Sensex Crash: Top Gainers and Losers; US Federal Reserve’s Rate Cut Triggers Market Sell-Off

On December 19, 2024, the Indian stock market experienced a considerable downturn, with major indices showing a broad decline.

The overall sentiment was bearish, with most stocks closing in the red. The Sensex slumped over 900 points, while the Nifty fell below the 24,000 mark.

This decline was influenced by the US Federal Reserve’s decision to cut interest rates by 25 basis points, which was below market expectations.

Major sectors were affected, with key contributors to the decline including HDFC Bank, Infosys, ICICI Bank, Reliance Industries, SBI, and HCL Tech.

Top Gainers

• POWERGRID: Closed at 323.15, up by 0.50%
• SUNPHARMA: Closed at 1802.00, up by 0.09%

Major Decliners

Several stocks saw significant declines. Notable among them were:

• ASIANPAINT: Closed at 2281.05, down by 2.76%
• BAJFINANCE: Closed at 6920.70, down by 2.15%
• JSWSTEEL: Closed at 926.95, down by 2.12%
• BAJAJFINSV: Closed at 1597.05, down by 2.06%
• INFY: Closed at 1941.50, down by 1.89%

Sector Performance

The banking sector faced a tough day with ICICIBANK closing at 1292.45, down by 1.61%, and AXISBANK at 1108.00, down by 1.29%. The technology sector also saw declines with HCLTECH at 1936.70, down by 1.15%, and TECHM at 1755.90, down by 1.26%.

Stock Prices and Percentage Changes

• POWERGRID: 323.15 (+0.50%)
• SUNPHARMA: 1802.00 (+0.09%)
• MARUTI: 10993.00 (-0.12%)
• BHARTIARTL: 1599.55 (-0.12%)
• HINDUNILVR: 2346.85 (-0.45%)
• TATAMOTORS: 751.60 (-0.54%)
• ADANIPORTS: 1203.35 (-0.55%)
• NTPC: 339.90 (-0.60%)
• INDUSINDBK: 959.15 (-0.69%)
• ITC: 467.15 (-0.74%)
• TCS: 4314.05 (-0.79%)
• TITAN: 3373.10 (-0.83%)
• SBIN: 832.10 (-0.83%)
• HCLTECH: 1936.70 (-1.15%)
• ULTRACEMCO: 11622.50 (-1.20%)
• RELIANCE: 1238.00 (-1.20%)
• HDFCBANK: 1789.25 (-1.21%)
• TATASTEEL: 142.70 (-1.25%)
• TECHM: 1755.90 (-1.26%)
• AXISBANK: 1108.00 (-1.29%)
• LT: 3705.90 (-1.38%)
• M&M: 3006.25 (-1.49%)
• KOTAKBANK: 1753.00 (-1.52%)
• NESTLEIND: 2154.35 (-1.54%)
• ICICIBANK: 1292.45 (-1.61%)
• INFY: 1941.50 (-1.89%)
• BAJAJFINSV: 1597.05 (-2.06%)
• JSWSTEEL: 926.95 (-2.12%)
• BAJFINANCE: 6920.70 (-2.15%)
• ASIANPAINT: 2281.05 (-2.76%)

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