Stock Market Updates: Sensex Tanks 1,000 Points, Nifty Below 24,500

In Business
December 17, 2024
Stock Market Updates: Sensex Tanks 1,000 Points, Nifty Below 24,500


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The 30-share BSE benchmark Sensex declined 350.98 points to 81,397.59 in early trade.

On Monday, the 30-share BSE Sensex dropped 384.55 points or 0.47% to close at 81,748.57, after falling 581.84 points or 0.70% intraday to touch 81,551.28.

Stock Market Updates: Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday amid cautious investors approach ahead of the US Fed interest rate decision and selling in blue-chip stocks like Reliance Industries and HDFC Bank.

By midday, the Sensex had fallen 953 points, or 1.2%, to 80,795.36, while the Nifty dropped 284 points, or 1.2%, to 24,383. Around 1,503 shares advanced, 1,920 declined, and 90 remained unchanged.

The 30-share BSE benchmark Sensex declined 350.98 points to 81,397.59 in early trade. The NSE Nifty went down 100.8 points to 24,567.45.

From the 30-share blue-chip pack, Reliance Industries, Bharti Airtel, Nestle, Larsen & Toubro, Bajaj Finserv, HDFC Bank, JSW Steel and Titan were among the laggards.

Tata Motors, Adani Ports, Tech Mahindra, HCL Technologies and Hindustan Unilever were the gainers.

In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.

Wall Street ended mostly higher on Monday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 278.70 crore on Monday, according to exchange data.

Global oil benchmark Brent crude dipped 0.14 per cent to USD 73.81 a barrel.

The 30-share BSE benchmark declined 384.55 points or 0.47 per cent to settle at 81,748.57 on Monday. The Nifty lost 100.05 points or 0.40 per cent to 24,668.25.