Share Market / The stock market is falling on Friday too, but the situation is better than yesterday

Share Market: The sell-off continued in the Indian stock market on October 4, with the Sensex trading down 400 points at 82,050. Nifty is also seeing a decline of 100 points, trading at the level of 25,100.

Reason for decline and figures

Out of 30 stocks of Sensex, 20 have declined, while only 10 stocks have registered a rise. Out of 50 stocks of Nifty, 34 have faced a decline, and 15 stocks have risen. Major sectors, such as banking and auto, have also seen a decline.

Earlier, on October 3, foreign investors (FIIs) sold shares worth ₹ 15,243.27 crore, while domestic investors (DIIs) bought shares worth ₹ 12,913.96 crore. This decline reflects the uncertainty among investors in the market, especially when global markets also witnessed a decline.

State of Asian markets

Asian markets have shown a mixed performance. Japan's Nikkei has gained 0.47%, while Hong Kong's Hang Seng index is trading with a gain of 2.26% and Korea's Kospi index is trading with a gain of 0.60%. In contrast, the US Dow Jones and Nasdaq were down by 0.44% and 0.037% respectively.

IPO latest information

Amid stock market activity, Garuda Construction and Engineering Limited's initial public offer (IPO) will open on October 8. Investors will be able to bid for the issue till October 10, and its shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 15.

Previous decline

On October 3, the stock market witnessed its fourth biggest decline of the year, with the Sensex falling 1,769 points (2.10%) to close at 82,497. The Nifty also fell 546 points (2.12%). During this period, auto, energy, finance and banking stocks saw the biggest decline, with BPCL, Shriram Finance, and L&T shares falling by more than 4%.