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  5. NIFTY50 slips 85 pts, SENSEX falls below 81,000 amid subdued global cues; Ola Electric shares down more than 2.5%

Market News

NIFTY50 slips 85 pts, SENSEX falls below 81,000 amid subdued global cues; Ola Electric shares down more than 2.5%

Upstox
By Upstox News Desk

2 min read | Updated on September 09, 2024, 09:47 IST

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SUMMARY

At 09:18 AM, the S&P BSE Sensex was trading 183.60 points, or 0.23%, lower at 81,000.33 levels. On the NSE, the benchmark NIFTY50 was trading at 24,789.90 levels, down 62.25 points, or 0.25%.

Stock list

OLAELEC
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SPICEJET
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NAZARA
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The market breadth in the opening deals was in favour of the bears.

The market breadth in the opening deals was in favour of the bears.

Mirroring global markets, the domestic stock market, too, opened in the red on Monday, September 9. Investor sentiment was subdued as the US jobs report on Friday showed a continued labour market slowdown and left traders uncertain about how far the Federal Reserve will go in cutting interest rates.

The US stocks ended with significant cuts on Friday.

At 09:18 AM, the S&P BSE Sensex was trading 183.60 points, or 0.23%, lower at 81,000.33 levels. On the NSE, the benchmark NIFTY50 was trading at 24,789.90 levels, down 62.25 points, or 0.25%.

The market breadth in the opening deals was in favour of the bears. Of 3,164 stocks traded on the BSE, 1065 advanced and 1,924 declined, while 175 stocks remained unchanged.

On the SENSEX, Tata Steel (down 1.5%) was the top loser. Other index stocks that declined were Adani Ports and Power Grid. On the contrary, HUL (up 1%) was the biggest gainer, followed by Bajaj Finserv and ITC.

Sectorally, oil & gas, metals, and energy stocks were the top losers.

The broader market took more deeper cuts. The BSE MidCap index was trading 1.08% lower at 47,981.90 points while the BSE SmallCap index was trading at 55,064.84, down 1.63%. 

BUZZING STOCKS

SpiceJet was trading nearly 5% higher at ₹64.40 apiece on the BSE amid reports that Ajay Singh, the promoter and chairman of SpiceJet, may offload more than 10% of the stake. Besides, the airline announced it has signed a term sheet with Carlyle Aviation Management to restructure part of its aircraft lease obligations amounting to $137.68 million.

Ola Electric Mobility was down over 2.5% as the one-month share lock-in period for the company's shareholders ends today.

Top gainers and losers on NSE

The top five gainers on the NSE were Britannia Industries, Asian Paints, SBI Life, Tata Consumer Products, and ICICI Bank. 

The losers were ONGC, NTPC, Adani Ports, Hindalco, and Power Grid.

Uplearn

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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