Sensex Today Tanks 1,729 Points | Nifty Ends Below 25,300 | 5 Reasons Why Indian Share Market is Falling

Thu, 3 Oct 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.

Benchmark indices Sensex and Nifty slipped in deep red on Thursday, affected by declines across most sectors as investors expressed concerns over the worsening conflict in the Middle East.

At the closing bell, the BSE Sensex stood lower by 1,729 points (down 2.1%).

Meanwhile, the NSE Nifty closed lower by 529 points (down 2.1%).

JSW Steel and ONGC were among the top gainers today.

BPCL, L&T and Tata Motors 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 25,511 down by 519 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 2.3% lower and the BSE Small Cap index ended 1.8% lower.

Sectoral indices are trading on negative note with stocks in capital goods sector, auto sector, realty sector and power sector witnessing buying most selling pressure.

Shares of JSW Steel, Hindalco and Marico 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 83.96 against the US$.

Gold prices for the latest contract on MCX are trading 0.5% lower at Rs 75,975 per 10 grams.

Meanwhile, silver prices are trading 0.4% higher at Rs 91,695 per 1 kg.

Here are five reasons why Indian Markets are falling today

#1 Rising Tension in the Middle East

The ongoing tensions in the Middle East are a primary factor affecting market performance. Reports indicate that at least six individuals were killed and seven injured in an Israeli strike on a health centre in Beirut.

Israeli Prime Minister Benjamin Netanyahu vowed to retaliate against Iran following the latter's firing of approximately 200 ballistic missiles at Israel.

The situation escalated further when Iranian missile attacks targeted Tel Aviv, and Israel confirmed the deaths of eight soldiers during operations in southern Lebanon.

#2 FII Selling

Foreign Institutional Investors (FIIs) have net sold equities worth Rs 1.25 trillion crore this year-to-date.In the first nine months of the year (2024), Foreign Institutional Investors (FIIs) have sold Indian equities in five of those months. This trend reflects a cautious sentiment towards the Indian market amidst global uncertainties as FIIs shift to Chinese stocks due to cheaper valuations.

#3 Oil Prices Surge

Crude oil prices have witnessed major volatility, jumping over 5% in the international market in just two days due to rising tensions in the Middle East.

OPEC+ concluded its meetings this week, reaffirming plans to increase output starting in December.

#4 F&O Rules Tightening

Market Regulator has rolled out a six-step plan designed to reduce retail participation in speculative index derivatives, which could result in a potential 30-40% decline in trading volumes.

These measures aim to curb excessive speculation in the futures and options (F&O) segment, where daily turnover frequently exceeds Rs 500 trillion, often leaving retail investors at a disadvantage.

#5 China Factor

Investors in India are increasingly worried about the resurgence of Chinese stocks, which have underperformed in recent years. Following the announcement of economic stimulus measures by the Chinese government last week, analysts predict sustained growth in Chinese stocks, prompting a potential outflow of funds from India.

Speaking of the stock market, the Indian stock markets are dealing with two realities that are highly conflicting. First the huge influx of money that is a trend in momentum. Second, frothy valuations.

Sensex PE at 24 may not raise eyebrows yet. But smallcaps, microcaps and SMEs are a different story.

Richa Agarwal, research analyst at Equitymaster talks about how to build a watchlist in SME space in her latest video.

Tune in for more

Why Tata Motors Share Price is Falling

In news from the auto sector, shares of Tata Motors continue their rough patch after slipping over 4% to Rs 925 on 3 October, fuelled by a rather weak September where sales saw a steep decline. To be sure, the counter tanked a massive 12% in September.

Tata Motors reported domestic sales of 69,694 units in September 2024, down from 82,023 in the same month last year.

On a month-on-month basis, however, the company saw a slight 0.4% uptick in sales. The automaker attributed the decline to subdued consumer demand and seasonal factors, while slower infrastructure project execution and reduced mining activity hit the heavy commercial vehicle (HCV) segment.

In the electric vehicle (EV) segment, Tata Motors sold 4,680 units in September, marking a significant drop from 6,050 units in the same month last year. This reflects a 23% year-on-year decrease and a 21% dip from August 2024.

The company cited the expiration of registration and road tax waivers in key states, along with the end of FAME II benefits, which particularly affected EV fleet sales.

Despite these challenges, the passenger commercial vehicles business saw a 3% year-on-year increase in Q2 FY25.

Why Suzlon Share Price is Falling

Moving on to news from the energy space, Suzlon share price slipped deep into red in trade on 3 October after the renewable energy solutions provider received an advisory warning from NSE and BSE for non-compliance with SEBI regulations.

The company received an advisory and warning letter from both the BSE and NSE for not complying with SEBI's Listing Obligations and Disclosure Requirements (LODR).

The warnings were issued after the company's handling of the disclosure regarding the resignation of Independent Director Marc Desaedeleer.

The exchanges also pointed out another violation related to an analyst and investor call held on June 9, 2024.

As per SEBI rules, companies are required to inform stock exchanges about such events at least two working days in advance. However, the company organised the call on short notice to address concerns following the director's resignation.

Suzlon has assured that these issues will not affect its financial or operational performance.

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