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December 18, 2024 5:43 PM

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Benchmark domestic equity indices end with losses of over half percent

Benchmark domestic equity indices today continued their downward trend, ending with losses of over half a percent. Also, the investors remained cautious ahead of the Federal Reserve’s final monetary policy decision of the year. The 30-share index at the Bombay Stock Exchange, Sensex, fell 502 points to close at 80,182. Similarly, the National Stock Exchange Nifty-50 lost 137 points to end at 24,199.

 

The broader market indices at BSE also logged losses. The Mid-Cap index shed around 0.6 percent, and the Small-Cap index lost over 0.7 percent.

 

In the Sensex index, 22 out of 30 companies ended lower. In the top laggards, Tata Motors slumped over three percent, PowerGrid lost over two and a half percent, and NTPC dropped more than two percent. Conversely, among the top gainers, Reliance and SunPharma, both gained over 0.6 percent each, TCS added over half percent, and Tech Mahindra rose half percent.

 

In sectoral Indices at the BSE, 17 out of 20 sectors ended in negative territory. In the top laggards, Utilities dipped over two percent, Power shed over 1.7 percent and Capital Goods lost over one and half percent. Meanwhile, among the top gainers, Healthcare gained over half percent, Focused IT rose over 0.2 percent, and Information Technology was slightly up by 0.1 percent.

 

The overall market breadth at the BSE was negative as shares of 1,442 companies advanced and 2,563 declined while 94 remained unchanged. At the National Stock Exchange, 94 companies hit their 52 week high while 34 hit their 52 week low.