New Delhi: The last trading day of September 2024 saw a tremendous decline in the stock market, which ruined the entire month's gains. On this day, both Sensex and Nifty closed with a big decline. The market crashed due to heavy selling, especially in banking and auto sector stocks, and weakness in Reliance Industries shares. At the end of trading, the Sensex closed at 84,299 with a decline of 1,272 points, while the Nifty closed at 25,811 with a decline of 368 points.
Which stocks rose and which fell?
In today's session, only 5 out of 30 Sensex stocks closed with gains while 25 stocks declined. Major gainers were JSW Steel 2.86%, NTPC 1.27%, Tata Steel 1.17%, Titan 0.41%, and Asian Paints 0.22%. Major losers were Reliance 3.23%, Axis Bank 3.12%, ICICI Bank 2.58%, Nestle 2.12%, Tech Mahindra 2.10%, Mahindra & Mahindra 2.03%, and Maruti Suzuki 1.99%.
Investors lost Rs 3.70 lakh crore.
Today's huge fall has come as a big shock to investors. The total market cap of companies listed on BSE has come down to Rs 474.25 lakh crore, which was Rs 477.93 lakh crore in the previous session. Due to this fall, investors have suffered a loss of about Rs 3.68 lakh crore.
Which sectors saw a decline?
The biggest sell-off in the market was seen in banking stocks. Nifty Bank also closed with a huge decline of 857 points. Apart from this, auto and IT stocks also looked weak. There was also selling in pharma, FMCG, energy, consumer durables, healthcare, and oil and gas sectors. However, some stocks of the metals and media sector gave some support and closed with gains. Midcap and smallcap stocks also saw a decline.
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