NEWS AFFAIRS 7 : WHERE EVERY STORY HAS IT'S AFFAIR!
Last updated on August 7th, 2024 at 10:42 am
Key Points:
- Nifty dropped 479 points to 24,238.
- Sensex fell by 1,563 points to 79,419.
- Investor wealth shrank by Over Rs 10 lakh crore ( particularly 10.24 crore ) now valued at Rs 446.92 lakh crore.
The Fears of a potential recession in the US economy, impacts Indian and global stock market
Tata Motors, Adani Ports, M&M, SBI, JSW Steel, and Titan are sensex top losers with losses up to 5.04%.
Nifty Top Losers are Tata Motors, Hindalco, ONGC, Shriram Finance, and JSW Steel, with losses up to 4.37%.
Market Statistics:
- Nifty Stocks in Red: 46 out of 50.
- 52-Week Highs and Lows: 88 stocks hit their 52-week highs, while 42 stocks hit their 52-week lows.
- Market Breadth: Out of 3,421 stocks, 394 were trading in the green, 2,891 in the red, and 136 remained unchanged.
- Circuit Limits: 103 stocks hit their upper circuit limits (indicating a significant rise), whereas 197 hit their lower circuit limits (indicating a significant fall).
Investor Activity:
- Foreign Institutional Investors (FIIs): Sold equities worth Rs 3,310 crore.
- Domestic Investors: Bought shares worth Rs 2,965.94 crore.
Previous Trading Session:
- Nifty declined by 293 points lower at 24,717.
- Sensex Lost 886 points, closing at 80,982.
The sharp decline in Sensex and Nifty has resulted in a substantial loss of investor wealth, amounting to Rs 10.24 lakh crore.
Most of the top stocks have seen significant drops, reflecting a broader negative sentiment in the market.
The involvement of foreign and domestic investors shows contrasting activities, with foreign investors selling off while domestic investors continue to buy. The market is showing signs of volatility and uncertainty, primarily influenced by the global economic outlook.
