Share Market Highlights: Sensex drops 638 points; Nifty ends below 24,800 as most sectors slide

Sensex, Nifty updates on 07 October 2024: Equity benchmark indices, Sensex and Nifty, extended their losing streak to a sixth consecutive session on Monday, weighed down by heavy selling in bellwether stocks like HDFC Bank and Reliance Industries. This decline came amid mixed global market trends and foreign fund outflows. The BSE Sensex fell 638.45 points to settle at 81,050, while the NSE Nifty dropped 218.85 points, closing at 24,795.75. Except for the Nifty IT index, which gained 0.66%, all sectoral indices ended lower. The Nifty Oil & Gas Index led the decline, falling 2.27%, followed by the Bank index, which dropped nearly 2%. Trent, Mahindra & Mahindra, Bharti Airtel, ITC, and Bajaj Finance were among the top gainers, while Adani Ports, Bharat Electronics, Adani Enterprises, Coal India, and NTPC topped the losers’ list. On the BSE, of the 4,178 stocks traded, 641 advanced, 3,417 declined, and 120 remained unchanged. A total of 229 stocks hit their upper circuit, while 679 touched the lower circuit. Additionally, 169 stocks reached a 52-week high, while 132 hit a 52-week low.