Stock Market LIVE: Sensex Down, Nifty Below 26k – Auto, Realty, Pharma Decline
indian Stock Markets Extend Sell-Off – December 15, 2024
Table of Contents
Updated december 15, 2024 at 06:01:50 AM PST
Market Overview
Indian stock markets experienced continued downward pressure on Monday, December 15, 2024, influenced by a generally weak global market sentiment. The selling extended from previous sessions, reflecting investor caution.
As of 11:00 AM local time, the BSE Sensex was trading at 85,107.51, a decrease of 160.15 points,or 0.19 percent. Concurrently, the Nifty50 index stood at 25,990.50, down 56.45 points, representing a 0.22 percent decline.
Key Losers and Gainers
Several prominent companies contributed to the Sensex’s decline. Leading the losses were Mahindra & Mahindra (M&M), Trent, Bharti Airtel, NTPC, Bajaj Finserv, Power Grid, sun Pharma, Kotak Bank, Infosys, Tata Consultancy Services (TCS), Titan, Maruti Suzuki, and Bajaj Finance, with declines reaching up to 1.4 percent.
conversely,a limited number of stocks showed gains. Asian Paints, Bharat electronics Limited (BEL), hindustan Unilever Limited (HUL), and Ultratech cement were the only companies to buck the trend and post positive returns.
broader Market and Sector Performance
The broader market indices also reflected the negative sentiment. The Nifty MidCap index fell by 0.51 percent, while the Nifty smallcap index decreased by 0.15 percent.
Sector-wise,the Nifty Auto index experienced the most significant losses,dropping 1.1 percent. The Nifty Realty and Nifty Pharma indices also saw declines, falling by up to 0.8 percent.