Selling was seen across sectors with even IT stocks, which rallied the most in the previous session, hit by profit booking. Metal stocks fell the most – Hindalco was down 8.4% while Vedanta lost 3.4%.
Dalal Street’s trajectory was in stark contrast to Wall Street’s reaction, where the Dow Jones surged 3.57%, and the Nasdaq ended 3% higher, reaching fresh record highs.
All major sectors were in red such as Nifty Media, PSU Bank, IT , and fell between 0.21-0.68%.
Top gainers included ITI, Swan, KEC, and Apollo Hospitals, rising between 5% and 14%. On the other hand, Adani Transmission, Hindalco, Trent, and Glenmark Pharma were among the top losers, down by 6-10%.
Swiggy’s IPO received a muted response on its second day, with a subscription rate of 0.34 times as of now, set to close on November 8, 2024. Meanwhile, the rupee hit a new lifetime low, slipping 6 paise to close at 84.37 against the US dollar due to weak domestic equities and continued foreign fund outflows.
Content Source: economictimes.indiatimes.com