Stock market crash on 4 November 2024: what happened?

Talking about sectors, decline continues in all sectors. A decline of 2.66 percent is being seen in the media sector and 2.47 percent in the oil and gas sector.

Suddenly today there has been a big decline in the stock market. The stock market was under pressure during the beginning of trading, after which there has been a big fall in both Sensex and Nifty. Sensex had opened at 79,713.14, but has now fallen by 1409 points or 1.77 percent to 78,316. Similarly, Nifty was at 24,315.7 on Monday.

Out of the top 30 shares of BSE Sensex, 28 shares were trading at a huge decline, while only 2 shares were seeing a rise. The highest rise in Mahindra shares is 2.39 percent. The biggest fall in Sun Pharma’s shares was 4 percent. Shares of the country’s largest company Reliance Industries.

Stock market crash: Investors lost Rs 8.44 lakh crore 

Today, Reliance Industries, Infosys, ICICI Bank, HDFC Bank and Sun Pharma have contributed significantly to the market decline. Due to which BSE market cap has decreased by Rs 8.44 lakh crore to Rs 439.66 lakh crore. 

Huge decline in these sectors

Talking about sectors, decline continues in all sectors. A decline of 2.66 percent is seen in the media sector and 2.47 percent in the oil and gas sector. After this, there is decline in finance, auto, bank and consumer sectors also. With the decline in all these sectors investors seem to be incurring huge losses. 

Why did the stock market fall today? 

1.Elections are going to be held in America on 5th November. Meanwhile, investors are worried about the economic implications of the tough contest between Kamala Harris and Donald Trump.  Due to which selling is being seen in the market. 

2.The Federal Reserve meeting is on November 7. In such a situation, the policy meeting of the US Federal Reserve is also increasing apprehensions in the Indian market. 

3.That comes after OPEC+ announced on Sunday it would postpone a planned December output increase by a month due to weak demand and rising supply outside the group. Due to this, there is a rise in the price of oil, due to which shares like RIL have fallen rapidly. 

4.The results of many companies have been bad in the second quarter, which has spoiled the mood of investors. In such a situation, selling is being seen. 

Also Read This: Reliance Industries shares surge after ex-bonus trading, contribute to Nifty rebound