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Stock Market Opening On 31 December 2024: Indian stocks are trading with a decline in the last trading session of the year 2024. Due to selling by investors, BSE Sensex opened below the 78000 mark with a fall of 266 points. Whereas the trading has started with a fall of 84 points in Nifty of National Stock Exchange. At present, Sensex is trading 625 points down at 77,643 and Nifty is down 160 points at 23,488 points.
IT shares spoiled the mood
In the last session of the year, IT sector shares have spoiled the mood of the market. Due to selling in IT shares, Nifty IT index is trading with a decline of about 1000 points. Apart from this, there is a decline in the shares of Banking, FMCG, Metals, Consumer Durables, Healthcare, Energy, Media sectors. Only the shares of Pharma and Oil and Gas sectors are seeing a rise. Mid-cap and small-cap stocks are also trading with a decline. Nirti’s mid-cap index is trading with a decline of 518 points while the small-cap index is down by 115 points.
loss to investors
Even in the last session of the year, investors have suffered a loss of more than Rs 3 lakh crore. The market cap of stocks listed on BSE has fallen to Rs 437.82 lakh crore, which was Rs 441.35 lakh crore in the last session. That means investors have suffered a loss of Rs 3.53 lakh crore in today’s session.
rising and falling stocks
Out of 30 Sensex stocks, 24 are trading down while only 6 stocks are up. In today’s session, Tech Mahindra is trading with a fall of 2.47 percent, Infosys by 2.45 percent, Zomato by 2.21 percent, TCS by 2.20 percent, HCL Tech by 1.49 percent and Bajaj Finance by 0.98 percent.
Fun spoiled by selling by foreign investors
In the last trading session of last year, on December 29, 2023, the Sensex closed at 72,240 points while the Nifty closed at 21,730. If seen from that level, in 2024 there has been a rise of only 5600 points in Sensex and 1814 points in Nifty. That means Sensex has given a return of 7.75 percent and Nifty has given a return of 8.34 percent in one year. In fact, due to the trend of decline in the market that started from the last week of September 2024 due to selling by foreign investors, this bounce seems to be very low. By the way, Sensex has made a high of 85978 points and Nifty of 26277 points this year. In the year 2024, the wealth of investors has increased by about Rs 75 lakh crore.
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