IT shares, FII spoiled the mood of investors in the last session of 2024, Sensex slipped below 78000

Stock Market Opening On 31 December 2024: Indian shares are buying and selling with a decline in the last buying and selling session of the yr 2024. Due to promoting by investors, BSE Sensex opened below the 78000 mark with a fall of 266 factors. Whereas the buying and selling has began with a fall of 84 factors in Nifty of National Stock Exchange. At current, Sensex is buying and selling 625 factors down at 77,643 and Nifty is down 160 factors at 23,488 factors.

IT shares spoiled the mood

In the last session of the yr, IT sector shares have spoiled the mood of the market. Due to promoting in IT shares, Nifty IT index is buying and selling with a decline of about 1000 factors. Apart from this, there’s a decline in the shares of Banking, FMCG, Metals, Consumer Durables, Healthcare, Energy, Media sectors. Only the shares of Pharma and Oil and Gas sectors are seeing an increase. Mid-cap and small-cap shares are additionally buying and selling with a decline. Nirti’s mid-cap index is buying and selling with a decline of 518 factors whereas the small-cap index is down by 115 factors.

loss to investors

Even in the last session of the yr, investors have suffered a loss of greater than Rs 3 lakh crore. The market cap of shares listed on BSE has fallen to Rs 437.82 lakh crore, which was Rs 441.35 lakh crore in the last session. That means investors have suffered a loss of Rs 3.53 lakh crore in at the moment’s session.

rising and falling shares

Out of 30 Sensex shares, 24 are buying and selling down whereas solely 6 shares are up. In at the moment’s session, Tech Mahindra is buying and selling with a fall of 2.47 p.c, Infosys by 2.45 p.c, Zomato by 2.21 p.c, TCS by 2.20 p.c, HCL Tech by 1.49 p.c and Bajaj Finance by 0.98 p.c.

Fun spoiled by promoting by overseas investors

In the last buying and selling session of last yr, on December 29, 2023, the Sensex closed at 72,240 factors whereas the Nifty closed at 21,730. If seen from that stage, in 2024 there was an increase of solely 5600 factors in Sensex and 1814 factors in Nifty. That means Sensex has given a return of 7.75 p.c and Nifty has given a return of 8.34 p.c in one yr. In truth, as a result of the development of decline in the market that began from the last week of September 2024 as a result of promoting by overseas investors, this bounce appears to be very low. By the method, Sensex has made a excessive of 85978 factors and Nifty of 26277 factors this yr. In the yr 2024, the wealth of investors has elevated by about Rs 75 lakh crore.

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