Investors go on Christmas and New Year holidays! Sensex falls by 1100 points

Stock Market Mayhem: Due to sharp selling in the stock market, Sensex has fallen by more than 1100 points. Nifty of National Stock Exchange is also trading with a decline of 310 points. This decline in the market has occurred due to sharp selling in banking, IT and auto stocks. Nifty Bank is trading with a decline of 700 points. All the 12 stocks included in Nifty Bank are trading with a decline. Due to this fall in the market, investors have suffered a loss of Rs 3.50 lakh crore.

rising and falling shares

4045 shares are being traded on BSE, out of which 1695 shares are trading with a rise and a decline is seen in 2244 shares. Upper circuit has been imposed in 350 shares while lower circuit has been imposed in 199 shares. Out of 30 Sensex stocks, 28 stocks are trading with a decline while only 2 stocks are with a rise. Declining stocks included Bharti Airtel 3.09 per cent, TCS 2.20 per cent, JSW Steel 2.05 per cent, IndusInd Bank 1.93 per cent, L&T 1.72 per cent, UltraTech Cement 1.72 per cent, Nestle 1.78 per cent, Bajaj Finserv 1.89 per cent, Reliance 1.67 per cent. Doing business. While ITC is trading with a rise of 0.68 percent and Adani Ports is trading with a rise of 0.06 percent.

Why did the Indian stock market fall?

An important meeting of the US Federal Reserve is going to be held from today and on December 18, 2024, the Fed will announce the decisions taken in the meeting. From this meeting, relief from reduction in interest rates in the year 2025 will be known. Central banks around the world will have their eyes on the Federal Reserve meeting. The market is also disappointed with the slowdown in China’s economy, especially where there has been a continuous decline in consumption. The dollar is strong and the rupee is weakening. Rupee has fallen to record low level. Also, India’s trade deficit has reached a record high due to which a decline is being seen in the market.

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