Market Overview of Sujata Muguda for Business News for Profit 20th Dec

Stock Market Crash Highlights: Friday, December 20, 2024

Indian fairness markets witnessed a sharp correction on Friday, with both the BSE Sensex and NSE Nifty50 declining by over 1% inside the week’s final trading session, driven via wide-based promoting.

Closing Numbers

BSE Sensex:

Declined 1,176.46 points (1.49%) to shut at 78,041.59.
Traded within a variety of 79,587.15 to 77,874.59.

NSE Nifty50:

Fell 364.20 factors (1.52%) to settle at 23,587.50.
Moved in a number 24,1/2.80 to 23,537.35.

Market Movers

Top Losers:

Tech Mahindra, IndusInd Bank, Mahindra & Mahindra, Axis Bank, and Trent led the decline, with losses extending up to a few.90%.

Top Gainers:

Only 5 stocks controlled gains, which include Dr. Reddy’s Laboratories, Titan, Nestle India, HDFC Life, and ICICI Bank, rising to 1.49%.

Volatility and Broader Markets

The India VIX, the marketplace’s volatility index, surged 3.87% to shut at 15.07 factors.

Broader marketplace indices suffered deeper losses:

Nifty Midcap100: Down 2.82%.

Nifty Smallcap100: Fell 2.19%.

Sectoral Performance

All sectoral indices ended inside the crimson:

Worst Performers:

Nifty Realty, Nifty Select Telecom, and Nifty Financial Services declined over 3% every.

Nifty IT, Nifty Auto, and Nifty PSU Bank additionally recorded losses exceeding 2%.

The day firmly belonged to the bears as selling strain ruled, bringing a risky and difficult trading week to a near.

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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.