Stock market today: BSE Sensex slips over 350 points; Nifty50 below 23,600 – Newz9

inventory market right this moment: BSE Sensex and Nifty50, the Indian fairness benchmark indices, opened in purple on Tuesday, the final buying and selling day of 2024. While BSE Sensex was below 77,900, Nifty50 was simply above 23,550. At 9:17 AM, BSE Sensex was buying and selling at 77,884.83, down 363 factors or 0.46%. Nifty50 was at 23,553.10, down 92 factors or 0.39%.
Indian benchmark indices closed in unfavourable territory on Monday, with banking and vehicle shares main the decline.
LKP Securities’ Senior Technical Analyst Rupak De famous that Nifty has fallen below its latest consolidation on the day by day chart, with continued buying and selling below the 200-DMA indicating bearish sentiment.
“The Nifty remained unstable throughout the session, oscillating between 23,600 and 23,900. The general outlook stays unfavourable for the quick time period, with potential draw back dangers. On the decrease finish, help is seen at 23,400, whereas resistance is predicted round 23,870 within the close to. time period,” De stated.
Technical Analysis reveals bearish strain, with Choice Broking’s Hardik Matalia noting important promoting at greater ranges.
US markets declined on Monday in decreased quantity buying and selling. The Dow fell 0.97%, S&P 500 dropped 1.07%, and Nasdaq decreased 1.19%. Asian markets confirmed weak point, with S&P 500 futures, Hang Seng futures, and Australia’s S&P/ASX 200 all declining.
FIIs bought shares price Rs 1,893.16 crore, whereas DIIs bought shares valued at Rs 2,173.86 crore on Monday.