Share Market Today: Sensex Falls Nearly 1,200 Points

Share Market Today: India’s benchmark indices, Sensex and Nifty 50, settled down in red on Friday, December 20, 2024. The Sensex (index with top 30 firms) tumbled by massive, 1176.46 points to settle at 78,041.59 level. Nifty50 (index with top 50 firms) declined by 364.20 points to settle at 23,587.50 points. This decline comes a day after the US Federal Reserve announced its decision to cut its benchmark interest rate by 0.25% to a range of 4.25-4.50%.

Sensex and Nifty 50, settled down in red on Thursday as well. The Sensex tumbled by 964.15 points to settle at 79,218.05 level. Furthermore, Nifty50 (index with top 50 firms) declined by 247.15 points to settle at 23,951.70 points.

Experts had earlier predicted that Indian stock markets (Sensex and Nifty) trade lower today, affecting by global cues after the US Fed’s rate cut. Meanwhile, Asian markets too fell during the trade.

The Indian stock market’s focus will now shift to the GST Council Meeting. The meeting is scheduled to be held tomorrow, December 21 in the leadership of Union Finance Minister Nirmala Sitharaman.

ALSO READ: GST Council Meeting: Life Insurance, Shoes, And Watches – Rate Changes Ahead? Check Expectations

Share Market Today: Stocks In Focus

Based on BSE data, here’s a snapshot of how key stocks performed in Friday’s trading session.

On Friday, 28 of 30 Sensex constituents ended in the red, while only 2 closed in the green territory.

ALSO READ: FM Says Rs 14,000 Crore Repaid To Banks From Vijay Mallya’s Assets Sale – Check His Reaction