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Stock market bounced back, Sensex jumped 493 points, good rise in these stocks –

by Aaryan Srivastav
December 23, 2024
Stock market bounced back, Sensex jumped 493 points, good rise in these stocks - India TV Hindi

Photo:FILE stock market

After the huge fall last week, the stock market has bounced today. On Monday, the first trading day of the week, BSE Sensex jumped 493.08 points and was trading at 78,534.67 points. Similarly, NSE Nifty has also reached 22,464.95 points with a rise of 145.55 points. If we look at the stocks included in Sensex, good growth is being seen in TATASTEEL, ULTRACEMCO, LT, TATAMOTORS, BAJAJFINSV and BAJFINANCE. At the same time, the falling shares include Power Grid and Zomato. Market experts say that fluctuations may continue in the market. Therefore investors need to invest very carefully. The movement of the market will depend a lot on foreign investors. If foreign investors continue selling then another decline may be seen. At the same time, if the selling is stopped then the rise may return.

There was a huge decline in the market last week

Let us tell you that last week the 30-share Sensex of BSE fell by 4,091.53 points or 4.98 percent, while the Nifty of the National Stock Exchange closed with a fall of 1,180.8 points or 4.76 percent. Due to the huge fall in the market, the market valuation (market cap) of the top 10 Sensex companies declined by Rs 4,95,061 crore last week. Tata Consultancy Services (TCS) and Reliance Industries had suffered the most losses amid the bearish trend in the stock market. Last week, this was the biggest weekly decline in the Indian stock market since June 2022. The week started with a policy announcement from the US central bank Federal Reserve, which led to a change in market sentiment. The Federal Reserve has hinted at cutting interest rates just twice in 2025. This affected market sentiment.

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