Stock Market: Sensex dropped 311 points in early trade as a result of the pattern of the elections in Haryana and Kashmir.

 

Stock Market: Of the thirty companies included in the BSE Sensex, Tata Steel lost the most money as soon as the stock market began to operate. At Rs 158.30 a share, the stock is down 3.65% from its peak.

Stock Market: Seeing the beginning trend of counting of ballots for Haryana and Jammu and Kashmir assembly elections with poor mood abroad, the domestic stock market took a rough start on Tuesday, October 8, 2024. The main sensitive index of the Bombay Stock Exchange (BSE), the Sensex, opened at 80,826.56 points after falling by roughly 311.6 points at market opening. The National Stock Exchange's (NSE) Nifty likewise began trading at 24,771.50 points at the same moment, down 24.25 points. The Nifty fell 218.85 points, or 0.87%, to settle at 24,795.75 points on Monday, while the Sensex fell 550.85 points, or 0.67%, to close at 81,137.60 points.

The largest loss on the BSE Sensex is incurred by Tata Steel.

Of the thirty businesses listed on the BSE Sensex, Tata Steel lost the most money as soon as the stock market opened for business. At Rs 158.30 a share, the stock is down 3.65% from its peak. In addition, there is a decline in the share prices of other BSE Sensex businesses, including Tech Mahindra, Bajaj Finance, ITC, Tata Motors, JSW Steel, HCL Technologies, Titan, Infosys, Powergrid, TCS, and Nestle India.

Stock Market: Sensex dropped 311 points in early trade as a result of the pattern of the elections in Haryana and Kashmir.https://t.co/MVgscLDHyc pic.twitter.com/tOQw4LHblM

— 🤝Oysis Digital Shop 🪴 (@horo_oysis) October 8, 2024

 

The most profitable company is UltraTech Cement.

Among the 30 businesses that make up the BSE Sensex, UltraTech Cement's stock is rising despite the market's weakness. Its stock has gained 1.42% and is currently trading at Rs 11392.25 per share. In addition, the stocks of Larsen & Trubo, Axis Bank, State Bank of India, HDFC Bank, ICICI Bank, Adani Ports, Reliance, and Hindustan Unilever are all trading higher.

severe drop in Asian markets

Among the main Asian stock markets, there has been a notable decrease in the Nikkei 225 in Japan, the Hang Seng in Hong Kong, and the Kospi in South Korea. Nonetheless, a significant trend is visible in China's Shanghai Composite. The movement in European markets was inconsistent. The US markets ended Monday's trading session down. Gold dropped 0.03% on the global market to settle at $2,642.20 an ounce. On Monday, the price of a barrel of Brent crude fell by 1.60% on the international oil market.

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