rediff.com

Sensex Falls 385 Points Amid Weak Global Trends

Share on:

By Rediff Money Desk, CHENNAI   Dec 16, 2024 15:59

Indian stock markets declined on Monday, led by weak global cues and concerns over the US Fed interest rate decision. Sensex closed 385 points lower, with key sectors like IT and banking impacted.
Sensex Falls 385 Points Amid Weak Global Trends
Illustration: Dominic Xavier/Rediff.com
Mumbai, Dec 16 (PTI) Benchmark indices Sensex and Nifty closed lower on Monday due to weak global cues amid caution ahead of the US Fed interest rate decision later this week.

The 30-share BSE benchmark Sensex declined 384.55 points or 0.47 per cent to settle at 81,748.57. During the day, it dropped 581.84 points or 0.70 per cent to 81,551.28.

The NSE Nifty lost by 100.05 points or 0.40 per cent to 24,668.25.

From the 30-share Sensex blue-chip pack, Titan, Adani Ports, UltraTech Cement, Tata Consultancy Services, NTPC, Bharti Airtel, Tech Mahindra, Infosys, Hindustan Unilever and JSW Steel were the biggest laggards.

On the other hand, IndusInd Bank, Bajaj Finance, Power Grid, Mahindra & Mahindra and Axis Bank were the gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower.

European markets were quoting in the red. Wall Street ended mostly lower on Friday.

Meanwhile, wholesale price-based inflation declined to a three-month low of 1.89 per cent in November on cheaper food items.

Foreign Institutional Investors (FIIs) bought equities worth Rs 2,335.32 crore on Friday, according to exchange data.

Global oil benchmark Brent crude declined 0.75 per cent to USD 73.91 a barrel.

The BSE benchmark Sensex jumped 843.16 points or 1.04 per cent to settle at 82,133.12 on Friday. The Nifty climbed 219.60 points or 0.89 per cent to settle at 24,768.30.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

TODAY'S MOST TRADED COMPANIES

  • Company Name
  • Price
  • Volume

More »

Moneywiz Live!