Closing Bell: Sensex, Nifty End in Red; Cipla Leads Gainers on October 31

On October 31, 2024, both the BSE Sensex and NSE Nifty50 ended the day lower. The BSE Sensex closed at 79,389.06, down by -553.12 or 0.69%. Similarly, the Nifty50 also closed at 24,205.35, down by −135.50 or 0.56%.

Key Highlights

• Cipla shares gained 10% after receiving USFDA approval for a significant drug.
• The rupee hits a record low of 84.09 against the dollar amid persistent outflows.
• Nifty IT drops 3%, impacting overall market performance.
• Dabur shares slipped following a dip in Q2 profit results.
• Sensex and Nifty drop, influenced by weak corporate earnings and foreign fund outflows, echoing global market trends.

Sectoral Performance

On Thursday, NIFTY Media, NIFTY Pharma and NIFTY Healthcare ended in green. Nifty Bank, Nifty Auto and Nifty Financial Services ended in the red. Nifty FMCG and Nifty Consumer Durables dropped more than 0.9%. 

Top Gainers and Losers

On Thursday, the top gainers on the Nifty included Cipla , Larsen & Toubro and Dr Reddy’s Laboratories. In contrast, the top losers were Tech Mahindra, HCL Technologies and TCS.

Oil Prices

As of October 31, 2024, at 04:21 PM, Brent Crude was trading at $72.63, up by 0.11%.

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.