Real-time Stock Market updates for Monday, December 31, 2024

Stock Market LIVE Updates: December 31, 2024 – Weak Global Cues Drag Indian Indices Lower at Open

Indian equity benchmark indices, BSE Sensex and NSE Nifty50, opened lower on Tuesday amid vulnerable international cues. Global trading hobbies remained subdued with numerous international markets closed for New Year’s Eve.

At the whole bell, the BSE Sensex fell by using 377 factors (0.48%) to 77,871, even as the NSE Nifty50 slipped 93 factors (0.39%) to 23,551.90.

Key Performers on Sensex

Out of the 30 shares on the Sensex, 10 were buying and selling inside the inexperienced, whilst the rest published losses.

Top Losers: Zomato (-2.17%), Tech Mahindra, HCLTech, Infosys, and TCS.

Top Gainers: SBI (+0.51%), Nestle India, Asian Paints, Adani Ports & SEZ, and Hindustan Unilever.

Key Performers on Nifty50

On the Nifty50, 21 stocks had been in nice territory, whilst 29 declined.

Top Gainers: ONGC (+1.29%), BEL, Coal India, SBI, and Kotak Mahindra Bank.

Top Losers: Tech Mahindra (-1.94%), Infosys, TCS, HCLTech, and Adani Enterprises.

Sectoral Indices Performance

Lagging Sectors:

IT Index (-2.31%)

Realty Index (-1.05%)

Nifty Bank, Financial Services, Consumer Durables, FMCG, and Auto.

Gaining Sectors:

Pharma, PSU Bank, Metal, Healthcare, and Oil & Gas.

Broader Market Trends
Nifty Midcap one hundred: Declined by 0.55%.
Nifty Smallcap one hundred: Declined by using 0.20%.

Global and Domestic Market Sentiments

Uncertainty around the US Federal Reserve’s interest rate policy for 2025 has kept US 10-yr Treasury yields hovering near 4.5%, prompting income booking in the US markets over the last three classes. This has caused a decline in benchmark indices globally.

Emerging markets like India face subdued investor sentiment amid excessive yields. However, Indian traders are expected to be seeking value possibilities across stocks and sectors, especially with the anticipation of financial measures in the approaching Union Budget.

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.