Stock Market Updates: Sensex Falls 300 Points, Nifty Below 24,800

Last Updated: December 16, 2024, 10:04 IST

Stock Market Updates: Benchmark indices were trading reduced in the pre-opening session.

Stock Market Updates: The Indian equity market opened up on a controlled note on December 16, with benchmark indices selling unfavorable area throughout the pre-opening session.

Benchmark indices decreased in very early sell line with weak international hints and care in advance of the WPI rising cost of living information to be introduced later on in the day.

The 30-share BSE criteria Sensex decreased 215.59 indicate 81,917.53 in very early profession. The NSE Nifty dipped 49.45 indicate 24,718.85.

From the 30-share Sensex excellent pack, JSW Steel, Titan, Bharti Airtel, Nestle, Mahindra & & Mahindra, Tata Consultancy Services, NTPC and Sun Pharma were the largest laggards.

ITC, Reliance Industries, UltraTech Cement, Bajaj Finance, In dusIn d Bank and Asian Paints were the gainers.

In Asian markets, Seoul, Tokyo and Hong Kong were trading reduced while Shanghai estimated in the eco-friendly.

Wall Street finished mainly reduced on Friday.

Foreign Institutional Investors (FIIs) acquired equities worth Rs 2,335.32 crore on Friday, according to exchange information.

Global oil criteria Brent unrefined dipped 0.31 percent to USD 74.26 a barrel.

Investors are most likely waiting for crucial market hints and international patterns for additional instructions.

The rupee dropped 3 paise to 84.83 versus the United States buck in very early profession on Monday, dragged down by a low-key pattern in residential equities and raised petroleum rates.

Forex investors claimed the rupee stays in a weakening setting as a result of buck need from importers and international financial institutions.

At the interbank fx, the rupee opened up at 84.83 versus the dollar, signing up an autumn of 3 paise over its previous close.

Meanwhile, in today’s session, supplies such as Bharat Forge, Biocon, JK Paper, JSW Energy, Lupin, and others are most likely to continue to be in emphasis as a result of current growths.

Sensex and Nifty recovered highly on Friday, progressing virtually 1% as financiers taken part in deal searching throughout fields like telecommunications, modern technology, and customer durables, sustained by motivating residential rising cost of living information.

After diving 1,207.14 factors in very early profession, the BSE Sensex reversed its losses to shut 843.16 factors greater, or 1.04%, at 82,133.12. During intraday profession, it rose by as long as 923.96 indicate touch 82,213.92.

Similarly, the NSE Nifty increased 219.60 factors, or 0.89%, to finish at 24,768.30, recouping from an intraday dip of 367.9 factors.

Weekly Performance

On an once a week basis, the Sensex acquired 623.07 factors, or 0.76%, while the Nifty progressed 90.5 factors, or 0.36%.

Sectoral Performance and Top Movers

Among the Sensex components, Bharti Airtel, ITC, Kotak Mahindra Bank, Hindustan Unilever, Titan, UltraTech Cement, HCL Technologies, and Power Grid led the gains. In comparison, Tata Steel, In dusIn d Bank, JSW Steel, and Bajaj Finserv were amongst the leading laggards.

Broader Market Trends

Contrary to the gains in benchmark indices, the BSE SmallCap index dropped by 0.29%, while the MidCap index dipped 0.08%, showing blended belief in the wider market.