Stock markets decline amid unabated foreign fund outflows, weak global trends

From the 30 sensex pack, Tata Motors, Titan, Tata Steel, State Bank of India, Mahindra & Mahindra, NTPC, ICICI Bank, Maruti, HDFC Bank and Infosys were among the biggest laggards. File
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Benchmark Sensex dropped by nearly 451 points on Monday (December 30, 2024) amid unabated foreign fund outflows, weak trends in the global markets and selling in bluechip stocks.

In a day marked with volatility, the 30-share BSE benchmark Sensex tumbled 450.94 points or 0.57% to settle at 78,248.13. During the day, it tanked 621.94 points or 0.79% to 78,077.13. The NSE Nifty declined 168.50 points or 0.71% to 23,644.90.

From the 30 sensex pack, Tata Motors, Titan, Tata Steel, State Bank of India, Mahindra & Mahindra, NTPC, ICICI Bank, Maruti, HDFC Bank and Infosys were among the biggest laggards. Zomato, Tech Mahindra, HCL Tech and IndusInd Bank were among the gainers.

Foreign institutional investors (FIIs) offloaded equities worth ₹1,323.29 crore on Friday (December 27, 2024) according to exchange data.

In Asian markets, Seoul, Tokyo and Hong Kong settled lower while Shanghai ended higher. European markets were trading lower. The U.S. markets ended in the negative territory on Friday (December 27, 2024.) Global oil benchmark Brent crude dipped 0.05% to $74.13 a barrel.

The BSE benchmark gained 226.59 points or 0.29% to settle at 78,699.07 on Friday (December 27, 2024.) The Nifty rose by 63.20 points or 0.27% to 23,813.40.