Indian Stock Market Declines; Sensex Drops 451 Points Amid Foreign Outflows; Nifty Falls Over 1% in Volatile Trading
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- Stock Market Decline: Indian stock markets fell on December 30, 2024, with the Sensex dropping 451 points and the Nifty declining 168 points due to foreign fund outflows and weak global trends. Major stocks like HDFC Bank and Tata Motors faced selling pressure, while Zomato and Tech Mahindra gained. Foreign institutional investors sold equities worth Rs 1,323.29 crore, impacting market sentiment .
- Mixed Market Performance: On December 30, 2024, the BSE Sensex was trading 172 points lower and the NSE Nifty was down 52 points, with ITC and Bharti Airtel among the top gainers. The BSE Midcap and Smallcap indices also saw declines, while the rupee traded at Rs 85.47 against the US dollar. Analysts noted a slowdown in India's economic growth, with real GDP at 5.4% this quarter .
- Volatile Trading Session: On December 31, 2024, the Sensex and Nifty indices fell over 1% from their day's high, reflecting a choppy trading session characterized by mixed investor sentiment .
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