On December 18, 2024, benchmark indices BSE Sensex and NSE Nifty50 ended the day in the red.
The Sensex fell by 502.25 points (0.62%) to close at 80,182.20. Throughout the day, it traded between a high of 80,868.02 and a low of 80,050.07. Similarly, the Nifty50 declined by 141.21 points (0.58%) to end at 24,198.85, with its day’s range being 24,394.45 to 24,149.85.
Broader markets mirrored the weak performance, with Nifty Midcap100 and Nifty Smallcap100 falling by 0.64% and 0.87%, respectively.
Out of the 50 stocks in Nifty50, 33 closed lower. Tata Motors, Power Grid, BEL, JSW Steel, and NTPC were the biggest losers, with declines of up to 2.92%.
On the other hand, 17 stocks gained, led by Dr Reddy’s Labs, Trent, Cipla, Wipro, and Reliance Industries, which saw increases of up to 2.48%.
Most sectoral indices ended lower, with banking stocks being the worst hit. The Bank Nifty, PSU Bank, and Private Bank indices dropped by up to 1.92%. The Nifty Financials, Media, and Consumer Durables indices also declined, losing up to 2.24%.
IT, Pharma, and Healthcare were the only sectors to end in positive territory, offering some relief in an otherwise negative trading session.
As of December 18, 2024, at 03:40 PM, Brent Crude was trading at $73.68, up by 0.67%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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