Even on the last trading day of the year, the domestic stock market disappointed investors and closed with a decline. At the end of trading on Tuesday, the benchmark index of Bombay Stock Exchange (BSE) closed at the level of 78,139.01 with a fall of 109.12 points. Similarly, Nifty of National Stock Exchange also closed at the level of 23,658.15 with a gain of 13.25 points in flat trading. Nifty Bank also fell at the level of 50,887.00 with a fall of 65.75 points. Among the 30 blue-chip pack, Tech Mahindra, Zomato, Tata Consultancy Services, Infosys, ICICI Bank, Bajaj Finance, Hindustan Unilever and HCL Technologies were the biggest laggards on Tuesday. Kotak Mahindra Bank, ITC, UltraTech Cement and Tata Motors were among the gainers.
This year there was only this much growth in the market
According to the news, in the year 2024, Nifty registered a gain of about 9 percent, while Sensex registered a gain of 8 percent. The broader market comprising small and midcap stocks once again outperformed this year. Nifty Smallcap 100 and Nifty Midcap 100 indices gained more than 20 percent.
According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 1,893.16 crore on Monday. In Asian markets, there was a decline in Shanghai, while there was a rise in Hong Kong. Markets in Tokyo and Seoul remained closed due to New Year holidays. European markets remained mostly bullish. American markets closed with a decline on Monday. Global oil benchmark Brent crude rose 0.46 percent to $74.34 per barrel.
How was the trend in the Asian market?
Asian shares fell in year-end trading on Tuesday, with investors trimming their bets on a massive US interest rate cut in 2025 and bracing for the incoming Trump administration, while the dollar fell against other currencies. Remains strong. China’s blue-chip CSI 300 index remained flat, while Hong Kong’s Hang Seng index was 0.3 percent higher in early trade.
Latest Business News