New Delhi: Stock Market Opening: The last trading day of the Indian stock market before the arrival of the New Year started with a decline. Today i.e. on December 31, the Sensex opened at 77,982.57 with a fall of 265.56 points (0.34%), while the Nifty opened at 23,560.60, down 84.30 points (0.36%).
Hopes of a rally in the Indian stock markets at the end of 2024 were dashed. Selling pressure seemed to dominate the market. At 10:09 am, BSE Sensex was trading at 77,621.26, down by 626.88 points (0.80%). At the same time, a decline of 160.75 points (0.68%) was recorded in Nifty 50 and it was trading at the level of 23,484.15.
In early trade, BSE Sensex was trading at 77,814.07 with a fall of 434.06 points (0.55%), while Nifty 50 fell by 98.70 points (0.42%) and was at the level of 23,546.20.
This decline was seen in the market due to weak signals from the global market and selling pressure in major sectors. The mood of investors seems to be cautious in early trading. Investors are adopting a cautious approach, due to which the trading volume is also low.
Among the 30 Sensex listed companies, shares of Tech Mahindra, Tata Consultancy Services, Infosys, HCL Technologies, Zomato, IndusInd Bank, Bajaj Finance and ICICI Bank fell the most. Shares of Kotak Mahindra Bank, State Bank of India, Tata Motors and Tata Steel registered gains.
According to stock market data, foreign institutional investors (FIIs) were sellers on Monday and sold shares worth a net Rs 1,893.16 crore.