Stock market crashes and says goodbye to 2024! The Sensex-Nifty has gained more than 8% this year

Key Features Sensex rose 5,898.75 points, Nifty 1,913.4 points and investors' capital increased by Rs 77.66 lakh crore. Farewell to 2024 with Fall. There was a strong withdrawal of foreign institutional investors (FIIs) in the last week of December, the last month of the year. Sensex fell 109 points, Nifty almost flat. BSE's benchmark 30-share index Sensex ended down 109.12 points, or 0.14%, at 78,139.01 in volatile trade. It fell 687.34 points to 77,560.79 during one-time trade. However, the benchmark National Stock Exchange (NSE) Nifty recovered in a big way from the early fall and finally closed down 0.10 points at 23,644.80. The Sensex rose 5,898.75 points and the Nifty 1,913.4 points to end the year 2024 in decline in the domestic market. However, the Sensex has gained a total of 5,898.75 points or 8.16% this year, while the Nifty has gained 1,913.4 points or 8.80%. The Sensex hit a record high of 85,978.25 on September 27 this year. The Nifty also touched an all-time high of 26,277.35 for the day. However, after that both indices continued to fluctuate. Investors' capital increased by Rs 77.66 lakh crore. The combined market capitalization of BSE-listed companies reached Rs 4,41,95,106.44 crore ($5.16 lakh crore). Tech Mahindra, Zomato, Tata Consultancy Services, Infosys, ICICI Bank, Bajaj Finance, Hindustan Unilever and HCL Technologies were among the losers during Tuesday's trade. On the other hand, shares of Kotak Mahindra Bank, ITC, Ultratech Cement and Tata Motors ended with gains. Vinod Nair, head of research at Geojit Financial Services, said the dollar's strength has stalled the stock market's rally. “The bullish phase in the domestic market has stalled amid negative global signals and a strengthening dollar.” Nair said, “Foreign institutional investors exiting the Indian market and rising crude oil prices have put pressure on the rupee, weakening business sentiment. Going forward, the market's focus is expected to be on the third quarter results and the upcoming budget. Smallcap and midcap indices gain: Foreign institutional investors (FIIs) sold shares worth Rs 1,893.16 crore net on Monday, according to stock market data. However, the BSE Smallcap index of smaller companies rose 0.71% and the Midcap index of medium companies rose 0.13%. Also Read: Stock market closes: Stock market closes down on last day of year, Mehta Equities Ltd Senior Vice President (Research) said stock market fell 109 points. “2024 will be a year for the markets, albeit a challenging one, but a profitable one.” From January to September, the Nifty continued to rise and hit historic levels, but then lost some of its gains.” Elsewhere in Asia, China's Shanghai Composite fell, while Hong Kong's Hang Seng ended with gains. .Markets in Japan and South Korea closed due to New Year's holiday.Also read: Rupee falls to record low against dollar Closes at a record low of 85.65 The post Stock market falls and says goodbye to 2024! Sensex-Nifty up more than 8% this year appeared first on Prabhat Khabar.