Share Market Today: India’s benchmark indices, Sensex and Nifty 50, settled down in red on Wednesday, December 18, 2024. The Sensex (index with top 30 firms) tumbled by 502.25 points to settle at 80,182.20 on Wednesday. Nifty50 (index with top 50 firms) declined by 137.15 points to settle at 24,198.85 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 25,891 crore from the Indian equities this month so far.
The share market benchmarks declined because of several reasons. The investors were cautious in anticipation of the US Federal Reserve’s meeting on December 18. Furthermore, they seek clarity on the bank’s future interest rate decisions.
Market experts also believe that India’s widening trade deficit, which surged to $37.8 billion in November, is expected to put downward pressure on the Indian rupee. According to the experts, this depreciation of the rupee may benefit export-oriented sectors such as IT and pharmaceuticals, while increasing costs for importers. As a result, the stock prices of companies in these sectors may get impacted, with importers facing losses.
Share Market Today: Stocks In Focus
Based on BSE data, here’s a snapshot of how key stocks performed in Wednesday’s trading session.
| Company | Price Change | Closing Price (Rs) |
|---|---|---|
| ICICI Bank | 1.46% Down | 1,313.60 |
| Tata Motors | 3.03% Down | 755.70 |
| TCS (Tata Consultancy Services) | 0.55% Up | 4,348.20 |
| Reliance Industries (RIL) | 0.64% Up | 1,253.05 |
| JSW Steel | 2.02% Down | 947.05 |
| HCL Technologies | 0.40% Up | 1,959.20 |
| Tech Mahindra | 0.50% Up | 1,778.65 |
| Adani Ports | 1.79% Down | 1,210.05 |
| ITC | 0.17% Up | 470.65 |
| Bajaj Finance | 1.16% Down | 7,065.00 |
On Wednesday, 22 of 30 Sensex constituents ended in the red.
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