Bears tighten grip on markets; Sensex tanks 1,176 factors; Nifty falls beneath 23,500 degree

From the 30 blue-chip Sensex pack, JSW Metal, Nestle and Titan had been the gainers. File
| Photograph Credit score: Reuters

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

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

From the 30 blue-chip Sensex pack, Tech Mahindra, IndusInd Financial institution, Axis Financial institution, Mahindra & Mahindra, Tata Motors, Larsen & Toubro, State Financial institution of India, Tata Consultancy Companies, UltraTech Cement and Reliance Industries had been the most important laggards. In distinction, JSW Metal, Nestle and Titan had been the gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled decrease. Fairness markets in Europe had been buying and selling within the unfavorable territory. Wall Avenue ended on a blended be aware on Thursday (December 19, 2024.)

International Institutional Buyers (FIIs) offloaded equities value ₹4,224.92 crore on Thursday (December 19, 2024), in line with trade knowledge. International oil benchmark Brent crude declined 0.96% to $72.18 a barrel.

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