- Nifty 25,250 [-546.80] 2.12
- Sensex 82,497 [-1,769.19] 2.10
Stock Market Today: On October 3, 2024, the Sensex closed at 82,497, down 2.10%, while the Nifty ended at 25,250, losing 2.12% due to escalating geopolitical tensions in the Middle East.
Reasons for Market Downturn
- Rising tensions in the Middle East, especially after Iran’s missile attacks on Israel, have raised fears of a larger conflict. This uncertainty has caused investors to sell off stocks.
- SEBI has introduced stricter rules for trading in equity derivatives, making it more expensive and limiting the options available for trading.
- Market participants believe that the above changes could reduce new movements in trading, creating a more challenging environment.
- With crude oil prices going up due to concerns over potential supply problems in the Middle East, the market reacted negatively.
Top Losers Today
Nifty
BPCL: – 5.00
Shriram Finance: – 4.42
LT: – 4.05
Sensex
Larsen: – 4.18
Axis Bank: – 4.12
Tata Motors: – 4.08
Sectors of the Day
Nifty Realty: – 4.36
Nifty Auto: – 2.88
Nifty Oil & Gas: – 2.72
- BPCL shares fell today due to a spike in crude oil prices amid rising geopolitical tensions in the Middle East.
Also Read: Reliance Power Shares Surge on Bhutan Projects
IPO Performance
- Paramount Dye Tec Limited IPO’s allotment is scheduled for October 04, 2024.
- Subam Papers Limited IPO’s allotment is scheduled for October 04, 2024.
- NeoPolitan Pizza and Foods Limited IPO’s allotment is scheduled for October 04, 2024.
Key Events to Track For 4th October 2024
- Monitor international markets for any significant developments or trends that could impact Indian markets.
- Keep an eye on scheduled economic data releases such as GDP figures, industrial production data, or inflation reports, as they can influence market sentiment and direction.
- Track earnings announcements from major companies across sectors, to gauge the health of the corporate sector and anticipate market reactions.
- Stay informed about any policy announcements or decisions by the Indian government, as they can impact market sentiment and specific industries.
- Stay updated on global events as they can affect Indian markets and investor sentiment.