Stock market today: Sensex ends 126 points lower, Nifty at 22,600
The Sensex fell 125.56 points to 73,123.83 and the Nifty 50 lost 87.65 points to 22,600 on October 23, the Sensex's fourth straight fall, as Brent crude rose to about 114 dollars and midcap and smallcap indices dropped more than 2%.
The Sensex closed at 73,123.83, down 125.56 points.
The Nifty 50 closed at 22,600, down 87.65 points.
Metal and realty indices fell the most.
Crude oil hit a five-month high.
Gold and silver prices also fell.
Business Standard describes it as the Sensex’s fourth straight daily decline.
The Nifty Midcap 100 index fell 2.21% and the Nifty Smallcap 100 index fell 2.94%, according to Kotak Neo.
The Nifty Metal index fell 2.71% and the Nifty Realty index fell 2.38%, according to the same report.
ANI’s headline says all sectors closed in the red.
Business Standard’s headline says the volatility index, or VIX, rose 6%.
Brent crude December futures were at 114.29 dollars a barrel and WTI at 101.03 dollars around 3:37 pm, according to Kotak Neo.
Prices kept rising after a 4% jump in the previous session and reached a five-month high, according to the same report.
Kotak Neo links the rise to Houthi attacks on Saudi Arabia and the related supply concerns.
MCX gold December futures were at Rs 1,42,734 per 10 grams, down 0.40%, and silver December futures were at Rs 1,95,600 per kilogram, down 2%, according to Kotak Neo.
The report attributes the decline to rising crude prices and global uncertainty.
Foreign investor selling and Middle East tensions were also cited by the reports.
HPCL refinanced about Rs 50,000 crore of debt for its Rajasthan refinery, cutting borrowing costs by nearly 105 basis points, according to Kotak Neo.
The Jio Platforms IPO drew more than one crore applications, according to the same report.
On Thursday, October 22, the Sensex had closed at 73,249.39, down about 460 points, according to Business Standard.
On Wednesday, October 21, the Sensex had closed at 73,709.69, according to Free Press Journal.
The Kotak Neo article expects choppy trading, with crude prices and Middle East tensions keeping investors cautious, and says buying by domestic and foreign institutions could offer some support.
BSE building, Mumbai (file image), Wikimedia Commons, CC BY 2.0
Reporting for Hindustan Hunt on news and stories from across India.
