2.74%. Other sectors also faced declines, including auto, IT, realty, power, and pharma.
Earlier, BSE Sensex declined 845 points to 79,532 and Nifty fell 294 points to 24,189 in afternoon trade on November 7, 2024. Nifty Bank declined 438 points to 51,879 and Nifty Midcap slipped 213 points to 57,142 in afternoon trade on Thursday. Shares of Apollo Hospitals gained over 6% in trade today.
Earlier, stock market indices Sensex and Nifty are currently extending significant losses, erasing earlier gains and trading firmly in the red. While markets had rallied yesterday after Donald Trump's victory in the US presidential election, investor sentiment has now shifted towards the upcoming Federal Reserve meeting and its potential decision on interest rates.
As of 11:40 AM, the Sensex had fallen by 852 points (1.03%) to 79,525, while the Nifty 50 had declined by 265 points (1.08%) to 24,218. The majority of stocks on the Sensex are in the negative territory, with Tata Steel emerging as one of the few gainers.
Among the top laggards are Adani Energy Solutions, which is down 8%, Hindalco Industries, which has dropped 6.7%, and Blue Star Ltd. and Glenmark Pharma, among others. Sectoral performance is also broadly negative, with the Nifty Metal index leading the declines, down 2%. Losses are also observed across Nifty IT, Auto, Pharma, FMCG, Realty, and Energy sectors.
Earlier, Indian equity markets had a subdued opening on Thursday, amid mixed global signals. The BSE Sensex is down 372.84 (0.46%) to 80,005, while the Nifty slipped slightly, down 124.55 (0.51%) currently at 24,359 in early trade.
This followed a notable surge on Wednesday, when the markets responded positively to the election win of former US President Donald Trump over Kamala Harris. This caused a huge rally in both the India and US markets.
Stock market on Wednesday extended strong gains with both sensex and nifty rising more than 1 %. Market analysts suggest this upswing could be a temporary lift but might also hint at a potential shift in market direction.
LIVE Feed
Nov 07, 2024, 1:46 pm IST
Bhatia Communications & Retail Ltd Announces Record Date For Interim Dividend
Today, the shares of Bhatia Communications & Retail Ltd are priced at Rs 30.61, nearly reaching its 52-week high of Rs 38.90 and its lowest price at Rs 18.87. Further, the company has fixed a Board Meeting for November 13, 2024, to set the date on which an ordinary dividend in respect of equity shares, having a face value of RS 1 each and fully paid up, will be issued. The dividend is to be payable to such shareholders who are registered with NSDL and CDSL as of the end of business day on Wednesday, November 27, 2024.
Nov 07, 2024, 1:39 pm IST
JTL Industries Wins Important Order From Jal Jeevan Mission; Stock Split Ahead
JTL Industries Group reported on Thursday that its share price is at Rs 205.45 and has a 52-week high and low of Rs 278 and Rs 166.90 respectively. With expansion in production capacity, JTL Industries which manufactures steel tubes has progressively enhanced its leadership in the infrastructure sector, which is vital in every developing economy like India's.
Nov 07, 2024, 1:38 pm IST
BCL Industries Stock Rises 3.5% After Strong Growth Strategy and Good Financial Result
The share price of BCL Industries Ltd. appreciated by around 3.5 per cent on Thursday as it climbed to Rs 59.63 per share from Rs 57.22 fixed at the previous day's closing. Over the years, the company's stocks have quite fortunately been stable as it touched a 52-week high of Rs 86.30 and a low of Rs 45.85 which has in fact made the last five years multibagger returns of 380 percent. It should be noted that prominent investor Sangeetha S as of September 2024 held a 1.13 per cent share of the BCL further emphasizing investors' confidence in the company's performance in the future.
Nov 07, 2024, 12:59 pm IST
Top 5 Gainers and Losers Today
Stock Market Live Updates
Nov 07, 2024, 12:39 pm IST
Ather Energy Submits IPO Application to SEBI for Rs 3,100 Crore
Ather Energy Limited, a company known for its electric scooters, has submitted an application to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The draft red herring prospectus (DRHP) reveals plans to issue new shares valued at ₹3,100 crore. Additionally, 2.2 crore shares will be available through an offer for sale (OFS), with promoters Tarun Sanjay Mehta and Swapnil Babnalal Jain selling their shares.
Nov 07, 2024, 12:30 pm IST
Big Drop In Gold Price, Nov 7: 24k/100 Grams Gold Falls By Rs 17,900, Silver Down
Gold prices today witnessed sharp decline today as Republican Donald Trump won US elections to become new US president defeating Democrat Kamala Harris. Traders are now looking forward to Federal Reserve’s interest rate verdict scheduled to be declared today. Gold prices in key Indian cities witnessed decline but yellow metal recorded rally in UAE today.
24k gold prices today in Delhi slipped by Rs 1790 to Rs 78,710/10 grams and 100 grams of 24 carat precious metal prices today fell by Rs 17,900 to Rs 7,87,100. 22k gold prices today declined by Rs 1650 to settle at Rs 72,150/10 grams and 100 grams of 22 carat precious metal prices today came down by Rs 16,500 to Rs 7,21,500. 18k gold prices today edged lower by Rs 1350 to Rs 59,030/10 grams and 100 grams of 18 carat precious metal prices today turned cheaper by Rs 13,500 to Rs 5,90,300.
