Stock Market Update: December 30, 2024 The domestic stock market opened lower on Monday, December 30, 2024, mainly due to the weak performance of Asian markets and selling pressure from foreign investors. As soon as trading began, the Bombay Stock Exchange (BSE) saw its main index, the Sensex, drop by 61.49 points, landing at 78,637.58 points. Similarly, the National Stock Exchange (NSE) Nifty started at 23,796.90 points, down by 16.50 points.
Decline in BSE Sensex Stocks
At the time of this report, 26 out of 30 stocks in the BSE’s Sensex index were trading lower. The biggest loser was HCL Technologies, which fell by 1.3%. Other stocks that saw declines include:
– Infosys
– Mahindra & Mahindra
– Titan
– Maruti Suzuki India
– Powergrid
– Tech Mahindra
– TCS
– Adani Ports
– Tata Motors
– National Thermal Power Corporation
On a brighter note, shares of Adani Ports, Zomato, UltraTech Cement, ICICI Bank, ITC, and Bharti Airtel** were performing well.
Hindalco Takes a Hit on NSE In the NSE’s Nifty index, out of 50 stocks, 22 were in the green, 18 were in the red, and 10 showed no change. Hindalco experienced the largest drop, trading at 617.90, down by 1.73% Other stocks like State Bank of India, Coal India, and ONGC also saw declines. However, stocks such as **Dr. Reddy’s, IndusInd Bank, Mahindra & Mahindra, Tata Motors, and Eicher Motors were in the profit zone.
Broader Market Trends Looking at other Asian markets, indices like Japan’s Nikkei 225, Hong Kong’s Hang Seng**, South Korea’s Kospi, and China’s Shanghai Composite are also showing negative trends. On the other hand, European markets closed positively on Friday, while US markets ended the day on a weaker note. In the global oil market, Brent crude saw a slight increase of 0.02%, reaching $73.81 per barrel.
