Stock market today: The Indian stock market ended with significant losses on Tuesday, November 4, on profit booking, tracking weak global cues.
The Sensex ended with a loss of 519 points, or 0.62 per cent, at 83,459.15, while the Nifty 50 settled at 25,597.65, down 166 points, or 0.64 per cent. The BSE Midcap and Smallcap indices fell 0.26 per cent and 0.69 per cent, respectively.
Investors lost more than ₹2 lakh crore on Tuesday as the cumulative market capitalisation of firms listed on the BSE dropped to below ₹470 lakh crore from ₹472.5 lakh crore in the previous session.
Indian stock market: 10 key highlights from the day
1. Why did the Indian stock market fall today?
Lack of fresh domestic triggers and weak global cues triggered profit booking by investors.
Major global markets suffered losses on Tuesday on heavy profit booking amid growing concerns that the “mother market”- the Wall Street- could be headed for a crash due to unsustainable valuations, especially in AI and mega tech stocks. Dow Jones futures declined by a per cent.
Among European peers, France’s CAC 40, Germany’s DAX, and the UK’s FTSE 100 crashed up to 2 per cent, while in Asia, Korea’s Kospi plunged more than 2 per cent and Japan’s Nikkei fell by over a per cent.
“Indian equity markets ended lower, tracking weak global cues and broad-based selling, particularly across IT, metal, and power sectors. Investor sentiment remained subdued ahead of the holiday-shortened week,” said Vinod Nair, Head of Research, Geojit Investments.
2. Top gainers in the Nifty 50 index today
Only eight stocks managed to end in the green in the Nifty 50 index, out of which Titan Company, Bharti Airtel, and Bajaj Finance ended at the top, rising 1-2 per cent.
3. Top losers in the Nifty 50 index
Shares of Power Grid Corporation, Eternal, and Adani Enterprises ended as the top losers in the index, falling up to 3 per cent.
(This is a developing story. Please check back for fresh updates.)
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