Market Crash Today: The Indian stock market opened sharply lower on Monday, November 4, with both the SENSEX and NIFTY50 experiencing notable declines. At 9:47 AM, the SENSEX was down 792 points, trading at 78,932.24—a 0.99% drop—while the NIFTY50 fell 271 points, or 1.12%, to 24,033.35.
Market sentiment was broadly negative, with losses across all sectors. Leading decliners on the NSE were Bajaj Auto, Sun Pharma, Hero MotoCorp, Coal India, and Reliance Industries (RIL). However, M&M, Tech Mahindra, HCL Tech, Cipla, and Eicher Motors managed gains amid the downturn.
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Among specific stocks, Sun Pharma saw nearly a 5% drop following a preliminary injunction by a New Jersey court delaying the launch of its product Leqselvi. On the other hand, Azad Engineering surged 13.5% after signing a ₹700 crore contract with Mitsubishi Heavy Industries.
The broader market decline was even sharper, with the BSE SmallCap index down 1.30% at 54,898.96 and the BSE MidCap index down 0.95% at 45,844.11. Across the BSE, 2,090 stocks declined versus 1,092 that gained, and 161 remained unchanged.
The BSE Oil & Gas index led sectoral declines, dropping 2% to 27,153.57. This widespread sell-off reflected a global trend as markets braced for central bank policy updates, creating a cautious environment.
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Global markets also reflected subdued sentiment amid uncertainties surrounding the U.S. presidential race and upcoming monetary policy decisions. Oil prices rose over $1 per barrel, with Brent at $74.28 and WTI at $70.67, after OPEC+ postponed its December output hike by one month.
