Share Market Today: India’s benchmark indices, Sensex and Nifty 50, settled down in red on Monday, December 16, 2024. The Sensex (index with top 30 firms) tumbled by 384.55 points to settle at 81,748.57 on Monday. Nifty50 (index with top 50 firms) declined by 100.05 points to settle at 24,668.25 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 22,766 crore from the Indian equities this month so far.
Foreign investors are back in the Indian stock market in the first two weeks of December. According to media reports, the expectation of a rate cut by the US Federal Reserve, which has improved global liquidity and attracted capital to emerging markets like India, might have fuelled the surge.
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 Monday’s trading session.
| Company | Price Change | Closing Price (Rs) |
|---|---|---|
| ICICI Bank | 0.03% Up | 1,345.55 |
| Tata Motors | 0.75% Down | 784.70 |
| TCS (Tata Consultancy Services) | 1.29% Down | 4,415.90 |
| Reliance Industries (RIL) | 0.42% Down | 1,268.05 |
| JSW Steel | 1.08% Down | 990.35 |
| HCL Technologies | 0.74% Down | 1,953.75 |
| Tech Mahindra | 1.11% Down | 1,776.60 |
| Adani Ports | 1.37% Down | 1,242.85 |
| ITC | 0.02% Down | 470.05 |
| Bajaj Finance | 0.30% Up | 7,207.90 |
On Monday, 24 out of 30 Sensex constituents ended in the red, while only 6 Sensex stocks closed in the green.
ALSO READ: FPI’s Pump Rs 22,766 Crore Into Indian Equities In December – How Will It Impact The Share Market?