Gold Prices Dubai Vs Gold Price India: Gold price in India today slipped. 22k gold prices in India fell by Rs 1650 to Rs 72,000/10 grams. 24k gold prices in India slipped by Rs 1790 to Rs 78,560/10 grams and 18k gold prices today dipped by Rs 1350 to Rs 58,910/10 grams. Gold prices UAE today witnessed rally. In Indian currency, 24k gold prices today in Dubai jumped by Rs 2352 to Rs 75,953/10 grams, 22k yellow metal prices today soared by Rs 2180 to Rs 70,331/10 grams and 18 carat precious metal prices today surged by Rs 2639 to Rs 58,399/10 grams.
Nov 07, 2024, 11:51 am IST
Waaree Energies Shares Dropped By 8%
Waaree Energies' stock fell by nearly 8% on Thursday, marking its first decline since its IPO listing. The stock today opened at Rs. 3,574 reaching an intraday low of Rs. 3,354.
Nov 07, 2024, 11:43 am IST
EaseMyTrip Partners with Hyperface
EaseMyTrip.com one of India's leading online travel platforms forms a strategic partnership with Hyperface, Asia’s First Credit Cards as a Service (CCaaS) platform. This collaboration aims to enhance EaseMyTrip's card management capabilities by providing comprehensive card solutions for its existing and new customers. Hyperface will provide EaseMyTrip support for the entire customer journey, from new customer onboarding to hyper-personalised campaigns for existing customers to elevate customer engagement through enhanced digital-first experiences. The partnership will benefit EaseMyTrip’s co-branded credit and debit card programs in partnership with existing bank partners. Beyond elevating existing card programs, EaseMyTrip and Hyperface are actively working towards launching new co-branded credit card programs. These initiatives are curated to benefit EaseMyTrip customers by offering tailored benefits and rewards.
Nov 07, 2024, 11:19 am IST
TCS Signs Multi-Year Deal With Air France-KLM
Tata Consultancy Services (TCS, a global leader in IT services, consulting, and business solutions, has signed a multi-year deal to help Air France-KLM, a Europe-based global aviation leader in passenger transport, cargo transport and aeronautical maintenance, become the most data-centric airline group in the world. Over the next three years, TCS will modernize the airline group's data by moving it to cloud, promoting the next generation of data-driven aviation. This shift will help Air France-KLM exit data centers and harness the strength of the cloud, supporting a sustainable and adaptive aviation industry. The new data architecture will enable the use of data to enhance operations, drive decisions, improve functionality, and gain efficiency. TCS has partnered with Air France-KLM for 30 years to enhance reliability, social media, customer service, and e-commerce.
Nov 07, 2024, 11:00 am IST
Crude Oil Prices Rebound
Crude oil prices dropped more than 2% yesterday after Donald Trump's election victory, which supported the U.S. dollar pushing it to record high. Currently, crude oil is trading at USD 72.08 per barrel, up by 0.54%, while Brent crude is also gaining, up 0.58% at USD 75.37 per barrel.
Nov 07, 2024, 10:47 am IST
Niva Bupa Health Insurance IPO Opens Today
Niva Bupa Health Insurance Company IPO is seeing strong investor interest as the IPO subscription begins today and will conclude on November 11th
Nov 07, 2024, 10:38 am IST
Stocks In Focus
Following the release of Q2 earnings reports and recent corporate developments, key stocks to watch today include M&M, Trent, Power Grid, Tata Steel, Apollo Hospitals, Reliance Industries, and Reliance Power.
Nov 07, 2024, 10:29 am IST
US Stock Market Updates
US Stocks soared on Wednesday, with major indices reaching record levels after Donald Trump's win in the 2024 presidential election. The Dow Jones Industrial Average surged nearly 4%, closing at 43,729. The S&P 500 also reached an all-time high, climbing to 5,929, while the NASDAQ hit a peak of 18,983. Following the election results, the Dollar Index also rose to its highest level since July.
Nov 07, 2024, 10:19 am IST
Gold Price Updates
Gold Price Today: Yellow metal prices fall by Rs 1,650/10 gm, silver down by Rs 3000/kg.
On wednesday, the Indian rupee dropped to an all-time low, due to a strong surge in the U.S. dollar followed by Trump’s victory in the presidential election.
Indian rupee today opened lower than previous close with dollar currently at 84.29
Nov 07, 2024, 10:09 am IST
Stock Market Live Updates
SENSEX and NIFTY Updates
Nov 07, 2024, 10:01 am IST
Market open update
At the opening bell on Thursday the Sensex was at 80,563 higher than the previous close of
80,378.13 while Nifty was around 24,489
In the last trading session, Sensex and Nifty 50 each rose by more than 1%, marking their second straight day in positive territory after major win secured by the former US President Donald Trump in the US Elections results announced yesterday.
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