Stock Market Opening On 19 December 2024: The Indian stock market opened with a huge fall on Thursday. As soon as the market opened, BSE Sensex fell by 1000 points. A decline of 300 points has also been seen in the Nifty of the National Stock Exchange. Due to the US Central Bank Federal Reserve reducing the number of interest rate cuts in the year 2025, there was a sharp decline in the stock market there, which has also affected the Indian markets. Sensex again slipped below the 80000 mark and is trading at 79,237 with a fall of 946 points and Nifty is trading at 23,907 points with a fall of 291 points.
Strong decline in IT shares
Of the 30 Sensex stocks, 28 are trading with decline and only 2 with rise. Out of 50 shares of Nifty, 47 are trading with decline and only 3 shares are trading with gain. Among the falling stocks, Infosys is trading with a fall of 2.49 percent, SBI 2.14 percent, HCL Tech 1.93 percent, Tech Mahindra 1.85 percent, Bajaj Finserv 1.67 percent, Tata Steel 2.01 percent. Only shares of HUL and ITC are trading rapidly. A total of 3306 shares are trading on BSE, out of which 841 shares are trading with a rise while 2354 shares are in decline. A total of 3306 shares are trading on BSE, out of which 841 shares are trading with a rise while 2354 shares are in decline.
Due to the fall in the stock market, investors have suffered a loss of more than Rs 3 lakh crore in the morning. The market cap of stocks listed on BSE has come down to Rs 449.34 lakh crore which was Rs 452.60 lakh crore in the last session. That means investors have suffered a loss of Rs 3.26 lakh crore in today’s trade.
condition of sectors
In today’s trading, there is a decline in the shares of Banking, Auto, IT, FMCG, Metals, Energy, Oil and Gas, Consumer Durables sectors, while only Pharma and Healthcare stocks are rising. Selling is being seen in midcap and smallcap shares in today’s trade.
Why did the Indian market fall?
The US Federal Reserve has only talked about rate cuts in 2025, due to which the markets around the world including the US are disappointed. Therefore there has been selling in Indian markets also. Due to his decision, the rupee has weakened against the dollar and has crossed the level of 85 for the first time and fallen to the level of 85.07 with a weakness of 11 paise.
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