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Stock market crash today: BSE Sensex ends 964 points down; Nifty50 below 24,000

Stock market crash today: The Nifty 50 fell 1.02% to 23,951.7 poi... Read More
Stock market crash today: Indian equity benchmark indices, BSE Sensex and Nifty50, crashed in trade on Thursday after the US Federal Reserve's projection of fewer interest rate reductions in 2025, affecting investor sentiment and raising concerns about potential outflows from foreign investors.

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The Nifty 50 fell 1.02% to 23,951.7 points, whilst the BSE Sensex decreased 1.2% to 79,218.05, with both indices closing below their 50-day averages for the third consecutive session.

The Fed announced an anticipated 25 basis points rate reduction but indicated only two cuts in 2025, which is half of what officials had predicted in September.

American rate reductions typically benefit emerging markets like India by encouraging foreign investments.

The Fed's conservative outlook has affected foreign investors' confidence in local shares, according to two analysts.

"Lower pace of rate cuts result in foreign investors going into a 'risk-aversion' mode and reduce inflows in emerging markets like India. Hence, markets have seen selling pressure today," Siddhartha Khemka, head of research of wealth management at Motilal Oswal Financial Services told Reuters.
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Indian indices have declined over 3% this week, heading towards their first weekly decrease in five weeks. Foreign investors have sold shares worth a net 80.06 billion rupees ($941.2 million) until Wednesday.

Financial and IT sectors led the decline, dropping 1.2% and 1.3% respectively.

Indian IT companies are particularly affected by US interest rates due to their significant revenue generation from that region.

The metals sector declined 1% alongside global counterparts, influenced by a stronger dollar, which increases costs for non-dollar currency holders purchasing dollar-denominated commodities. The smaller market segments, smallcaps and midcaps, decreased by 0.5% and 0.3% respectively.

ICICI Bank experienced the largest decline among the top five Nifty 50 companies, falling 2%. In contrast, Dr Reddy's Laboratories gained 4% following Nomura's upgrade to "buy" from "neutral". Inventurus Knowledge Solutions showed strong performance on its first trading day, rising 48%.

Why BSE Sensex, Nifty50 crashed today


1. The Fed's announcement of a 25-basis-point rate reduction, with projections showing only two quarter-point cuts in 2025, lower than market expectations. The probability of a January 2025 rate cut decreased to 6% from 16%.

Dr. V K Vijayakumar stated: "When valuations are high the market needs only a trigger to correct sharply. This trigger was provided by the Fed guidance of fewer rate cuts in 2025, which went against market expectations."

2. US 10-year bond yields reached 4.524%, while the dollar index rose to its highest since November 2022, reaching 108.15. These factors typically affect emerging market investments negatively.

3. Global markets reflected similar trends, with US indices showing significant losses. Asian markets followed, with Japan's Nikkei 225, China's Shanghai Composite, and Korea's Kospi all declining.

4. Technical analysis showed Nifty forming a 3 black crows pattern, with Akshay Chinchalkar noting: "The next critical level is the November 28 trough of 23,873. A drop below this would invalidate the bullish head-and-shoulders pattern with a target of 25,500, making the 23,300 lows more vulnerable."

Top Stocks To Buy For 2025

Top stocks to buy for 2025: Which are the best stocks to buy for the New Year 2025? Which stocks should you invest in for the long-term? Financial experts advise investors to select high-quality companies with appropriate valuations. ET Wealth has identified nine specific stocks. These selections feature companies where analysts have revised upward their full-year earnings or PAT projections for both 2024-25 and 2025-26. These nine selected stocks currently indicate potential double-digit appreciation by December 2025. We take a look at the top stocks for 2025:


Disclaimer: The opinions, analyses and recommendations expressed here do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.

Godrej Properties stock outlook 2025: Godrej Properties company maintains a robust pipeline of upcoming launches (spanning Gurugram, Noida, Mumbai, Pune and Hyderabad) scheduled for the latter half of 2024-25.


Current price: Rs 2,899/-


Upside potential: 25.9%


Given its established brand presence and sustained market demand, the company is well-positioned to surpass its projected targets for 2024-25. Additionally, its strategic emphasis on economically advantageous projects and consistent sales performance has resulted in substantial operating cash flow. These positive cash flow trends are anticipated to continue through the remainder of this fiscal year.

HDFC Life Insurance Company stock outlook 2025: Market experts highlight several key strengths of the organisation, including a well-balanced product portfolio, efficient channel operations, robust distribution infrastructure, continuous product development, emphasis on agency networks through franchise investments, and enhanced persistency across various segments.


Current price: Rs 633/-


Upside potential: 27.9%

PNB Housing Finance stock outlook 2025: An analysis from ICICI Securities, published following the Q2 results, highlights several crucial strengths of the company.


Current price: Rs 965/-


Upside potential: 24.4%


The strengths include its transformed operational approach emphasising profitable retail portfolios, stringent monitoring of asset performance, enhanced emphasis on resolving corporate non-performing assets, substantial return on assets, and sophisticated liability administration.

Max Financial Services stock outlook 2025: Following the September quarter results, Elara Securities published a report highlighting the company's potential for growth surpassing both industry and private sector rates.


Current price: Rs 1,165/-


Upside potential: 21.9%


This optimistic outlook stems from enhanced distribution via agency networks, significant expansion in the Axis channel following rebranding initiatives, and robust product portfolio offerings.

Inox Wind stock outlook 2025: A Nuvama analysis on Inox Wind indicates strong growth prospects for the company, supported by several key factors. These include annual industry tailwinds of 12-14GW TAM, advanced technological capabilities, profitable maintenance service operations and sound financial health.


Current price: Rs 208/-


Upside potential: 17.7%

Prestige Estates Projects stock outlook 2025: A report by Antique Stock Broking, published following the September quarter results, indicates that the firm's diversification approach positions it well to benefit from the current housing growth phase.


Current price: Rs 1,751/-


Upside potential: 16.5%


The analysis highlights the organisation's robust market position in three crucial regions—Bengaluru, Hyderabad, and MMR—whilst noting its strategic expansion into emerging markets such as Noida, Chennai, and Pune as significant advantages.

Power Finance Corporation stock outlook 2025: Following the September quarter results, a report by Motilal Oswal highlighted several positive aspects of the financial performance.


Current price: Rs 517/-


Upside potential: 16.0%


The analysis emphasised four crucial strengths: clear prospects for loan expansion, robust earnings progression, effective management of stressed assets, and sound return metrics.

Hindustan Aeronautics stock outlook 2025: Market experts highlight HAL's exceptional operational performance, impressive return metrics, potential for international sales, favourable price levels and India's expanding air defence requirements as crucial advantages.


Current price: Rs 4,628/-


Upside potential: 15.5%


The firm's recent elevation to Maharatna PSU status by the government has granted it greater independence in financial decisions and operational matters.

Amber Enterprises India stock outlook 2025: Following the September quarter results, Anand Rathi published a report projecting significant growth for the company. The analysis forecasts an increase in revenue from 25.6% in 2023-24 to 37% in 2026-27.


Current price: Rs 5,724/-


Upside potential: 16.6%


Additionally, the Return on Capital Employed (RoCE) is expected to rise from 8.3% to 20.6% during the same period, primarily driven by positive momentum in electronics and mobility sectors.



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