Stock Market Crash Highlights: Sensex sinks 1064pts, Nifty ends below 24340; Auto, banks, metals dip
Markets Crash Today Highlights: The day ended in favour of bears as all the constituent stocks of Nifty50, barring Cipla and ITC, ended in the red
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Stock Market Crash Highlights, Tuesday, December 17, 2024: Benchmark equity indices BSE Sensex and NSE Nifty 50 witnessed a sharp correction, settling down by over 1 per cent each, weighed by selling across the counters. The 30-share Sensex tumbled 1,064.12 points, or 1.30 per cent, to end Tuesday's trading session at 80,684.45. The index traded in the range of 81,613.64 to 80,612.20 today.
Similarly, the NSE Nifty50 ended down by 332.25 points, or 1.35 per cent, to settle at 24,336. Nifty 50 traded in the range of 24,624.10 to 24,303.45 today.
The day ended in favour of bears as all the constituent stocks of Nifty50, barring Cipla and ITC, ended in the red. Shriram Finance, Grasim Industries, Bharti Airtel, Hero MotoCorp, and JSW Steel were among the top laggards, extending losses of up to 5.27 per cent.
Broader markets also mirrored the benchmarks, with Nifty Midcap100, and Nifty Smallcap100 indices ending lower by 0.57 per cent, and 0.68 per cent, respectively.
The fear index, India VIX, which gauges volatility in markets, ended higher by 3.31 per cent at 14.49 points. All the sectoral indices ended in the red, barring Nifty Media, which ended higher by merely 0.02 per cent. Among others, all the banking indices on NSE, along with Auto, Financial Services, Consumer Durables, and OMCs, ended down by 1 per cent each.
4:08 PM
(View by:Rupak De, Senior Technical Analyst, LKP Securities. )
Stock Market Highlights LIVE Updates: Nifty has fallen below the 21-EMA, indicating a rise in bearish bets
Nifty slipped sharply following the formation of a Harami pattern on the daily timeframe. The index has fallen below the 21-EMA, indicating a rise in bearish bets in the market. Additionally, the indicator is in a bearish crossover, further supporting the negative sentiment.
The short-term outlook remains weak, with the potential for a decline towards 24,200, where an initial round of support is expected. A meaningful recovery might be seen if Nifty does not break decisively below 24,200.
The short-term outlook remains weak, with the potential for a decline towards 24,200, where an initial round of support is expected. A meaningful recovery might be seen if Nifty does not break decisively below 24,200.
(View by:Rupak De, Senior Technical Analyst, LKP Securities. )
4:07 PM
Stock Market Highlights LIVE Updates: A record-high trade deficit is exacerbating the pressure on markets
Widespread pessimism prevails across all sectors ahead of key policy decisions from the US Fed, BoJ, and BoE. While the market has already factored in a 25bps cut from the US Fed, it remains vigilant for any hawkish signals. The BoJ and BoE are largely expected to maintain their current rates for the year. Concurrently, the INR has depreciated to an all-time low, and a record-high trade deficit is exacerbating the pressure. FII outflows persist due to rising US bond yields and a strengthening dollar, further contributing to the prevailing pessimism.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
4:06 PM
Stock Market Highlights LIVE Updates: Nifty PSU Bank, Auto, Metal lead losses among sectors
Nifty PSU Bank, Auto, Metal lead losses among sectors.
3:44 PM
Stock Market Highlights LIVE Updates: Shriram Finance, Grasim Industries, HeroMoto Corp fall up to 5%
Shriram Finance, Grasim Industries, and HeroMoto Corp fall up to 5 per cent on NSE.
3:41 PM
Stock Market Highlights LIVE Updates: Broader indices fall
The BSE SmallCap index slipped 0.52 per cent, while the BSE MidCap index tanked 0.65 per cent.
3:38 PM
Stock Market Highlights LIVE Updates: 29 out of 30 stocks end in red on Sensex
JSW Steel and Bharti Airtel fell 3 per cent each on the BSE Sensex, followed by the likes of IndusInd Bank and TCS among others.
3:35 PM
Stock Market Highlights LIVE Updates: Nifty ends below 24,350
The NSE's Nifty50 closed at 24,336, down 332.25 points or 1.35 per cent.
3:33 PM
Stock Market Highlights LIVE Updates: Sensex ends over 1,000 pts down
The BSE Sensex closed at 80,684.45, down 1064.12 points or 1.30 per cent on Tuesday.
3:17 PM
Stock market outlook 2025: PL Capital bets on these sectors amid volatility
Amid uncertainty in the Indian equities, both the National Stock Exchange (NSE) Nifty50 and BSE Sensex have declined 5.9 per cent and 4.9 per cent respectively from their record peaks.
The selling pressure accentuated in November owing to stretched valuations and weak July-September (Q2) quarter earnings, with Nifty earnings growing at their slowest pace since June 2020. Read more
3:16 PM
Stock Market LIVE Updates: Market regulator Sebi weighs easing norms for Alternative Investment Funds
India’s market regulator may relax some of the regulations governing the $53 billion alternative investment funds sector, after a series of measures aimed at curbing the industry’s erring ways seemed to have worked, a top official said.
“With the checks and balances now in place, we are in a position to consider greater product and innovation flexibility to AIFs,” Ananth Narayan, a whole-time member of the Securities and Exchange Board of India board said at an event in Mumbai on Tuesday. He did not elaborate. Read more
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First Published: Dec 17 2024 | 7:32 AM IST