Bears tighten grip on markets; Sensex tanks 1,176 points; Nifty falls below 23,500 level


From the 30 blue-chip Sensex pack, JSW Steel, Nestle and Titan were the gainers. File

From the 30 blue-chip Sensex pack, JSW Steel, Nestle and Titan were the gainers. File
| Photo Credit: Reuters

Equity benchmark indices Sensex and Nifty plunged about 1.5% on Friday (December 20, 2024), taking their downtrend to the fifth straight session, owing to risk aversion in the global markets after the hawkish stance of the U.S. Federal Reserve.

The 30-share BSE benchmark tumbled 1,176.46 points or 1.49% to settle at 78,041.59. During the day, it slumped 1,343.46 points or 1.69% to 77,874.59. The NSE Nifty tanked 364.20 points or 1.52% to 23,587.50.

From the 30 blue-chip Sensex pack, Tech Mahindra, IndusInd Bank, Axis Bank, Mahindra & Mahindra, Tata Motors, Larsen & Toubro, State Bank of India, Tata Consultancy Services, UltraTech Cement and Reliance Industries were the biggest laggards. In contrast, JSW Steel, Nestle and Titan were the gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower. Equity markets in Europe were trading in the negative territory. Wall Street ended on a mixed note on Thursday (December 19, 2024.)

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,224.92 crore on Thursday (December 19, 2024), according to exchange data. Global oil benchmark Brent crude declined 0.96% to $72.18 a barrel.

Falling for the fourth day running, the 30-share BSE benchmark tanked 964.15 points or 1.20% to settle at 79,218.05 on Thursday (December 19, 2024). The Nifty tumbled 247.15 points or 1.02% to sink below the 24,000 mark at 23,951.70.



Source link

spot_img

More from this stream

Recomended

Ayanur questions silence of BJP leaders over Ravi’s remarkDevotees gather for Ashtami Chapparam in MaduraiRetail prices of 65 new drug formulations, ceiling prices of 13 formulations notifiedनाक की सर्जरी हुई खराब, तो कन्नी काटने लगे डायरेक्टर, एक्टिंग छोड़ने वाली थी एक्ट्रेस, 1 सलाह ने चमका दी किस्मतSheik Chinna Moulana nadhaswaram music festival from December 27Karnataka Minister Laxmi Hebbalkar to complain to President Murmu, Prime Minister Modi against BJP MLC C.T. RaviQuestion paper leak: Crime Branch squad initiates steps to issue lookout notice for prime suspectMastermind of kidnapping gang targeting celebrities arrested after encounter in Uttar Pradesh's BijnorCalcutta High Court grants divorce decree to husband for 'Imposition' of wife's friend, family on himInvolve architects in urban development, officials urged in Andhra PradeshFormer Supreme Court judge V. Ramasubramanian appointed NHRC chairmanPuducherry: Congress to back Independent MLAs’ no-confidence motion against SpeakerSASTRA-Ramanujan Award presented to Alexander DunnGolden Rock Railway Workshop wins rolling stock shield for its outstanding performance in qualityExperts claim latest govt data on India's forests 'inflated'ESIC, EPFO outreach programme - The HinduArasanur panchayat residents raise doubts over BPL census taken in Ramanathapuram districtErode Corporation’s second incineration plant now operationalExternal Affairs Minister Jaishankar to visit U.S. from December 24Two more tiger cubs born at Pilikula Biological Park