MUMBAI: The Nifty and Sensex closed 1.9% and 1.8% higher at 24,188.65 and 79,943.71 respectively, on a day that saw relatively lower volumes and the debut of new rules on options contracts. The Nifty broke through the 200-day moving average after several failed attempts in recent sessions, signaling a possible bounce-back. Investor wealth rose by ₹6 lakh crore.
Despite election-related uncertainties in India and the US, plus a selling spree by foreign investors, the Nifty and Sensex managed to close 2024 with gains of 8.8% and 8.1%; however, the much-awaited Santa Claus rally did not materialize in December, leaving investors waiting for a New Year surprise.
This story is from the January 03, 2025 edition of Hindustan Times Navi Mumbai.
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This story is from the January 03, 2025 edition of Hindustan Times Navi Mumbai.
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