{"id":128769,"date":"2024-09-06T05:12:14","date_gmt":"2024-09-06T05:12:14","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/06\/stock-market-today-bse-sensex-plunges-850-points-nifty50-below-25000-as-bears-growl-on-d-street-times-of-india\/"},"modified":"2024-09-06T05:12:14","modified_gmt":"2024-09-06T05:12:14","slug":"stock-market-today-bse-sensex-plunges-850-points-nifty50-below-25000-as-bears-growl-on-d-street-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/06\/stock-market-today-bse-sensex-plunges-850-points-nifty50-below-25000-as-bears-growl-on-d-street-times-of-india\/","title":{"rendered":"Stock market today: BSE Sensex plunges 850 points; Nifty50 below 25,000 as bears growl on D-Street &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/photo\/msid-113110967,imgsize-113470.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Stock market today: BSE Sensex plunges 850 points; Nifty50 below 25,000 as bears growl on D-Street &#8211; Times of India\" title=\"Stock market today: BSE Sensex plunges 850 points; Nifty50 below 25,000 as bears growl on D-Street &#8211; Times of India\" \/><\/div>\n<div>Stock market today<!-- -->: Indian equity benchmark indices, <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/sensex\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">BSE Sensex<\/a> and Nifty50, plunged on Friday morning, with the BSE Sensex plummeting over 850 points (0.69%) to 81,711.28 and the <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/nifty-50\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">Nifty50<\/a> falling 230.30 points (0.92%) to 24,900.05. At 10:25 AM, BSE Sensex was trading at 81,467.62, down 734 points or 0.89%. Nifty50 was at 24,922.55, down 223 points or 0.89%.<br \/>The decline was primarily driven by banking stocks, as investors awaited the release of the US jobs report, which is expected to provide insights into the Federal Reserve&#8217;s interest rate strategy.<br \/>The weaker job openings and fewer private sector gains in the U.S. have raised concerns about a potential slowdown in the labor market, leading to expectations of a possible 50 bps rate cut during the Federal Reserve&#8217;s meeting on September 17-18. <br \/>The upcoming US non-farm payroll report for August is anticipated to offer more clarity on the labor market&#8217;s condition and influence the size of the rate cut.<br \/>Among individual stocks, KEC International and Ashoka Buildcon saw significant gains, while sector-wise, the Nifty PSU Bank index, along with Nifty Auto, Financials, Metals, Consumer Durables, and Oil &amp; Gas sectors, opened in the red. Experts suggest that the near-term trend in the market will be influenced by the US jobs data, with potential support and resistance levels for the Nifty index.<br \/>Global markets<!-- --> showed mixed performance, with MSCI&#8217;s broadest index of Asia-Pacific shares outside Japan edging 0.2% higher, while the Nikkei slipped 0.1%. China&#8217;s share markets opened mixed, and Hong Kong&#8217;s Hang Seng remained flat. Oil prices were stable as investors weighed the impact of a significant withdrawal from U.S. crude inventories and a delay in production hikes by OPEC+ producers against mixed US employment data.<br \/>The Indian rupee rose on Friday, following disappointing US private payrolls data, which fueled expectations of a weaker jobs report and prompted traders to avoid the US dollar.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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At 10:25 AM, BSE Sensex was trading at 81,467.62, down 734 points or 0.89%. Nifty50 was at 24,922.55, down 223 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":128770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-113110967,imgsize-113470.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[1608,1604,1600,289,1599,10175,9897,1609,273,20544,1602,1597,1606,1607,1605,1601,1594,272,1603],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/128769"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=128769"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/128769\/revisions"}],"predecessor-version":[{"id":128771,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/128769\/revisions\/128771"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/128770"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=128769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=128769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=128769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}