Mumbai:
Domestic stock markets closed with a decline on Tuesday, the last trading day of the year 2024, amid continued withdrawal of foreign institutional investors and weak signals from global markets. Sensex fell by 109 points while Nifty remained almost stable.

BSE’s benchmark index Sensex based on 30 shares fell 109.12 points or 0.14 percent to close at 78,139.01 in volatile trading. At one time during trading it had fallen by 687.34 points to 77,560.79.

However, the standard index of National Stock Exchange (NSE) Nifty managed to recover to a great extent from the initial fall and finally closed at 23,644.80 with a slight fall of 0.10 points.

In this way, the year 2024 ended with a decline in the domestic market. However, this year the Sensex has gained a total of 5,898.75 points or 8.16 percent while the Nifty has gained 1,913.4 points or 8.80 percent.

Sensex had touched its record peak of 85,978.25 on September 27 this year. Nifty also reached its highest ever level of 26,277.35 that day. However, after that both the indices continued to fluctuate.

During trading on Tuesday, among the companies included in the Sensex group, Tech Mahindra, Zomato, Tata Consultancy Services, Infosys, ICICI Bank, Bajaj Finance, Hindustan Unilever and HCL Technologies declined.

On the other hand, shares of Kotak Mahindra Bank, ITC, UltraTech Cement and Tata Motors closed with gains. According to stock market data, foreign institutional investors (FIIs) made a net sale of shares worth Rs 1,893.16 crore on Monday.

In other markets of Asia, China’s Shanghai Composite declined while Hong Kong’s Hang Seng closed with gains. Whereas the markets of Japan and South Korea remained closed due to New Year holidays. Most of the European markets closed sharply. American stock markets closed with a decline on Monday.

Global oil standard Brent crude rose 0.46 percent to $ 74.34 per barrel. On Monday, BSE Sensex fell 450.94 points to 78,248.13 and NSE Nifty closed at 23,644.90 with a loss of 168.50 points.

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