All the details of todays stock market Movement (04.11.2024).
Market Overview
- BSE Sensex: Dropped by 1,400 points to 78,300.
- Nifty 50: Fell to 23,850.
- Sectoral Performance: Oil, Auto, and PSU Bank sectors were the main contributors to the decline.
Global Influences
- US Presidential Elections: Scheduled for November 5, causing uncertainty in global markets.
- US Federal Reserve Meeting: Monetary policy meeting on November 7-8, impacting investor sentiment.
Market Sentiment
- Foreign Institutional Investors (FII): Net sold Indian equities worth Rs 211.93 crore.
- Domestic Institutional Investors (DII): Net sold equities worth Rs 377.33 crore.
Sectoral Gainers and Losers
- Top Gainers: Auto index (+1.24%), Realty, Consumer Durables, Oil & Gas, and PSU Bank Indices.
- Top Losers: Oil, Auto, and PSU Bank sectors.
Market Activity
- Trading Volume: High activity with significant selling pressure.
- Market Capitalization: Reflects the overall market value of listed companies.
Notable Stocks
- Zen Technologies: Reported a 309% rise in net profit to Rs 62.6 crore in Q2.
- ICICI Bank: Q2 net profit jumped 14% to Rs 11,746 crore.
Market Outlook
- Short-term: Volatility expected due to global events and upcoming US elections.
- Long-term: Optimism remains for sectors like technology, healthcare, renewable energy, and infrastructure.
