Sensex, Nifty settle almost flat in highly volatile trade; metal, power stocks drag

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Representational image of the Bombay Stock Exchange (BSE) building
| Photo Credit: Reuters

Benchmark equity indices Sensex and Nifty ended on a flat note in a volatile trade on Tuesday (December 24, 2024), as investors preferred to stay on the sidelines awaiting further triggers amid persistent foreign fund outflows.

After gyrating between highs and lows, the 30-share index declined 67.30 points or 0.09% to settle at 78,472.87. During the day, it dropped 142.38 points or 0.18% to 78,397.79.

The NSE Nifty dipped 25.80 points or 0.11% to 23,727.65.

From the 30 blue-chip stocks, Power Grid, State Bank of India, Titan, Tata Steel, IndusInd Bank, UltraTech Cement, Adani Ports and Infosys were among the laggards.

In contrast, Tata Motors, ITC, Nestle, Tata Consultancy Services, NTPC and Zomato were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth โ‚น168.71 crore on Monday, according to exchange data.

In Asian markets, Shanghai and Hong Kong settled higher, while Seoul and Tokyo ended in the negative territory.

European markets were trading with gains in mid session deals. Wall Street ended in the positive zone overnight trade on Monday.

Global oil benchmark Brent crude climbed 0.62% to $73.08 a barrel.

The BSE benchmark jumped 498.58 points or 0.64% to settle at 78,540.17 on Monday. The Nifty surged 165.95 points or 0.70% to 23,753.45.



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