Sensex Down – Global Issues Impacting Markets?
As of October 17, 2024, the SENSEX has declined by 494.75 points, which is a 0.61% decrease, closing at 81,006.61 points. This drop reflects broader concerns in the Indian market amid volatility. Touched day’s high of 81,740.81 and low of 80,905.64
1-Month Performance (From Sept 18, 2024):
- SENSEX reached a peak of 85,978.25 points on September 27, but has since declined, shedding nearly 1.79% in the last month
- The performance has been negatively impacted by sectors such as FMCG, auto, and healthcare, which faced pressure due to global macroeconomic conditions and inflation concerns.
15-Day Performance:
- Over the last 15 days, SENSEX experienced heightened volatility. It has lost around 2.44% from 83,055.77 on October 2 to today’s level
- The market has been reacting to mixed earnings results and global factors like oil prices and inflation.
Overall, the market remains sensitive to both domestic and international economic conditions, with sectors like IT and PSU banks showing signs of recovery while others remain under pressure.
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