The effect of cold is also being seen on the stock market. In the last five days before Christmas, Sensex had fallen by 4091 points and Nifty by 1180 points. The market is expected to close in the red at the end of calendar year 2024. On Thursday, the last trading day of the week, the Sensex closed at 78,041.59, down 1,176.46 (1.48%) points. Nifty closed at 23,587.50, down 364.21 (1.52%) points. However, on Friday the rupee strengthened by 10 paise from its all-time low to Rs. Closed at 85.03. The benchmark indices of the domestic stock market closed with losses for the fifth consecutive day.
On the last trading day of the week, the Sensex closed at 78,041.59, down 1,176.46 (1.48%) points. During trading it was down 1,343.46 points or 1.69 percent at 77,874.59. Nifty closed at 23,587.50, down 364.21 (1.52%) points. Data shows that Sensex and Nifty fell by about 5 percent during the week. However, on Friday the major stock indices improved by 10 paise to Rs. Closed at 85.03. Among the 30 largest Sensex companies, Tech Mahindra, IndusInd Bank, Axis Bank, Mahindra & Mahindra, Tata Motors, Larsen & Toubro, State Bank of India, Tata Consultancy Services, UltraTech Cement and Reliance Industries were the biggest laggards. On the contrary, JSW Steel, Nestle and Titan were among the gainers.
A declining trend was also seen in Asian and European markets
The decline was seen in Asian markets Seoul, Tokyo, Shanghai and Hong Kong. European stock markets were trading in negative territory. Wall Street closed on Thursday with a negative sentiment. According to exchange data, foreign institutional investors (FIIs) on Thursday invested Rs. Equity worth Rs 4,224.92 crore was sold. Global oil benchmark Brent crude fell 0.96 percent to $72.18 a barrel. The 30-share MGE Sensex closed 964.15 points or 1.20 per cent lower at 79,218.05 on Thursday. Nifty closed 247.15 points or 1.02 per cent below 24,000 at 23,951.70.
Comments are closed.