- Nifty 25,796 [-13.95] 0.05
- Sensex 84,266 [-33.49] 0.04
Stock Market Today: On October 1, 2024, the Sensex closed at 84,266, down 0.04%, while the Nifty ended at 25,796, losing 0.05%. Sectors like banking and energy dragged the indices, but IT and auto stocks provided some support.
Reasons for Sideways Market
- Investors faced mixed signals from global markets, including remarks from Federal Reserve Chair Jerome Powell, which dampened expectations of aggressive interest rate cuts. This uncertainty led to cautious trading.
- After a recent rally, investors took profits in sectors such as energy and infrastructure, leading to selling pressure that offset gains in tech and auto stocks.
- Global events such as tensions in the Middle East and concerns about the Chinese economy shifting funds impacted market sentiment, keeping trading subdued.
Top Losers Today
Nifty
IndusInd Bank: – 2.66
ONGC: – 1.75
Asian Paint: – 1.63
Sensex
IndusInd Bank: – 2.68
Asian Paint: – 1.54
HUL: – 1.27
Sectors of the Day
Nifty Oil & Gas: – 0.67
Nifty Realty: – 0.20
Nifty Financial Services: – 0.13
Also Read: Stock Market Holidays in October 2024 – Plan Ahead for 9 Days Off – Check the Details!
IPO Performance
- TechEra Engineering Limited IPO shares are expected to be listed on the NSE SME platform around October 03, 2024.
- KRN Heat Exchanger and Refrigeration Limited IPO shares are expected to be listed on the NSE SME platform around October 03, 2024.
- Unilex Colours and Chemicals Limited IPO shares are expected to be listed on the NSE SME platform around October 03, 2024.
- Thinking Hats Entertainment Solutions Limited IPO shares are expected to be listed on the NSE SME platform around October 03, 2024.
Key Events to Track For 3rd 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.