Market Overview of Sujata Muguda for Business News for Profit 31 Dec

Stock Market Highlights: December 31, 2024 – Indices Recover from Lows, End with Marginal Losses

Indian benchmark indices BSE Sensex and NSE Nifty50 managed to recover sharply from intraday lows on the final trading day of 2024, closing with minor losses. The recovery was primarily offset by declines in IT and select banking stocks.

Intraday Performance

BSE Sensex: Dropped to an intraday low of 77,561 before rebounding to a high of 78,248. It closed at 78,139, down 109 points (0.1%).
NSE Nifty50: Touched an intraday low of 23,460 and surged to a high of 23,690 before settling at 23,645, nearly unchanged.

Calendar Year Gains

BSE Sensex: Ended 2024 with an impressive gain of 8.2% (8,809 points), hitting an all-time high of 85,978 during the year.
NSE Nifty50: Gained 8.8% over the year. This marks the ninth consecutive calendar year of growth for the benchmarks, with cumulative gains of 200% during this period.

Key Contributors to Tuesday’s Performance

Top Losers:
Tech Mahindra (-2.5%)
Zomato, TCS, Infosys, and ICICI Bank (down 1–2% each)

Top Gainers:
Kotak Bank (+2.5%)
ITC, UltraTech Cement, Tata Motors, and Tata Steel also posted notable gains.

Broader Market Trends
Nifty Midcap 150: Closed flat at 21,127.
Nifty Smallcap 250: Gained 0.6%, ending at 17,744.

Sectoral Highlights
Losers:
Nifty IT Index (-1.5%)
Nifty Realty Index also ended lower.

Gainers:
Oil & Gas Index (+1%)
PSU Bank, Pharma, and Metal indices rose around 0.5% each.

Volatility Index
The India VIX, a measure of market volatility, climbed 3.5% to close at 14.47, reflecting investor caution on the last trading day of the year.

Overall, despite the day’s volatility, Indian equity markets capped off 2024 with significant yearly gains, demonstrating resilience in a challenging global environment.

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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.