Mumbai, 31 December
Benchmark indices Sensex and Nifty closed lower in the last session of 2024 on Tuesday amid continued foreign fund outflows and weaker trends in global markets. Meanwhile, there was a downward trend in the share market for the second consecutive day.
For the second consecutive day, the 30-share Bombay Stock Exchange (BSE) benchmark Sensex closed down 109.12 points, or 0.14 per cent, at 78,139.01. It had slipped 687.34 points or 0.87 percent to 77,560.79 once during the day. On the other hand, the National Stock Market (NSE) index Nifty closed marginally lower by 0.10 points at 23,644.80.
If we talk about the whole year 2024, the Sensex increased by a total of 5,898.75 points or 8.16 percent compared to the previous year and the Nifty recorded an increase of 1,913.4 points or 8.80. On September 27 this year, the BSE benchmark Sensex hit a record high of 85,978.25 and the NSE Nifty also hit an all-time high of 26,277.35 on the same day.
Among the 30 blue-chip packs, Tech Mahindra, Zomato, Tata Consultancy Services, Infosys, ICICI Bank, Bajaj Finance, Hindustan Unilever and HCL Technology were the major underdogs during Tuesday’s session. On the other hand, Kotak Mahindra Bank, ITC, Ultratech Cement and Tata Motors made profits during this period. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 1,893.16 crore on Monday, which is the main reason for the fall in the stock market.
Talking about the Asian markets, Shanghai saw a decline, but the Hong Kong stock market closed in the green. Markets in Tokyo and Seoul were closed for the New Year holiday.
Similarly, European markets were mostly trading higher. American markets also closed in the red on Monday. -News-Patiala
