The BSE benchmark tumbled 941.88 points or 1.18% to settle at 78,782.24 on November 4, 2024. File

Benchmark Sensex recovered its early losses to close sharply higher by 694 points on late Tuesday (November 5, 2024), owing to buying in banking-, steel and oil & gas shares amid firm trends in global equities.

Bouncing back from Monday’s (November 4, 2024) sharp fall, the BSE Sensex jumped 694.39 points or 0.88% to settle at 79,476.63. During the day, it soared 740.89 points or 0.94% to 79,523.13. The NSE Nifty climbed 217.95 points or 0.91% to 24,213.30.

Stock markets opened on a weak note and traded in a range with a negative bias the first half. Sensex hit a low of 78,296.70 while Nifty touched 23,842.75. Value buying in the afternoon session helped indices recover losses and closed in the green.

From the 30-share Sensex pack, JSW Steel surged nearly 5% while Tata Steel jumped nearly 4%. Axis Bank, IndusInd Bank, HDFC Bank, State Bank of India, Kotak Mahindra Bank and UltraTech Cement were also among the big gainers. Adani Ports, ITC, Bharti Airtel and Asian Paints were among the laggards.

In Asian markets, Tokyo, Shanghai and Hong Kong settled in the positive territory while Seoul ended lower. European markets were trading higher. The U.S. markets ended lower on Monday (November 4, 2024.)

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,329.79 crore on Monday (November 4, 2024), according to exchange data. Global oil benchmark Brent crude climbed 0.60% to $75.53 a barrel.

The BSE benchmark tumbled 941.88 points or 1.18% to settle at 78,782.24 on Monday (Nov. 4), the lowest closing level since August 6. The Nifty tanked 309 points or 1.27% to 23,995.35.

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Benchmark Sensex tanked nearly 942 points to settle at a three-month low while Nifty tumbled more than 1% to close below 24,000 on Monday (November 4, 2024) dragged down by heavy selling in Reliance Industries and banking shares.

The 30-share BSE Sensex tumbled 941.88 points or 1.18% to settle at 78,782.24, the lowest closing level since August 6. During the day, it slumped 1,491.52 points or 1.87 per cent to 78,232.60. The NSE Nifty tanked 309 points or 1.27% to 23,995.35.

Uncertainty ahead of the U.S. Presidential elections on November 5 and expectations of a fresh stimulus package by China to prop up growth triggered selling in Indian stocks, analysts said. Relentless selling by foreign investors also dampened the sentiments in the equity market.

Watch: How are elections conducted in the U.S?

From the 30-share Sensex pack, Adani Ports, Reliance Industries, Sun Pharma, Bajaj Finserv, NTPC, Tata Motors, Axis Bank and Titan were among the major laggards. Mahindra & Mahindra, Tech Mahindra, State Bank of India, HCL Technologies, Infosys and IndusInd Bank were the gainers.

Foreign institutional investors (FIIs) offloaded equities worth ₹211.93 crore on Friday (November 1, 2024,) according to exchange data.

Foreign investors pulled out a massive ₹94,000 crore (around $11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows, triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks.

A committee of China’s National People’s Congress is meeting this week triggering speculation that the government may endorse major spending initiatives to boost the economy.

In Asian markets, Seoul, Shanghai and Hong Kong settled higher. European markets were trading mostly higher. The U.S. markets ended in positive territory on Friday (November 1, 2024.) Global oil benchmark Brent crude climbed 2.57% to $74.98 a barrel.

Leading stock exchanges BSE and NSE conducted a one-hour special ‘Muhurat Trading’ session on the occasion of Deepavali on November 1, marking the start of the new Samvat 2081.

The BSE benchmark climbed 335.06 points or 0.42% to settle at 79,724.12 in the special Muhurat trading session on Friday (November 1, 2024.) The Nifty advanced 99 points or 0.41% to 24,304.35.