Sensex Dropped for the 4th Consecutive Session: Market value decrease of ₹ 2.75 Lakhs Crores 10 Important Points You Should Know

The Indian stock exchanges retreated further on Wednesday, December 3rd, marking the fourth session in a row where the market was dropping down. The record highs set earlier in the week are now far behind. The markets’ final minutes showed a slight recovery; however, the bounce was not strong enough to push the markets into the positive range.

The Sensex lost 31 points to end the day at 85,107 and the Nifty 50 dropped 46 points to settle at 25,986.

The wider market has turned out to be more affected by the pullback in prices—

BSE Midcap index was down 0.95%

BSE Smallcap index fell by 0.43%

The above-mentioned selling was so powerful that it led to the upsurge of the total market capitalisation of BSE-listed companies by ₹2.76 lakh crore.

Let’s have a look at the top ten highlights of the day in the stock market in a simple and quick manner:

1. What was the cause of the market decline today?

Poor global cues, new foreign institutional investors (FII) selling, and a weak rupee all contributed to the pressure on the domestic markets.

The soon-to-come RBI monetary policy, uncertainty about central banks globally such as the Fed & ECB, and rising bond yields in Japan all contributed to the already frightened investors.

2. Worst-performing stocks in Nifty 50

Out of the 50 stocks in the Nifty index, 37 stocks closed in the red zone.

Losers were:

Max Health (-2.9%)

BEL (-2%)

Adani Enterprises (-2%)

Tata Consumer (-2%)

Shriram Finance & M&M (-1.8%)

3. Best-performing stocks in Nifty 50

The IT and banking stocks were the winners today as the falling rupee increased their profitability.

Among the top players were:

Wipro (+1.61%)

Hindalco (+1.46%)

TCS (+1.41%)

ICICI Bank (+1.38%)

HDFC Bank (+1.04%)

4. Sector analysis

Nifty's 12 sector indices were divided as follows:

Positive close in 6 sectors

IT was the strongest sector (+0.76%), as the weak rupee favourably impacted

Nifty Auto was the biggest loser (-1.20%)

5. Most popular stocks in trading

Vodafone Idea was the most traded stock with a total of 117.61 crores shares attracted.

Easy Trip Planners, SPARC, Bank of Maharashtra, and YES Bank also registered high trading numbers (10–12 crore shares each).

6. Stocks Increased 10% or More

Today's session witnessed three stocks gaining more than double-digit percentage:

Hikal (+13.6%)

OnMobile (+10.64%)

Midwest Ltd (+10%)

7. Stocks that fell 10% or more

Indowind Energy RE (-18.5%)

Adani Enterprises RE (-11.95%)

Patel Retail (-10.8%)

8. 228 Stocks Declared 52-week Lowest

There were 28 stocks that hit fresh highs but a huge 228 stocks were smashed down to the one-year lows, amongst them Awfis, Delta Corp, Dhanlaxmi Bank, HG Infra, IREDA, NDTV, Ola Electric, Page Industries, Quess Corp, SJVN have been added.

9. Advance–decline ratio indicates bearish sentiment

Market breadth was clearly weak:

1052 stocks climbed

2074 stocks fell

A 1:2 ratio indicates that sellers took over the day.

10. Nifty Technical Outlook

Experts suggest that Nifty is now between the support levels of 25,800 and 25,850.

Selling may grow at the resistance level of 26,100-26,150, unless strong buying comes in.

India VIX remained at a lower level indicating a consolidation rather than a panic situation. It will require a clear breakout above resistance to re-establish bullish momentum.

Disclaimer

The article is written for educational purposes only. The market conditions can change rapidly. It is always wise to consult certified financial experts before making investment decisions.