Stock Market Update: FII Disrupts Festive Mood as Sensex and Nifty Plunge - Read Now

The Indian stock market saw a sharp decline on October 25, 2024, with Sensex dropping below 80,000, as FIIs triggered massive selling. Investors lost over ₹6 lakh crore, with major sectors facing severe downturns.

By Aayushi Dubey Oct 25, 2024, 17:25 IST

Another dull session for today in the Indian stock market, where investors were put under heavy loss with the heavy selling pressure dominating the market. Sectors like consumer durables, banking, and auto took quite a bad beating. At close of trading, it saw the Sensex shed 663 points to settle at 79,402 and Nifty collapse 218 points to settle at 24,180.

Foreign Institutional Investors (FIIs) were the major trouble sellers that dented the investor sentiment. Today, the investors lose more than ₹6 lakh crore. The market capitalization of BSE-listed stocks touched ₹437.76 lakh crore; earlier, it was about ₹444 lakh crore.

In terms of the stocks, the biggest loser here was IndusInd Bank, which fell by as much as 18.79% after the bank reported rather lackluster earnings. The other major losers were Mahindra & Mahindra (-3.56%), L&T (-3.01%), NTPC (-2.73%), and Adani Ports (-2.33%). A few stocks ended on a positive note, though: ITC rose 2.24%, Axis Bank 1.85%, and HUL 0.96%.

The declin was steep sector-wise in banking, consumer durables, auto, oil and gas energy, media, and metals. Pharma and FMCG were, however the only sectors that closed in the positive. Nifty midcap index declined by 1071 points. Small-cap index went down by 401 points.

This market update will follow up on the volatility and risks witnessed in such a situation, where pronounced fluctuations of the market are portrayed through FIIs. Investors have been advised to remain on their toes, keep a close watch on the unfolding events in the market in subsequent sessions, and remain vigilant.

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