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Sensex drops 450 points, Nifty dips amid selling pressure
The Daily Guardian
|December 31, 2024
The stock market began the week on a sombre note, closing in the negative territory on Monday amid selling pressure in heavyweight stocks.
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The benchmark Sensex declined by 450.94 points, or 0.57 per cent, to settle at 78,248.13, while the Nifty plunged 168.50 points, or 0.71 per cent, to close at 23,644.90.
Among Nifty companies, only 11 stocks advanced while 38 ended in the red. Adani Enterprises, Tech Mahindra, HCL Technologies, IndusInd Bank, and Shriram Finance emerged as the top gainers. On the flip side, Hindalco, Tata Motors, Trent, Bharat Electronics Limited (BEL), and Wipro were the biggest losers of the day. Ajit Mishra, Senior Vice President (Research) at Religare Broking Ltd., highlighted the market's volatility.
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