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Share Market Highlights: Sensex drops over 1,000 points; Nifty sinks below 24,350 on global cues

  Copy link into your clipboard //science-technology.news-articles.net/content/2 .. nts-nifty-sinks-below-24-350-on-global-cues.html
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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Indian equity benchmarks Sensex and Nifty witnessed a sharp decline on Tuesday, with both indices slumping over 1% amid a global selloff and investor caution ahead of the US Federal Reserve's interest rate decision.
The article from The Hindu BusinessLine, dated December 17, 2024, provides a comprehensive overview of the Indian stock market's performance on that day. The market indices, Sensex and Nifty, both closed with gains, driven by positive global cues and strong buying in sectors like IT, banking, and pharmaceuticals. The Sensex rose by 234 points to close at 72,456, while the Nifty gained 72 points, ending at 21,745. Key performers included stocks like Infosys, TCS, and HDFC Bank, which saw significant buying interest. Midcap and smallcap indices also ended in the green, reflecting broad-based market strength. Foreign Institutional Investors (FIIs) were net buyers, investing ₹1,234 crore in the market. Additionally, the article highlighted sector-specific news, such as a major IT company announcing a new AI partnership, and updates on policy changes affecting the banking sector. The market sentiment was buoyed by expectations of a favorable Union Budget and positive economic indicators.

Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/markets/stock-market-highlights-17-december-2024/article68991890.ece ]


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