Sensex Today Tanks 1,272 Points | Nifty Ends Below 25,850 | 5 Reasons Why Indian Share Market is Falling

Mon, 30 Sep Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the negative note, Indian share markets Slipped further as the session progressed and ended the day weak.

Indian benchmarks, Sensex and Nifty, both dropped over 1 percent on September 30 as investors continued to book in profits at record-high levels, deepening the losses from the previous session.

At the closing bell, the BSE Sensex stood lower by 1,272 points (down 1.5%).

Meanwhile, the NSE Nifty closed lower by 357 points (down 1.4%).

NTPC, Tata Steel and Britannia were among the top gainers today.

Trent, Axis Bank and Reliance on the other hand, were among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

The GIFT Nifty ended at 26,004 down by 349 points.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets ended the day negative. The BSE Mid Cap ended 0.3% lower and the BSE Small Cap index ended flat.

Barring metal sector all other sectoral indices are trading on negative note with stocks in banking sector, auto sector, realty sector and finance sector witnessing buying most selling pressure.

Shares of Hitachi Energy, Britannia and Colgate hit their respective 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 83.79 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% higher at Rs 75,853 per 10 grams.

Meanwhile, silver prices are trading marginally higher at Rs 91,504 per 1 kg.

Here are five reasons why Indian Markets are falling today

#1 Rising Tension in the Middle East

Israel's intensified strikes on Iranian-backed forces have heightened fears of escalating conflict in the Middle East. Tensions spiked after Israel killed Hezbollah leader Sayyed Hassan Nasrallah in Beirut, triggering further attacks on Hezbollah in Lebanon and Houthi forces in Yemen.

While Middle East tensions are not new to markets, the recent escalation have raised concerns amongst investors, prompting a shift away from riskier equities toward safe-haven assets like gold.

#2 China Stimulus

A significant factor influencing foreign portfolios is the outperformance of the Chinese stocks which is reflected in the massive surge in the Hang Seng index by around 18 percent in September.

#3 Mixed Global Cues

Mainland China stocks surged 4 percent today after September's PMI came in at 49.8, beating the expected 49.5 polled by Reuters. However, this marked a fifth straight month of contraction for the manufacturing sector in China.

Separately, Japan's Nikkei 225 plunged over 5 percent as investors reacted to Shigeru Ishiba's win in the Liberal Democratic Party elections, set to make him Japan's next prime minister.

#4 Profit Booking

Before the decline that began in the previous session, Nifty and Sensex witnessed a robust six-session rally that saw gains of over 3 percent due to the outsized US interest rate cut which bolstered expectations of more foreign inflows. A lack of major triggers prompted investors to cash in on recent gains.

#5 Nervousness Ahead of US data

Investors are cautious ahead of several crucial events this week, starting with Federal Reserve Chair Jerome Powell's speech today. Key data releases, including job openings, private hiring figures, and ISM manufacturing data, are also expected.

The week will conclude with the US nonfarm payroll report and US unemployment rate report, which could impact future rate decisions.

Speaking of the stock market, ever wondered why NTPC, a seemingly boring PSU, has outperformed market favourites like HUL and Nestle?

Rahul Shah, Co-head of Research at Equitymaster talks about the secrets behind its transformation and assess whether it's still a good investment.

Tune in for more

Why Aurobindo Pharma Share Price is Falling

In news from the pharma sector, shares of Aurobindo Pharma dropped 4.5% on 30 September after the Telangana manufacturing unit of the drugmaker's arm Apitoria Pharma was issued 10 observations by the US Food and Drug Administration.

The US drug regulator conducted its inspection of the Telangana API (Active Pharmaceutical Ingredient) manufacturing unit on September 23-27.

The company further stated that these observations are procedural in nature and will be responded to within the stipulated time.

Ola Electric Slips 4%. Here's Why

Moving on to news from the auto sector, shares of Ola Electric Mobility fell more than 4% in the trade on 30 September, which also took the stock below the Rs 100 mark for the first time since its market listing. Moreover, the stock has also been in the red for 12 out of the last 14 sessions.

In a bid to boost EV penetration in tier-2 and tier-3 cities, the company recently launched its 'network partner program'.

Ola Electric has already onboarded 625 partners to expand its sales presence across India, with plans to reach 1,000 partners before the upcoming festive season.

Ola Electric's sales dropped by 34% in August. With the monthly auto data for September slated to be out tomorrow, investors are keen to see if weakness in sales for Ola Electric persisted in the month gone by.

Ola Electric Mobility is a leading electric vehicle (EV) manufacturer in India, specialising in the vertical integration of technology and manufacturing for EVs and their components, including battery cells.

Bajaj Steel Hits 52-Week High

Moving on to news from the steel sector, Bajaj Steel Industries' share price hit a fresh 52-week high in 30 September trade as the board of the company is likely to meet this week to consider bonus issues to the shareholders.

The stock has been gaining for the last two days and has risen 11.9% in the period. The company has a market cap of Rs 14.7 bn, as per the BSE website.

Bajaj Steel shares have delivered 147.5% returns in the last 180 days, as per BSE data.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers