Home / Business / Stock market today News: Sensex down 153 points & Nifty down 71 points

Stock market today News: Sensex down 153 points & Nifty down 71 points

On Tuesday, October 15, 2024, the major indices of the Indian stock market suffered losses, especially the shares of large companies such as Reliance Industries, Bajaj Finance and Bajaj Auto. The Sensex closed 153 points (0.19%) lower at 81, 820.12, while the Nifty fell 50.71 points (0.28%) to 25, 057.35.]

Global cues, disappointing Q2 earnings and concerns over sustained inflation weighed on the markets. However, the sharp fall in oil prices has brought some relief. Brent crude oil prices fell more than 5% to near $73 per barrel.

There are several reasons that affect the market:

Disappointing Q2 results: Reliance Industries’ net profit fell, causing the company’s stock to fall 2.06%.

Inflation concerns: Retail inflation rose to a nine-month high of 5.49 per cent in September. The rise was driven by rising food prices, which dashed expectations of an interest rate cut.

Global Volatility: There were mixed signals in the European and American markets, which indicated a weakening of global demand.

However, mid-cap and small-cap stocks outperformed. The BSE Midcap index was up 0.25 per cent, while the BSE Smallcap index was up 1.05 per cent. The real estate sector grew the most, but the metal and auto sectors declined.

According to experts, the market can remain stable for now, and the key support levels are 25,000 for Nifty and 81,500 for Sensex.


Tags: , ,
Scroll to Top
Budget 2024 impacts on mutual funds, three categories of taxation OnePlus Nord CE 4 Lite Quick Review
Budget 2024 impacts on mutual funds, three categories of taxation OnePlus Nord CE 4 Lite Quick Review