Market Overview of Sujata Muguda for Business News for Profit 19th Dec

Estimated read time 2 min read

On Thursday, December 19, 2024, the benchmark equity indices BSE Sensex and NSE Nifty50 skilled a pointy correction, every settling down by over 1%. This decline was prompted by the negative performance on Wall Street following hawkish comments from US Fed Chairman Jerome Powell.

The 30-proportion BSE Sensex dropped 964.15 factors, or 1.20%, remaining the trading session at 79,218.05. Throughout the day, the index fluctuated between 79,516.17 and 79,020.08.

Similarly, the NSE Nifty50 fell by 247.15 points, or 1.02%, finishing at 23,951.70. The Nifty50 traded inside a range of 24,004.90 to 23,870.30.

The market sentiment preferred the bears, with 36 out of the 50 constituent shares of the Nifty50 final inside the crimson. The top laggards protected Bajaj Finance, Bajaj Finserv, Asian Paints, JSW Steel, and Grasim, which declined by up to 2.33%. Conversely, Dr. Reddy’s, Cipla, BPCL, Sun Pharma, and Apollo Hospital were a number of the 14 stocks that ended better, gaining as much as 4.04%.

Broader markets mirrored the benchmarks’ performance, with the Nifty Midcap100 and Nifty Smallcap100 indices closing lower through 0.28% and 0.51%, respectively.

The volatility index, India VIX, which measures market volatility, rose by 0.95% to 14.51 factors, indicating accelerated marketplace uncertainty.

Look out for Business News For Profit’s marketplace and watch critiques for a deeper dive and expert perspectives in the marketplace’s country. In the inventory market’s ever-evolving panorama, our commitment to providing accurate and well-timed information will help manual traders make informed selections.

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.

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