Stock Market Highlights, Tuesday, December 31, 2024: Benchmark equity indices - the BSE Sensex and NSE Nifty 50 recovered smartly from the low's of the day and settled with marginal losses dragged by losses in IT and select banking shares.
The BSE Sensex had tumbled to a low of 77,561 tracking losses in global peers; the BSE benchmark, however, erased losses and jumped to a high of 78,248 in intra-day deals. The Sensex eventually ended at 78,139 - down 0.1 per cent or 109 points on the last trading day of the year 2024.
Similarly, the NSE Nifty 50 index recovered from the day's low of 23,460, and surged to a high of 23,690 - an intra-day gain of 230 points. The Nifty 50 finally settled almost unchanged at 23,645.
In the process, the
BSE Sensex ended the calendar year 2024 with a solid gain of 8.2 per cent or 8,809 points, after having registered a summit at 85,978 during the year. The NSE Nifty 50 mopped up a 8.8 per cent gain in 2024. The benchmark indices were up for the 9th straight calendar year; rising as much as 200 per cent in this period.
ALSO READ: RBI rate cut, Trump, Budget: What factors will drive stock markets in 2025 Back to Tuesday, Infosys, HDFC Bank and ICICI Bank were the major draggers on the Sensex. In terms of per centage losses - Tech Mahindra shed 2.5 per cent. Zomato, TCS, Infosys and ICICI Bank declined 1 - 2 per cent each. On the other hand, Kotak Bank gained 2.5 per cent. ITC, UltraTech Cement, Tata Motors and Tata Steel were the other major movers among the Sensex 30.
Among the broader indices, the Nifty Midcap 150 index ended flat at 21,127, while the Smallcap 250 gained 0.6 per cent at 17,744.
ALSO READ: Will Sensex fall to 69,000 or cross 100,000 in 2025? What tech charts say Sectorally, the NSE Nifty IT index slipped 1.5 per cent. The Nifty Realty index was the other notable loser. Whereas, the Oil & Gas index jumped over 1 per cent; and the PSU Bank, Pharma and Metal indices also advanced around 0.5 per cent each.
The fear index, India VIX, which gauges volatility, rose 3.5 per cent at 14.47.
In the primary markets, shares of Unimech Aerospace and Manufacturing made a stellar debut on bourses on Tuesday, December 31, 2024, listing at Rs 1,491 per share, reflecting a premium of Rs 706, or 89.9 per cent, against the issue price of Rs 785 on the BSE.
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 "Stock Market Highlights: Sensex ends at 78,139, signs-off 2024 with 8% gain; Nifty holds 23,600")
