October 4, 2024, the Nifty indices experienced a generally downward trend across major categories, with most indices closing in the red. Here’s a summary of the key movements:
- NIFTY 50 fell by 0.93%, closing at 25,014.60. It opened higher at 25,181.90 but faced selling pressure throughout the day, reaching a low of 24,966.80.
- NIFTY NEXT 50 saw a notable decline of 1.10%, ending the session at 74,620.25. This index had a day low of 74,184.75.
- NIFTY 100, 200, and 500 also declined by around 0.95% each. The indices faced similar downward movement throughout the day with Nifty 100 closing at 26,056.00, Nifty 200 at 14,165.05, and Nifty 500 at 23,534.95.
- The Midcap and Smallcap segments, which are often more volatile, also faced declines. NIFTY Midcap 50 fell 1.06% to 16,387.60, while the NIFTY Smallcap 100 dropped 1.02% to 18,758.65.
- However, the India VIX, a measure of market volatility, spiked by 7.27%, closing at 14.13. This rise in volatility indicates heightened uncertainty in the market.
With the market generally showing a downward trend, it will be crucial for investors to watch several key factors ahead of Monday’s trading session. Potential areas to focus on include global market trends, domestic economic data releases, and any news around macroeconomic policies or corporate earnings that could influence market sentiment.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Nifty