Share Market Crash News Today | Sensex, Nifty, Share Prices Crash Highlights: The benchmark equity indices crashed on October 03, closing the day 2% lower. The fall in indices can be attributed to escalated tension in West Asia and SEBI’s new diktats regarding F&O cubing. The BSE Sensex nosedived 1,730 points or 2.05% to finish the day’s trading at 82,536. The NSE Nifty 50 fell 530 points or 2.05% to 25,267. The Bank Nifty closed the day’s trading 2.01% lower at 51,860. Following the overall market sentiments, the Nifty Midcap 100 closed the session 1,350 points or 2.24% lower at 59,008.
Reliance Power has entered into a partnership with Druk Holding and Investments Ltd. (DHI), the commercial and investment arm of the Royal Government of Bhutan, to jointly develop significant renewable energy projects in Bhutan. The collaboration aims to develop 500 MW of solar power and 770 MW of hydropower projects across the country.
Read More: Reliance Power Share Price Today Live Updates, 03 Oct, 2024: Reliance Power on the radar
The grey market premium (GMP) for the KRN Heat Exchanger IPO stood at Rs 230, down from Rs 270 at the start of the subscription period. On the second day of bidding, the GMP was Rs 235, as per data from InvestorGain.com. Despite the decline, the current GMP still signals strong potential listing gains for KRN Heat Exchanger shares.
More Updates : KRN Heat Exchanger IPO GMP 2024 Live Updates: Listing, GMP, IPO allotment, subscription status other details
“Bank Nifty is currently finding immediate support at 52,800, with a major support level below at 52,500. On the upside, immediate resistance is placed at 53,100, and a breakout above this level may push the index toward the next resistance at 53,500.The overall trend remains positive, with a favorable risk-reward setup for buying. Traders are advised to consider buying near 52,800, targeting 53,100 and 53,500, while maintaining a strict stop loss at 52,500 to manage risk effectively.,” said Riyank Arora Technical Analyst at Mehta equities.
WTI crude prices are trading at $70.92 up by 1.17%, while Brent crude prices are trading at $74.66 up by 1.03%, on Thursday morning.
The S&P 500 ended little changed on Wednesday, with technology shares gaining but investors nervous about Middle East tensions and more U.S. labor data due this week, reported Reuters. The tech-heavy Nasdaq Composite ended up by 14.76 points or 0.08% at 17,925.12 The S&P 500 ended marginally higher by 0.01% at 5,709.54, while the Dow Jones Industrial Average is trading down by 98.56 point or 0.23% at 42,097.96.
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