The stock market fell for the fifth consecutive day
The stock market witnessed a decline for the fifth consecutive day today i.e. on 25 October, 2024. The Sensex closed at 79,402 with a fall of 662 points (0.83%). Nifty also fell by 218 points (0.90%), it closed at 24,180. At the same time, BSE Small Cap closed at 52,335, down 1,307 points (2.44%).
Out of 30 Sensex stocks, 20 declined and 10 rose. Out of 50 Nifty stocks, 38 declined and 12 rose. All sectors except FMCG and Healthcare index closed with a decline. Nifty Consumer Durables fell the most by 2.52%.
Indusind Bank shares fell 19%
After the results of the July-September quarter, Indusind Bank shares closed at Rs 1,037 today with a fall of 18.99%.
In the September quarter, the bank’s net profit has come down by 39% on an annual basis to Rs 1325 crore. It was Rs 2,181 crore in the same quarter a year ago.
Asian markets had mixed trading today
Indusind Bank, Larsen & Toubro and Mahindra & Mahindra brought the market down the most. Whereas, ITC, Axis Bank and ICICI Bank tried to pull the market up.
In the Asian market, Japan’s Nikkei fell by 0.60%. Korea’s Kospi closed with a gain of 0.087% and China’s Shanghai Composite closed with a gain of 0.59%.
On October 24, the US Dow Jones closed 0.33% lower at 42,374 and the S&P 500 closed 0.21% higher at 5,809. The Nasdaq closed 0.76% higher at 18,415.
According to NSE data, foreign investors (FIIs) sold shares worth ₹5,062.45 crore on October 24. During this period, domestic investors (DIIs) bought shares worth ₹3,620.47 crore.
Afcons Infrastructure IPO opens
The Initial Public Offer (IPO) of Afcons Infrastructure Limited, a company operating in the transport, construction, oil and gas sector, has opened today. Investors can bid for this issue till October 29. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 4.
