SENSEXNIFTY.NET

stock market crash:After opening in green on Tuesday, November 12, 2024, the key benchmark indices – Sensex, Nifty bled heavily with the BSE Sensex dropping 1,273 points or 1.59 per cent at 78,547, from its day’s high of 79,820. Meanwhile, the NSE’s Nifty50 slipped 403 points or 1.66 per cent at 23,839 level from its intraday high of 24,242 level. At the closing bell, however, the BSE Sensex ended 821 points, or 1.03 per cent lower, while the NSE's Nifty50 closed at 23,883, down 257 points or 1.07 per cent. The Indian bourses were fighting the bears again on Tuesday on account of increased selling by foreign institutional investors, subdued quarterly earnings of companies, weakness in auto majors, banks and financial services. "FII-triggered selling pressure continued to impact the domestic market. The recent strengthening of the dollar, driven by aggressive ‘Trumponomics’ is adding fears. Additionally, the anticipated rise in domestic inflation, due to increasing food prices, along with depreciating INR, may influence the RBI’s monetary policy. Most sectors were in the red, while IT stocks gained on expectations of increased US IT spending," said Vinod Nair, head of research, Geojit Financial Services.