Market Overview of Sujata Muguda for Business News for Profit 18th Dec

Stock Market Highlights: Sensex Drops 502 Points, Nifty50 Slips Below 24,200

On Wednesday, December 18, 2024, benchmark indices BSE Sensex and NSE Nifty50 resulted in negative territory, weighed down with the aid of losses in key sectors.

The 30-percentage Sensex fell via 502.25 factors, or 0.62%, to shut at 80,182.20, after buying and selling in several 80,868.02 to 80,050.07 in the course of the session. Similarly, the NSE Nifty50 declined through 137.15 points, or 0.56%, to settle at 24,198.85, with an intraday range of 24,394.45 to 24,149.85.

Out of the 50 ingredients in the Nifty50, 33 ended in the pink. Tata Motors, Power Grid, BEL, JSW Steel, and NTPC led the losses, with declines of up to 2.92%. On the other hand, 17 shares, along with Dr Reddy’s Labs, Trent, Cipla, Wipro, and Reliance Industries, registered profits of up to 2.48%.

Broader markets reflected the downtrend because the Nifty Midcap100 and Nifty Smallcap100 indices fell by 0.64% and 0.87%, respectively.

Sector-smart, most indices ended within the red, with awesome declines in Banking shares. The Bank Nifty, PSU Bank, and Private Bank indices dropped with the aid of up to at least one.92%. The Nifty Financials, Media, and Consumer Durables indices additionally saw losses of up to 2.24%. However, IT, Pharma, and Healthcare indices bucked the fashion, completing with gains.

This session highlighted big selling stress, particularly within the banking and financial sectors, at the same time as picking out IT and healthcare shares presented some aid.

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Disclaimer
The statistics furnished in this news article are for informational features and must no longer be construed as economic recommendations. The inventory marketplace is concerned with dangers, and overall performance does not assure destiny outcomes. Conduct thorough studies and search for advice from an authorized financial advertising representative before making any investment selections.