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  • Sensex Tanks 1,064 Points, Nifty Plunges Over 330 Points To Settle Below 24,350 – News18

    Sensex Tanks 1,064 Points, Nifty Plunges Over 330 Points To Settle Below 24,350 – News18

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    The 30-share BSE benchmark Sensex declined 350.98 points to 81,397.59 in early trade.

    On Monday, the 30-share BSE Sensex dropped 384.55 points or 0.47% to close at 81,748.57, after falling 581.84 points or 0.70% intraday to touch 81,551.28.

    On Monday, the 30-share BSE Sensex dropped 384.55 points or 0.47% to close at 81,748.57, after falling 581.84 points or 0.70% intraday to touch 81,551.28.

    Stock Market Updates: Benchmark equity indices witnessed a sharp decline on Tuesday, as the BSE Sensex tanked 1,064.12 points to close at 80,684.45, while the NSE Nifty slumped 332.25 points to settle at 24,336.

    Key Highlights:

    Sensex: Dropped 1,064.12 points to 80,684.45

    Nifty: Declined 332.25 points to 24,336

    Top Losers: Banking and IT heavyweights under pressure

    Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday amid cautious investors approach ahead of the US Fed interest rate decision and selling in blue-chip stocks like Reliance Industries and HDFC Bank.

    By midday, the Sensex had fallen 953 points, or 1.2%, to 80,795.36, while the Nifty dropped 284 points, or 1.2%, to 24,383.

    From the 30-share blue-chip pack, Reliance Industries, Bharti Airtel, Nestle, Larsen & Toubro, Bajaj Finserv, HDFC Bank, JSW Steel and Titan were among the laggards.

    Tata Motors, Adani Ports, Tech Mahindra, HCL Technologies and Hindustan Unilever were the gainers.

    In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.

    Wall Street ended mostly higher on Monday.

    Foreign Institutional Investors (FIIs) offloaded equities worth Rs 278.70 crore on Monday, according to exchange data.

    Global oil benchmark Brent crude dipped 0.14 per cent to USD 73.81 a barrel.

    The 30-share BSE benchmark declined 384.55 points or 0.47 per cent to settle at 81,748.57 on Monday. The Nifty lost 100.05 points or 0.40 per cent to 24,668.25.

    News business » markets Sensex Tanks 1,064 Points, Nifty Plunges Over 330 Points To Settle Below 24,350

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  • Stock Market Updates: Sensex Falls 500 Points, Nifty Below 24,700 – News18

    Stock Market Updates: Sensex Falls 500 Points, Nifty Below 24,700 – News18

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    Stock Market Updates: Benchmark indices were trading lower in the pre-opening session.

    Stock Market Updates Today: Check Sensex, Nifty Latest Movements On December 16

    Stock Market Updates Today: Check Sensex, Nifty Latest Movements On December 16

    Stock Market Updates: The Indian equity market opened on a subdued note on December 16, with benchmark indices trading in negative territory during the pre-opening session. Benchmarks traded in the red on Monday, dragged down by losses in key financial and information technology stocks.

    Benchmark indices declined in early trade in line with weak global cues and caution ahead of the WPI inflation data to be announced later in the day.

    Investors will focus on the US Federal Reserve’s monetary policy decision on Wednesday, particularly the outlook for rate cuts in the coming year.

    The 30-share BSE benchmark Sensex declined over 500 points to 81,584 around 12.20 pm. The NSE Nifty was trading at 24,607.95 points.

    From the 30-share Sensex blue-chip pack, JSW Steel, Titan, Bharti Airtel, Nestle, Mahindra & Mahindra, Tata Consultancy Services, NTPC and Sun Pharma were the biggest laggards.

    ITC, Reliance Industries, UltraTech Cement, Bajaj Finance, IndusInd Bank and Asian Paints were the gainers.

    India’s wholesale inflation eased to 1.9 percent in November, down from 2.4 percent the previous month, as food prices cooled off, according to government data released on December 16. Additionally, consumer inflation dropped to 5.5 percent in November, down from a 14-month high of 6.2 percent in the previous month, driven by cheaper vegetable prices. This easing of inflation is expected to have a positive impact on the stock market, potentially boosting investor sentiment as it signals lower pressure on consumer spending and economic stability.

    In Asian markets, Seoul, Tokyo and Hong Kong were trading lower while Shanghai quoted in the green.

    Wall Street ended mostly lower on Friday.

    Foreign Institutional Investors (FIIs) bought equities worth Rs 2,335.32 crore on Friday, according to exchange data.

    Global oil benchmark Brent crude dipped 0.31 per cent to USD 74.26 a barrel.

    The rupee fell 3 paise to 84.83 against the US dollar in early trade on Monday, dragged down by a muted trend in domestic equities and elevated crude oil prices.

    Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks.

    At the interbank foreign exchange, the rupee opened at 84.83 against the greenback, registering a fall of 3 paise over its previous close.

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