Markets Live: Impact of Sensex Drop on Stock Market Today
Sunday, 6 October 2024, 19:20
Stock Market Updates for October 7, 2024
On October 7, 2024, the BSE Sensex declined by 638.45 points or 0.78 percent, closing at 81,050. In a similar trend, the NSE Nifty50 fell by 218.85 points or 0.87 percent, finishing at 24,795.75. The market was primarily dragged down by sectors such as Adani Ports, NTPC, and Coal India.
Sector Performance
- 40 out of 50 Nifty constituent stocks closed in the red.
- Nifty Midcap 100 fell by 2.01 percent, and Nifty Smallcap 100 dropped by 2.75 percent.
- Only select stocks like ITC, Bharati Airtel, and Infosys managed to post gains.
Fear Index Rises
The India VIX increased by 6.74 percent to close at 15.08, reflecting increased market uncertainty. Overall, all sectoral indices, except for Nifty IT, witnessed declines:
- PSU Bank and Media indices down over 3 percent.
- OMCs and Metal indices fell by over 2 percent.
- Bank Nifty and Financial Services indices lost over 1 percent.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.