December 31st 2024.
The year 2024 came to a close on Tuesday with a downward trend in the benchmark indices Sensex and Nifty, as foreign funds continued to flow out and global markets remained weak. It was the second consecutive day of decline for the 30-share BSE Sensex, which ended at 78,139.01, a decrease of 109.12 points or 0.14%. The intra-day saw a significant drop of 687.34 points or 0.87%, with the index settling at 77,560.79.
Similarly, the NSE Nifty also saw a marginal dip of 0.10 points, ending the final session of 2024 at 23,644.80. However, if we look at the entire year, both the Sensex and Nifty have shown positive growth, with the Sensex gaining 5,898.75 points or 8.16%, and the Nifty surging by 1,913.4 points or 8.80%.
In fact, the Sensex reached an all-time high of 85,978.25 on September 27 this year, and the Nifty also set a record of 26,277.35 on the same day. However, in the last session of 2024, several blue-chip companies such as Tech Mahindra, Zomato, Tata Consultancy Services, Infosys, ICICI Bank, Bajaj Finance, Hindustan Unilever, and HCL Technologies saw a decline in their stocks, while Kotak Mahindra Bank, ITC, UltraTech Cement, and Tata Motors were among the gainers.
According to exchange data, foreign institutional investors offloaded equities worth Rs 1,893.16 crore on Monday. In the Asian markets, Shanghai and Tokyo settled lower, while Hong Kong ended on a positive note. On the other hand, markets in Seoul were closed for the New Year holidays. In the European markets, most stocks were trading higher, while US markets ended lower on Monday.
The global oil benchmark, Brent crude, saw a rise of 0.46% at $74.34 a barrel. In the previous day's trading, the BSE Sensex fell by 450.94 points or 0.57% to settle at 78,248.13, and the Nifty also saw a decline of 168.50 points or 0.71% at 23,644.90. With the year coming to an end, market experts are keeping a close eye on the trends and fluctuations, hoping for a positive start to the new year.
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