MUMBAI: Markets now await the onset of the annual Santa Claus rally, when stocks tend to rise during the Christmas-New Year holiday season.
While reducing the US policy rate by 25 basis points, the Fed signaled it may reduce rates twice in 2025 instead of four times as projected earlier. The Nifty and Sensex fell in line with global peers as foreign investors dumped domestic bluechip stocks. The cut in Fed's rate forecast strengthened the dollar, dragging the rupee below 85 per dollar to a new low.
The Nifty closed below 24,000, settling 1.02% lower at 23951.70, while the Sensex closed below 80,000, shedding 1.2% to 79218.05. The day saw intense selling in banks, technology, and oil and gas, heavyweight sectors where foreign portfolio investors (FPIs) have a sizeable presence.
This story is from the December 20, 2024 edition of Hindustan Times Chandigarh.
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This story is from the December 20, 2024 edition of Hindustan Times Chandigarh.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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10 MC WARDS SETTLED WITH MARGINS OF LESS THAN 100 VOTES
WHAT THEY SAY There were issues with voter lists and many names were missing. This hit the voter turnout significantly. SANJAY TALWAR, Congress dist chief We did not get the updated voter list. AAP and their admn had access to it... only 47% polling was recorded. RAJNISH DHIMAN, BJP dist chief
10 MC WARDS SETTLED WITH MARGINS OF LESS THAN 100 VOTES
WHAT THEY SAY There were issues with voter lists and many names were missing. This hit the voter turnout significantly. ANJAY TALWAR, Congress dist chief RAJNISH DHIMAN, BJP dist chief
10 MC WARDS SETTLED WITH MARGINS OF LESS THAN 100 VOTES
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