Sensex Plunges: Market Ends Lower, Nifty Below 23100

Market Close: Sensex Falls 330 Points, Nifty Below 23,100

The Indian stock market closed lower today, with the Sensex dropping by 330 points and the Nifty ending below the 23,100 mark. Small and mid-cap indices also experienced significant declines, losing up to 2.4% of their value, which erased a good portion of gains from previous sessions. While some sectors like IT and FMCG managed to stay positive, the overall market saw broad-based selling pressure.

The Nifty Smallcap 100 and Nifty Midcap 100 both saw sharp declines, impacting overall market sentiment. Several sectors faced heavy losses, with Nifty Pharma, Realty, Auto, and Banking indices being among the worst performers.

Key Market Indicators

Here’s a snapshot of today's market performance:

• Sensex: Closed at 76,190.46, down by 329.92 points or 0.43%.
• Nifty 50: Ended at 23,092.20, a decrease of 113.15 points or 0.49%.
• Nifty Bank: Closed at 48,367.80, down by 221.20 points or 0.46%.

Top Performers and Losers

While the overall market sentiment was negative, here are some of the day’s top movers:

• Top Gainer: HUL, closing at 2,368.10, with a gain of 46.40 points or 2.00%.
• Top Loser: Dr Reddys Labs, closing at 1,224.40, down by 65.00 points or 5.04%.

Sectoral Performance

Here's a look at how various sectors performed today:

• Best Performing Sector: Nifty FMCG, closing at 56069.30, up by 287.50 points or 0.52%.
• Worst Performing Sector: Nifty Pharma, closing at 21872.40, down by 470.90 points or 2.11%.

NSE Indian Indices Performance

A closer look at sectoral indices reveals the following:

• NIFTY Auto: -1.54%
• NIFTY IT: +0.4%
• NIFTY Pharma: -2.11%
• NIFTY FMCG: +0.52%
• NIFTY PSU Bank: -1.37%
• NIFTY Metal: -0.9%
• NIFTY Realty: -2.31%
• NIFTY Energy: -1.78%
• NIFTY Infra: -0.85%
• NIFTY Media: -2.6%

Market Breadth

The overall market breadth was weak, with 1,018 stocks advancing, 2,764 declining, and 115 remaining unchanged.

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Categories: nifty, sensex, stock market