Sensex, Nifty decline in early trade on New Year’s eve, dragged down by IT stocks | Market updates

At 9:30am, the benchmark BSE Sensex was down by a huge 401.40 points or 0.51%, reaching 77,846.73.

Meanwhile, the broader NSE Nifty was down by 106.35 points or 0.45%, reaching 23,538.55.

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Which stocks fell the most?

Among the 30 Sensex stocks, Tech Mahindra Ltd, fell the most by 2.27%, trading at ₹1,707. This was followed by Infosys Ltd, which was down 1.85%, trading at ₹1,870.35 and Zomato Ltd, which fell by 1.73%, trading at ₹278.

Only 4 out of the 30 Sensex stocks were in the green. This included Kotak Mahindra Bank (Up by 1.23%, trading at ₹1,764.35), SBI (Up by 0.63%, trading at ₹793.30), Tata Motors (Up by 0.23%, trading at ₹735.45), and Tata Steel (Flat at 0.00%, trading at ₹136.90).

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Which sectors fell the most?

Among the Nifty Sectoral Indices, Nifty IT fell the most by 1.78%, reaching 43,187.75. This was followed by Nifty Midsmall IT & Telecom, which was down by 1.51%, reaching 11,035.15, and Nifty Financial Services Ex-Bank, which was down 1.06%, reaching 25,068.35.

Auto stocks didn’t fall as much today as it did yesterday, with Nifty Auto being down 0.08%, reaching 22,750.70. Similarly, Nifty Bank was down 0.36%, reaching 50,769.05.

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How did stock market perform yesterday?

The stock market experienced a crash yesterday on Monday, December 30, 2024.

The Sensex closed at 78,248.13, which was a fall of 450.94 points or 0.57%, while the Nifty closed at 23,644.90, which was a fall of 168.50 points or 0.71%.

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