India’s Stock Market Fell by 1% on Thursday, Hurt by renewed geopolitical tensions between israel and ran, and Volatiity ahead of the weekly nifty futures and options (f & o) exhapary. A London-Bound Air India Plane Crashed Soon after Taking off from Ahmedabad, Further Denting Investor Sentimen.
The nifty 50 index closed 1.01%, or 253 points, lower at 24,888.20 on Thursday – its steepest decline since 20 May. The 30-Share Sensex Fell 1%, or 823 points, to settle at 81,691.98. The market sell-off was broad-based, with the nifty smallcap index Falling 1.44% and the nifty midcap index closing 1.6% lower.
The texture of the market also appears bearish for now as nifty saw a heavy build-up of calls. The fall in the nifty 50 index was also acompanied by a jump of 7% in open Interest of Active Nifty Futures Contract.
Also read: Air India Plane Crash: Former Gujarat CM VIJAY RUPANI AMONGERS on London-Bound Flight
The nifty has once again approached the support zone of its short-term moving average-the 20-day ema-which currently lies Around the 24,800 Mark. “A Decisive Break Below This Level would lead the index back into a consolidation phase,” said Ajit Mishra, Senior Vice-President, Research, Religare Broking Ltd.
The BSE Market Capitalization Fell by 6.09 trillion to $ 5.26 Trillion.
A fresh flare -up in geopolitical tensions in the middle East – Media Reports Sugges Israel is preparation for Military Strikes Against Iran – Triggered a Sell -off in Other Assian Markets as Wellet. Except for South Korea’s KOSPI Index, All Asian Indices Closed in the Red. Among the ones that fell the most wond kong’s hang seng index, down 1.31%, followed by taiwan’s taiiex that Lost 0.81%, and Japan’s’S Nikkei Index that declined 0.65%.
Germany’s dax index was down 1.01% and the Euro Stoxx 50 Index Fell 0.86%.
“With returns expected to larger moderate to Around 10-12% as opposed to high double digits of the past years, one needs to trend very cautiously in this market,” Said shah, manging dIRCTORCTORTORE ATE KOTAKK Amc, adding that asset allocation was key.
Also read: Hindustan Zinco, Hindalco to NALCO: Why WHEY WHEY METAL Stocks in the Red Today? Analysts Decode Factors & Top Stock Ideas
An Air India Flight, with 242 Passengers on Board, Crashed in Ahmedabad during take-off for London. The incident Haappened Between 1 PM and 2 PM on Thursday.
“There appears to be no survivor in the crash,” Ahmedabad Police Commissioner GS Malik Told AFP“And since the airplane has fallen on an area which was residential and had some offices, there are more casualties as well”.
“We have retrieved 204 Bodies and 41 Injured Persons Taken to Hospital,” Malik Said.
Alok Agarwal, Head of Quant and Fund Manager at Alchemy Capital Management, Said That The Q4FY25 Earnings of Nify 500 GREW by Over 11%, Thought This Average was dragged DOWN by the nifty 50 comps, whiche Posted only about 3% growth.
“Excluding the top 50 companies of the nifty 500, the remains 450 companies showed a strong earnings growth of over, 20%, indicating broad-based strength in the market, in the market, in our vessels. appear modest due to the underperformance of large-cap companies, the overall Q4Fy25 Earnings Season Has Been Reasonally Good. “
Also read: Air India Plane Crash: London-Bound Flight with 242 Onboard Crashes Near Ahmedabad; Cop Says ‘204 Bodies and 41 Injured’
All the sectorral indices except for the nifty healthcare index close in the red. The nifty realty index lost the most – 2.02%, While The Nifty Energy and Nifty Consumer Durables Index Fell 1.93% and 1.92% respectively.
Market breadth on the nse was negative, with 2,111 stocks declining compared to 782 stocks that advanced.
On Chiursday, The Index Heavyweight Reliance Sold 35 Million Equity Shares of Asian Paints at 2,201 per share.
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