Thursday, December 05, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Markets
  5. Stock markets today November 28: Sensex plunges 1,200 points, Nifty dips below 24,000

Stock markets today November 28: Sensex plunges 1,200 points, Nifty dips below 24,000

In the early trade, the 30-share BSE Sensex climbed 31 points to 80,250. Meanwhile, the Nifty was also up by 2 points to 24,250.

Edited By: Anurag Roushan @Candid_Tilaiyan Mumbai Published : Nov 28, 2024 9:56 IST, Updated : Nov 28, 2024 13:24 IST
Stock markets update for November 28.
Image Source : INDIA TV Stock markets update for November 28.

Stock markets update: Equity benchmark indices opened with marginal gains in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 31 points to 80,250. Meanwhile, the Nifty was also up by 2 points to 24,250. However, in a dramatic turn of events, the Indian stock markets witnessed a massive crash in the afternoon session. The Sensex plummeted by 1,200 points, while the Nifty fell below the 24,000 mark.

At the start of today’s trading session, sectors such as Realty, FMCG, and Media saw gains of 1% each, while the IT index experienced a decline of 1%. On the Nifty, companies like Adani Enterprises, HDFC Life, Adani Ports, HUL, and Coal India were major gainers, while Eicher Motors, M&M, Infosys, Cipla, and Trent witnessed declines. The BSE Midcap Index was trading in the green, reflecting positive sentiment in mid-cap stocks.

 From the 30-share Sensex pack, HDFC Bank, Adani Ports, ITC, State Bank of India, Hindustan Unilever, Tata Motors, IndusInd Bank and Tata Steel were among the gainers. Tech Mahindra, Infosys, HCL Technologies, Mahindra & Mahindra, Tata Consultancy Services and Power Grid were among the laggards. Global oil benchmark Brent crude dipped 0.21 per cent to USD 72.68 a barrel.

Rupee against dollar

The rupee fell 7 paise to trade at 84.47 against the US dollar in early trade on Thursday weighed down by a muted trend in domestic equities and strength of the American currency in the overseas markets. Forex traders said the latest Federal Open Market Committee (FOMC) minutes reveal a significant shift in the Federal Reserve's outlook. The Fed is likely to put downward pressure on short-term interest rates, reducing the appeal of dollar-denominated assets and contributing to the decline in the Dollar Index.

At the interbank foreign exchange, the rupee opened at 84.45 and moved in a tight range and touched 84.47 against the greenback, registering a fall of 7 paise over its previous close.

(With PTI inputs)

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business and Markets Section

Advertisement
Advertisement
Advertisement
Advertisement