SENSEX slides 109 pts in final session, ends 2024 with over 8% gains

Benchmark indices SENSEX and NIFTY ended lower in the final session of 2024 on Tuesday amid persistent foreign fund outflows and weak trends in the global markets.

Falling for the second straight day, the 30-share BSE benchmark SENSEX declined 109.12 points or 0.14% to settle at 78,139.01. Intra-day, it tanked 687.34 points or 0.87% to 77,560.79.

The NIFTY50 dipped marginally by 0.10 points to settle at 23,644.80.

In the entire 2024, the SENSEX jumped 5,898.75 points or 8.16%, and the Nifty surged 1,913.4 points or 8.80%.

The BSE benchmark SENSEX hit its record peak of 85,978.25 on September 27 this year, and the NSE Nifty also reached the lifetime high of 26,277.35 on the same day.

From the 30 blue-chip pack, Tech Mahindra, Zomato, Tata Consultancy Services, Infosys, ICICI Bank, Bajaj Finance, Hindustan Unilever and HCL Technologies were the major laggards on Tuesday.

Kotak Mahindra Bank, ITC, UltraTech Cement and Tata Motors were among the gainers.

The BSE smallcap gauge climbed 0.71% and the midcap index went up by 0.13%.

Among sectoral indices, BSE Focused IT declined 1.47%, IT (1.29%), teck (1.02%), realty (0.36%) and financial services (0.29%).

Capital Goods jumped 1.31%, industrials (1.14%), energy (1%), metal (0.85%) and power (0.47%).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,893.16 crore on Monday, according to exchange data.

In Asian markets, and Shanghai settled lower while Hong Kong ended in the positive territory. Markets were closed in Tokyo and Seoul for New Year holidays.

European markets were trading mostly higher. US markets ended lower on Monday.

Global oil benchmark Brent crude climbed 0.46% to $74.34 a barrel.

The 30-share BSE benchmark tumbled 450.94 points or 0.57% to settle at 78,248.13 on Monday. The NIFTY declined 168.50 points or 0.71% to 23,644.90.