Share Market Highlights: On October 3, Indian stock markets faced a significant downturn, driven primarily by escalating tensions in the Middle East and the implementation of new Futures and Options (F&O) rules. The Bombay Stock Exchange (BSE) Sensex plummeted by 1,769 points, while the National Stock Exchange (NSE) Nifty fell by 547 points, closing at 25,250. This sharp decline wiped out more than ₹9.5 lakh crore in investor wealth, reinforcing the volatile nature of the market. All major sectoral indices on the BSE ended the day in negative territory, with Realty, Capital Goods, Auto, and Industrial sectors among the most affected.
At the conclusion of the trading session, the BSE Sensex closed at 82,497.10, reflecting a loss of 1,769.19 points or 2.10 percent. Meanwhile, the NSE Nifty dropped by 546.80 points, also representing a decline of 2.12 percent, to settle at 25,250.10.
Investor Wealth Loss: Today’s turmoil caused the total market capitalization of companies listed on the BSE to decrease sharply, from ₹474.86 lakh crore on October 2 to ₹465.25 lakh crore, marking a drop of approximately ₹9.61 lakh crore in a single day. This substantial reduction indicates the financial pressures faced by investors amidst challenging market conditions.
Declining Sensex Shares: The downturn was widespread, with 28 out of the 30 Sensex stocks closing lower. Tech Mahindra saw the most significant drop of 3.95 percent, followed by other major companies such as Mahindra & Mahindra (M&M) and Kotak Mahindra Bank, which fell between 3.76 percent and 3.03 percent, ranking them among the top losers of the day.
Resilient Stocks: Remarkably, amid this widespread decline, only one Sensex stock managed to escape the red: JSW Steel, which saw a slight increase of about 1.18 percent, closing at ₹1,039.80.
Market Overview: Overall, the trading day witnessed a stark imbalance in performance. A total of 4,076 shares were traded on the BSE today, of which only 1,120 shares gained value, while a staggering 2,866 shares experienced declines. The market also reported 90 shares unchanged in value, and a total of 237 stocks reached new 52-week highs, contrasted by 67 stocks that hit new 52-week lows during the trading session.
| Performance Summary | BSE Sensex | NSE Nifty |
|---|---|---|
| Closing Value | 82,497.10 | 25,250.10 |
| Loss | 1,769.19 points (2.10%) | 546.80 points (2.12%) |
| Total Companies Traded | 4,076 | |
| Stocks in the Green | 1,120 | |
| Stocks in the Red | 2,866 | |
| Unchanged Stocks | 90 | |
Market Disclaimer: The information presented here is for informational purposes only. Investing in the stock market involves risks, and individuals are encouraged to consult with a financial expert prior to making investment decisions. This article does not constitute investment advice.
