Closing Bell: Sensex Drops 427 pts, Nifty 126 pts; Small-Caps Gain 1.5%

India’s benchmark indices, the BSE Sensex and NSE Nifty50, declined on October 30, 2024, breaking a 2-day winning streak amid mixed global signals. 

The Sensex closed down by 426.85 points (0.53%) at 79,942.18, while the Nifty50 dropped 125.99 points (0.51%) to 24,340.85.

Sectoral Performance

FMCG, capital goods, and media sectors recorded gains between 0.5% and 2%, while banking, pharma, and IT sectors each saw a 1% decline. The BSE Midcap index ended flat, but the small-cap index rose by 1.5%.

Top Gainers and Losers

Of the 50 Nifty stocks, 31 closed in the red. Major decliners included Cipla, Shriram Finance, Infosys, HDFC Life Insurance, and Trent, with losses of up to 4.03%. Conversely, Adani Enterprises, Tata Consumer Products, Hero MotoCorp, Britannia Industries, and Maruti Suzuki India were among the 19 gainers, rising up to 3.74%.

Oil Prices

As of October 30, 2024, at 3:42 PM, Brent Crude was priced at $71.50, marking a 0.53% increase.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.