The stock market has been struggling due to sustained foreign fund outflows, weakening demand in certain sectors, and a fluctuating rupee.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,895 level, a discount of nearly 65 points from the Nifty futures’ previous close.

Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 12 November, 2024.

After opening in green, the S P BSE Sensex reversed course, dragged down by banking, financial services, and auto stocks. The Nifty50, too, faced a broad-based decline, with nearly all sectoral indices closing in the red except for Nifty Realty.

Sun Pharma, Trent, HCL Tech, Infosys, and ONGC were among the top gainers on the Nifty index. Britannia Industries, HDFC Bank, NTPC, and Tata Motors were among the top losers.

At close, the Sensex was down 820.97 points or 1.03 percent at 78,675.18, and the Nifty was down 257.80 points or 1.07 percent at 23,883.50. About 1155 shares advanced, 2641 shares declined, and 93 shares unchanged.

Bank stocks HDFC Bank and State Bank of India contributed most to the Sensex fall. NTPC, Tata Motors and Bajaj Finance also contributed to the decline.

Indian benchmarks opened higher, led by banking and IT stocks, after three sessions of declines due to weak earnings.

Indian benchmark equity indices BSE Sensex and Nifty 50 opened higher on Tuesday, amid strength in the US markets.