Stock Market (Sensex and Nifty) Fall for 2nd Day; ₹7 Lakh Crore Investor Wealth Wiped Out

The Indian stock market closed lower on November 24 as investors booked profits amid mixed global trends. The Sensex fell 331 points to ₹84,900.71, and the Nifty 50 dropped 109 points to ₹25,959.50. Midcap and Smallcap indices also ended in the red, down 0.27% and 0.83%, respectively.

In just 2 sessions, the Sensex has slipped 732 points (0.85%), wiping out nearly ₹7 lakh crore in investor wealth. The total market capitalisation of BSE-listed companies fell from ₹476 lakh crore to ₹469 lakh crore.

Why Did the Stock Market Fall?

The market reacted to profit booking after recent gains. Investors are waiting for updates on the India–US trade deal, which may influence market direction.

Top Gainers and Losers in Nifty 50

SBI Life Insurance (+2.60%), Tech Mahindra (+2.42%), and Eicher Motors (+1.62%) were the top performers.

BEL (–3.23%), JSW Steel (–2.37%), and TMax Healthcare Institute (–2.37%) were among the biggest losers. A total of 39 stocks ended in the red.

Sector Performance

Except for Nifty IT (+0.41%), all sectoral indices declined.

• Nifty Realty plunged 2.05%
• Metal and Consumer Durables fell over 1%
• Nifty Bank slipped 0.05% to ₹58,835.35

Stocks That Jumped Over 12%

Companies like Bharatrohan Airborne Innovations, Jet Freight Logistics, Shyam Century Ferrous, and VLS Finance were among the 10 stocks that rallied more than 12% on the BSE.

Over 90 Stocks Hit 52-Week Highs

Top names such as Axis Bank, AU Small Finance Bank, Federal Bank, SBI Life, Shriram Finance, Hero MotoCorp, and Eicher Motors touched fresh 52-week highs.

Also Read: Adani Enterprises Rights Issue Set to Open on November 25: All You Need to Know!

Nearly 360 Stocks Hit 52-Week Lows

359 stocks, including UBL, Thermax, and Colgate Palmolive (India), touched their 52-week lows, showing widespread weakness.

Conclusion

Markets remained under pressure for the second day as investors booked profits ahead of key global and domestic events. 

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