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Sensex, Nifty Plunge Over 2% Amid Broad-Based Sell-off

5 Aug 2024 , 03:52 PM

Indian benchmark indices experienced significant losses on August 5, with the Nifty closing at 24,050. The market witnessed a broad-based sell-off, leading to substantial declines across various sectors.

Market Performance

At the close of trading:

  • Sensex: Down by 2,222.55 points, or 2.74%, ending at 78,759.40
  • Nifty: Down by 662.10 points, or 2.68%, settling at 24,055.60

The market breadth was notably negative, with 471 shares advancing, 3,082 shares declining, and 88 shares remaining unchanged.

Key Losers and Gainers

Among the Nifty components, the biggest losers included:

  • Tata Motors
  • Adani Ports
  • ONGC
  • Hindalco
  • Tata Steel

On the other hand, the top gainers were:

  • HUL
  • Nestle
  • Tata Consumer
  • HDFC Life

Sectoral Performance

All sectoral indices ended in the red, with significant declines observed in:

  • Auto: Down 4%
  • Metal: Down 4%
  • Capital Goods: Down 4%
  • Oil & Gas: Down 4%
  • Power: Down 4%
  • Media: Down 4%
  • Realty: Down 4%

Midcap and Smallcap Indices

The broader market also faced heavy selling pressure:

  • BSE Midcap Index: Fell by 3.6%
  • BSE Smallcap Index: Dropped by 4.2%

 

Related Tags

  • BSE
  • closing bell
  • nifty
  • NSE
  • sensex
  • stock market news
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