India's Equity Benchmarks Have a Muted End to 2024

Indian benchmark indexes were muted on Tuesday, weighed by a drop in information technology stocks, while elevated U.S. Treasury yields continued to hurt emerging market assets.

- Reuters

The Nifty 50 closed flat at 23,644.8 points, while the BSE Sensex shed 0.14% to 78,139.01. Both the indexes fell about 0.5% earlier in the session.

They gained about 8.5% in 2024, to log a ninth straight annual rise.

Four of the 13 major sectors declined on the day, with IT, down 1.4%, as the top sectoral loser.