The Indian stock market ended in the negative on Monday, November 24, on profit booking across segments amid mixed global cues.
Extending losses to the second consecutive session, the Sensex closed at 84,900.71, down 331 points, or 0.39%, while the Nifty 50 ended at 25,959.50, falling 109 points, or 0.42%. The BSE Midcap and Smallcap indices ended with losses of 0.27% and 0.83%, respectively.
In two sessions, the Sensex has declined by 732 points, or 0.85%, while investors have lost ₹7 lakh crore as the overall market capitalisation of BSE-listed firms stood at ₹469 lakh crore compared to ₹476 lakh crore on Thursday, November 20.
Indian stock market: 10 key highlights from the day
1. Why did the Indian stock market fall?
The domestic market ended in the red, largely due to profit booking following recent gains. Investors await clarity on the potential India-US trade deal.
“After a range-bound positive session, the market closed with a decline in the last half hour, led by Monday expiry, as the Nifty 50 indices could not survive above the key threshold of 26,000. Investor sentiment remained cautious, in anticipation of key event risk like delays in finalising the interim US-India trade agreement,” Vinod Nair, Head of Research, Geojit Investments, noted.
Some concerns about valuations in the mid and small-cap segments persist, which is keeping the market rally in check. Experts believe that the upcoming macroeconomic data, including the Q2 GDP release on November 28, will influence market sentiment.
(This is a developing story. Please check back for fresh updates.)
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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
