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Weak start of stock market, Sensex fell 80 points, Nifty fell 28 points and opened at 23,785 points –

by Aaryan Srivastav
December 30, 2024
Weak start of stock market, Sensex fell 80 points, Nifty fell 28 points and opened at 23,785 points - India TV Hindi

Photo:FILE stock market

The stock market has had a weak start on Monday, the first trading day of the week. BSE Sensex opened 80.07 points down at 78,619.00 points. At the same time, NSE Nifty is trading at 23,785.00 points with a fall of 28.40 points. The decline in the Indian market is due to weakness in the global markets. There was a big fall in the American market on Friday. Its effect is visible in the Indian market today. The market is expected to remain range bound due to reduced participation from foreign investors due to the end of the year. If we look at the shares, there is a rise in the shares like Airtel, ITC, UltraTech Cement, Adani Ports etc. At the same time, the fallers include Reliance, HCL Tech, Tata Motors and TCS.

Initial heatmap of Sensex

Image Source : FILE

Initial heatmap of Sensex

There was a rise last week

Let us tell you that on Friday last week, BSE’s 30-share standard index Sensex rose by 226.59 points or 0.29 percent and closed at 78,699.07. The standard index Nifty of the National Stock Exchange (NSE) also closed at 23,813.40, up 63.20 points or 0.27 percent. At the same time, if we look at the entire week, the 30-share Sensex of BSE rose by 657.48 points or 0.84 percent, while the Nifty of the National Stock Exchange was up by 225.9 points or 0.95 percent.

Fall in shares of these companies

Among the 30 Sensex listed companies, shares of Infosys, Mahindra & Mahindra, HCL Technologies, Titan, Power Grid, Tech Mahindra, Kotak Mahindra Bank and Tata Motors were the biggest losers. Shares of Adani Ports, Zomato, UltraTech Cement and ITC were among the gainers. In Asian markets, Hong Kong’s Hang Seng, China’s Shanghai Composite and Japan’s Nikkei were in loss while South Korea’s Kospi was in profit. American markets closed with a negative trend on Friday.

Crude oil became expensive

International standard Brent crude stood at $ 74.22 per barrel with a gain of 0.07 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Friday and sold shares worth a net Rs 1,323.29 crore.

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