Share Market Today: India’s benchmark indices, Sensex and Nifty 50, settled down in red on Tuesday, December 24, 2024. The Sensex (index with top 30 firms) tumbled by 67.30 points to settle at 78,472.87 on Tuesday. Nifty50 (index with top 50 firms) declined by 25.80 points to settle at 23,727.65 points.
Additionally, foreign investors withdrew an amount of Rs 21,612 crore from Indian equities in November. These investors had pulled out Rs 94,017 crore from Indian stock market in October 2024. However, these investors invested Rs 19,916 crore from the Indian equities this month so far.
Foreign investors are back in the Indian stock market in December, but are now cautious from past few days. According to media reports, the rate cut by the US Federal Reserve, which has improved global liquidity and attracted capital to emerging markets like India, might surge their inflows in the Indian equities.
The Reserve Bank of India’s (RBI) recently reduced the Cash Reserve Ratio (CRR) from 4.5% to 4%, injecting liquidity into the financial system. The RBI decision to lower the Cash Reserve Ratio (CRR) is expected to inject liquidity into the system, spur credit growth, and provide a much-needed impetus to India’s economic recovery. Furthermore, the RBI also maintained the status quo on the repo rate, keeping it steady at 6.5%.
Share Market Today: Stocks In Focus
Based on BSE data, here’s a snapshot of how key stocks performed in Tuesday’s trading session.
Company | Price Change | Closing Price (Rs) |
---|---|---|
ICICI Bank | 0.12% Up | 1,298 |
Tata Motors | 1.92% Up | 736.35 |
TCS (Tata Consultancy Services) | 0.57% Up | 4,180.65 |
Reliance Industries (RIL) | 0.11% Up | 1,223.50 |
Zomato | 0.31% Up | 274.75 |
HCL Technologies | 0.37% Down | 1,896.30 |
Tech Mahindra | 0.42% Down | 1,706.30 |
Adani Ports | 0.81% Down | 1,182.55 |
ITC | 0.86% Up | 478.30 |
Bajaj Finance | 0.88% Down | 6,805.95 |
On Tuesday, 16 out of 30 Sensex constituents ended in the red, while only 14 Sensex stocks closed in the green.
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