Bears dominated Dalal Street on September 30, causing the BSE Sensex to plummet by over 1,300 points and dragging the Nifty below 25,800 during intraday trading, amid escalating geopolitical tensions and in anticipation of Federal Reserve Chair Jerome Powell’s upcoming speech.
By the market close, the Sensex had dropped 1,272.07 points, or 1.49%, to settle at 84,299.78, while the Nifty declined by 368.20 points, or 1.41%, finishing at 25,810.80.
Weak global cues led to a lower market opening, with losses intensifying throughout the day. Most sectors witnessed a broad sell-off, except for metal and media stocks, which managed to rise by 1%.
Top losers on the Nifty included Hero MotoCorp, Trent, Axis Bank, Reliance Industries, and Bharat Electronics. On the other hand, JSW Steel, Hindalco Industries, NTPC, Tata Steel, and Britannia Industries were among the top gainers.
Despite the widespread selling, 300 stocks reached their 52-week highs on the BSE, including Apollo Hospitals, Hindalco Industries, JSW Steel, NTPC, Sun Pharma, and Vedanta. Meanwhile, sectoral indices such as auto, banking, IT, telecom, pharma, and realty fell by 1-2%, with the BSE midcap index closing with minor losses and the smallcap index remaining flat.
