Finance
Stock Market Crash Highlights, Friday, December 20, 2024: The benchmark equity indices, the BSE Sensex and NSE Nifty50, fell sharply in the week’s last trading session, losing more than 1% each, driven down by selling across counters.
The 30-share Sensex fell 1176.46 points, or 1.49 percent, to close Friday’s trading session at 78,041.59. On Friday, the index traded between 79,587.15 and 77,874.59.
Similarly, the NSE Nifty50 closed down 364.20 points, or 1.52%, at 23,587.50. The Nifty50 traded between 24,065.80 and 24,537.35 on Friday.
Friday finished in favour of the bears, with 45 of the Nifty50’s component stocks falling, led by Tech Mahindra, IndusInd Bank, Mahindra & Mahindra, Axis Bank, and Trent. These stocks were among the top laggards, with losses reaching 3.90 percent. Only five member stocks, including Dr. Reddy’s Lab, Titan, Nestle India, HDFC Life, and ICICI Bank, finished in the green, with gains of up to 1.49 percent.
The fear index, India VIX, which measures market volatility, ended up 3.87 percent at 15.07 points.
Broader markets fell more than the benchmarks, with the Nifty Midcap100 and Nifty Smallcap100 indices closing down 2.82 percent and 2.19 percent, respectively.
All sector indices closed in the red, with Nifty Realty, Nifty Select Telecom, and Nifty Financial Services falling by more than 3% each. Nifty IT, Nifty Auto, and Nifty PSU Bank were among the hardest affected, with each losing more than 2%.
Source:BS
