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.
Esta historia es de la edición December 20, 2024 de Hindustan Times Punjab.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 20, 2024 de Hindustan Times Punjab.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
'Have high hopes for my films releasing in 2025'
ctor and son of actor Aamir Khan, Junaid Khan has had a packed year. He didn't just make his OTT debut with Maharaj in 2024, he also had his hands full shooting two films and doing plays.
S Korea to Inspect All Boeing 737s Amid Hunt for Answers
During its second landing attempt, the Jeju Air jet received a bird strike warning from ground control. Minutes later, pilot issued distress signal
Carter: President, global mediator, Nobel laureate
Jimmy Carter held a unique place in US politics: he was the oldest former president and a Nobel peace laureate, but his one term in office was forever tainted by his inability to end the 1979 Iran hostage crisis.
Market Regulator Brakes Slow Retail Race on Options Street
The Securities and Exchange Board of India's (Sebi) recent measures to cool the retail frenzy in derivatives trading are already bearing fruit, even as more curbs aimed at preventing investor losses kick in next month.
Adani to Raise Over $2 Billion in Exit From Adani Wilmar
OUT OF 43.94% STAKE, AEL WILL SELL 31.06% TO WILMAR INTERNATIONAL, AND THE REST TO PUBLIC
Start to finish, golden year for Indian chess
In a year when India's cricket team lifted the T20 World Cup after 17 years, sparking a reception in Mumbai befitting the occasion, and shooter Manu Bhaker brought back unprecedented twin bronze medals from the Paris Olympics, chess quietly emerged as the sport that consistently perched the country on top of the world.
Liberalisation & liberalism: Legacy of Manmohan Singh
The unexpected eruption of nostalgia and admiration for Manmohan Singh from people across the country is testimony to what he stood for.
The Choice Before Us: Star Trek or Mad Max
The world is at a crossroads. If we channel resources to ensure equality, manage risks, and enhance autonomy, we can navigate toward a future where technology is a force for good
Preparing for the Trump disruption
India has the diplomatic wherewithal to deal with Trump 2.0 even as issues such as H-1B visa and trade will test ties from time to time
Why Indians Don't Have One Happy New Year
Around midnight of December 31, when several people in India will sit before their television sets (the rest will be busy at parties), they will invariably be greeted with visuals of places in New Zealand, Australia, Japan and Korea that have already celebrated \"Happy New Year\", with skylines flaring up in panoramic colours and revellers rocking in sheer joy.
