The Nifty 50 finished at 25,959.50, down 109 points, or 0.42%, while the Sensex closed at 84,900.71, down 331 points, or 0.39%. The final losses for the BSE Midcap and Smallcap indices were 0.27% and 0.83%, respectively.
On Monday, November 24, the Indian stock market closed lower due to profit booking across all segments amid conflicting signals from around the world.The Nifty 50 ended at 25,959.50, down 109 points, or 0.42%, and the Sensex closed at 84,900.71, down 331 points, or 0.39%, extending losses to the second straight session. The final losses for the BSE Midcap and Smallcap indices were 0.27% and 0.83%, respectively.
The total market capitalization of BSE-listed companies was ₹469 lakh crore, down from ₹476 lakh crore on Thursday, November 20. The Sensex has dropped by 732 points, or 0.85%, in just two sessions, and investors have lost ₹7 lakh crore.
Ten major highlights from the first day of the Indian stock market.
Ten major highlights from the first day of the Indian stock market.
1. What caused the stock market in India to decline?
Due mostly to profit booking after recent advances, the domestic market finished in the red. Investors are waiting for clarification on the possible trade agreement between the US and India.
Due mostly to profit booking after recent advances, the domestic market finished in the red. Investors are waiting for clarification on the possible trade agreement between the US and India.
"The Nifty 50 indexes were unable to hold above the crucial threshold of 26,000, and the market finished with a drop in the final 30 minutes, driven by Monday expiry, following a range-bound bullish session. Vinod Nair, Head of Research at Geojit Investments, said that investor sentiment remained cautious due to significant event risk, such as delays in finalizing the interim US-India trade agreement.
The market rise is being restrained by some ongoing worries about valuations in the mid- and small-cap groups. Experts predict that market mood will be impacted by the impending macroeconomic data, which includes the Q2 GDP announcement on November 28.
The market rise is being restrained by some ongoing worries about valuations in the mid- and small-cap groups. Experts predict that market mood will be impacted by the impending macroeconomic data, which includes the Q2 GDP announcement on November 28.
2. Today's top gainers in the Nifty 50 index
The top gainers in the Nifty 50 index were shares of Eicher Motors (up 1.62%), Tech Mahindra (up 2.42%), and SBI Life Insurance Company (up 2.60%).
3. The Nifty 50 index's top losers
The index's biggest losers were shares of BEL (down 3.23%), JSW Steel (down 2.37%), and TMax Healthcare Institute (down 2.37%). Up to 39 equities in the index finished lower.
4. Today's sectoral indicators
All sectors indices finished lower, with the exception of Nifty IT, which was up 0.41%.
Metal and consumer durables both down more than 1%, while Nifty Realty plummeted 2.05%.
Nifty Bank finished at 58,835.35, down 0.05 percent.
The top gainers in the Nifty 50 index were shares of Eicher Motors (up 1.62%), Tech Mahindra (up 2.42%), and SBI Life Insurance Company (up 2.60%).
3. The Nifty 50 index's top losers
The index's biggest losers were shares of BEL (down 3.23%), JSW Steel (down 2.37%), and TMax Healthcare Institute (down 2.37%). Up to 39 equities in the index finished lower.
4. Today's sectoral indicators
All sectors indices finished lower, with the exception of Nifty IT, which was up 0.41%.
Metal and consumer durables both down more than 1%, while Nifty Realty plummeted 2.05%.
Nifty Bank finished at 58,835.35, down 0.05 percent.
5. The most active stocks on the NSE in terms of volume were Vodafone Idea (67.5 crore shares), YES Bank (13.9 crore shares), and Jaiprakash Power Ventures (12 crore shares).
6. Ten equities on the BSE rise by more than 12%.
Ten stocks on the BSE saw increases of more than 12%, including Bharatrohan Airborne Innovations, Jet Freight Logistics, Shyam Century Ferrous, and VLS Finance.
7. Ratio of advance to decline
1,209 of the 4,449 equities that were traded on the BSE saw increases, while 3,033 saw decreases. There were about 207 stocks that did not move.
8. More than 90 stocks reached 52-week highs
6. Ten equities on the BSE rise by more than 12%.
Ten stocks on the BSE saw increases of more than 12%, including Bharatrohan Airborne Innovations, Jet Freight Logistics, Shyam Century Ferrous, and VLS Finance.
7. Ratio of advance to decline
1,209 of the 4,449 equities that were traded on the BSE saw increases, while 3,033 saw decreases. There were about 207 stocks that did not move.
8. More than 90 stocks reached 52-week highs
During intraday trading on the BSE, about 93 equities, including AXIS Bank, AU Small Finance Bank, Federal Bank, SBI Life Insurance Company, Shriram Finance, Hero MotoCorp, and Eicher Motors, reached their 52-week highs.
9. Almost 360 stocks fell to 52-week lows
During intraday trading on the BSE, up to 359 equities, including UBL, Thermax, and Colgate Palmolive (India), fell to their 52-week lows.
10. The technical prognosis for Nifty
The 20-day EMA zone between 25,850 and 25,800 will be a crucial support level for the Nifty, according to Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities. The 26,100–26,130 range will be a significant obstacle on the upward.
9. Almost 360 stocks fell to 52-week lows
During intraday trading on the BSE, up to 359 equities, including UBL, Thermax, and Colgate Palmolive (India), fell to their 52-week lows.
10. The technical prognosis for Nifty
The 20-day EMA zone between 25,850 and 25,800 will be a crucial support level for the Nifty, according to Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities. The 26,100–26,130 range will be a significant obstacle on the upward.
"A decisive move beyond either of these levels will likely determine the next directional trend for the market," Shah stated.
A further retracement is probable if the index begins or closes below the 10-day EMA at 25,950, which might take it into the 20-day EMA at 25,850 levels, according to Vatsal Bhuva, Technical Analyst at LKP Securities.
"Support for the index stands at 25,850, and a cautious stance is advisable if it breaks below this level, while resistance remains at 26,100," Bhuva stated.
A further retracement is probable if the index begins or closes below the 10-day EMA at 25,950, which might take it into the 20-day EMA at 25,850 levels, according to Vatsal Bhuva, Technical Analyst at LKP Securities.
"Support for the index stands at 25,850, and a cautious stance is advisable if it breaks below this level, while resistance remains at 26,100," Bhuva stated.
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