Sensex Tumbles Over 500 Points: IT Sector Takes a Hit
The Indian stock market had a rough opening on December 31, 2024, with the BSE Sensex plunging over 500 points and Nifty slipping below 23,550. Tech Mahindra and Infosys were among the top losers weighing on the Nifty 50. In contrast, ONGC and Bharat Electronics Ltd saw gains, offering some relief. The slide in Indian markets mirrored declines in the US and Asian markets, hinting at broader global economic pressures. Zomato led losses on the BSE Sensex with a 2.17% drop. While the IT and Realty sectors were in the red, sectors like Pharma, PSU Bank, Metal, Healthcare, and Oil & Gas stood out with positive performance.
Jan 3