Stock Market Today Highlights: Bears rule the roost; Sensex crashes 925 points, Nifty closes above 17,800
Stock Market Highlights December 23: Equity benchmarks tumbled nearly 2 per cent on Friday in tandem with weak Asian market trends as investors sentiment remained muted in view of the COVID-19 surge in some countries. The 30-share BSE Sensex continued to remain under selling pressure for the fourth day running and slumped 980.93 points or 1.61 per cent to settle at 59,845.29. During the day, it tanked 1,060.66 points or 1.74 per cent to 59,765.56. On similar lines, the broader NSE Nifty dropped 320.55 points or 1.77 per cent to end at 17,806.80.
From the Sensex pack, Tata Steel plunged nearly 5 per cent. Other major laggards were Tata Motors, State Bank of India, Bajaj Finserv, Reliance Industries, Wipro, IndusInd Bank, Larsen & Toubro and Maruti Suzuki.
Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong ended in the red. Equity exchanges in Europe were trading in the positive territory in mid-session deals. The US markets had ended sharply lower on Thursday.
"Markets plunged sharply lower and lost about two per cent, in continuation to the prevailing corrective trend," said Ajit Mishra, VP - Technical Research, Religare Broking Ltd.
International oil benchmark Brent crude climbed 1.89 per cent to USD 82.51 per barrel. Foreign institutional investors (FIIs) turned buyers as they bought shares worth a net Rs 928.63 crore on Thursday, according to exchange data.
Stock Market Highlights December 23: Equity benchmarks tumbled nearly 2 per cent on Friday in tandem with weak Asian market trends as investors sentiment remained muted in view of the COVID-19 surge in some countries. The 30-share BSE Sensex continued to remain under selling pressure for the fourth day running and slumped 980.93 points or 1.61 per cent to settle at 59,845.29. During the day, it tanked 1,060.66 points or 1.74 per cent to 59,765.56. On similar lines, the broader NSE Nifty dropped 320.55 points or 1.77 per cent to end at 17,806.80.
From the Sensex pack, Tata Steel plunged nearly 5 per cent. Other major laggards were Tata Motors, State Bank of India, Bajaj Finserv, Reliance Industries, Wipro, IndusInd Bank, Larsen & Toubro and Maruti Suzuki.
Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong ended in the red. Equity exchanges in Europe were trading in the positive territory in mid-session deals. The US markets had ended sharply lower on Thursday.
"Markets plunged sharply lower and lost about two per cent, in continuation to the prevailing corrective trend," said Ajit Mishra, VP - Technical Research, Religare Broking Ltd.
International oil benchmark Brent crude climbed 1.89 per cent to USD 82.51 per barrel. Foreign institutional investors (FIIs) turned buyers as they bought shares worth a net Rs 928.63 crore on Thursday, according to exchange data.
Latest Updates
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Sensex has crashed 1,000 points to trade below 60,000. Nifty50 has tanked more than 300 points to give up a crucial level of 17,800. All the Nifty50 stocks and benchmark indices were trading with cuts in line with weak global market trends as investors' sentiment remained muted in view of the COVID surge in China and some other countries.
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Sensex has fallen 783.22 points or 1.29 per cent at 60043.00, and the Nifty is down by 246.30 points or 1.36 per cent at 17881.
Stock Market LIVE Updates: Top gainers and losers on BSE
Stock Market LIVE Updates: Markets in red in pre-open
Sensex slumps over 400 points and nifty is around 18,010 in the opening session. IT and metal stocks drag.
Stock Market LIVE Updates: Markets in red in pre-open
Bost BSE Sensex and NSE Nifty50 slipped more than 1 per cent each in the pre-opening session at 9:02 am.
Stock Market Live Updates: Wall Street closes sharply lower
Wall Street's major averages closed sharply lower on Thursday (December 22) with the technology-heavy Nasdaq leading declines amid investor worries that data showing a resilient economy would lead the U.S. Federal Reserve to keep hiking interest rates for longer than feared. The Dow Jones Industrial Average fell 348.99 points, or 1.05%, to 33,027.49. The S&P 500 lost 56.05 points, or 1.45%, to 3,822.39 and the Nasdaq Composite dropped 233.25 points, or 2.18%, to 10,476.12.
Stock Market LIVE Updates
Good morning readers! Equity benchmarks surrendered early gains to finish in the red for the third session on the trot on Thursday as hawkish comments from RBI and the Covid surge in China kept buying sentiment in check despite largely positive global market trends. While the 30-share BSE Sensex closed 241.02 points or 0.39 per cent lower at 60,826.22, the broader NSE Nifty dropped 71.75 points or 0.39 per cent to settle at 18,127.35.
Hello Readers! I am Raghwendra Shukla and I will keep you posted with all the latest updates on Stock Market today.