BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday, the last trading day of 2024. While BSE Sensex was below 77,900, Nifty50 was just above 23,550.

The BSE Sensex fell 687.34 points to hit a low of 77,560.79. Nifty tested the sub-23,500 level and was later trading at 23,460.45, down 116.55 points or 0.49 per cent.

The year 2024 was a mixed bag for the markets. The Sensex recorded a gain of 8.12 per cent year-to-date, while the Nifty 50 appreciated by 8.75 per cent. Both indices touched their all-time highs in September 2024, with the Sensex reaching 85,978.35 points and the Nifty hitting 26,277.35.

The BSE Sensex fell by nearly 451 points on Monday, primarily due to selling pressure in major stocks like HDFC Bank, ICICI Bank a

Investor wealth, as suggested by the BSE m-cap, fell Rs 2.66 lakh crore to Rs 438.69 lakh crore compared with a valuation of Rs 441.35 lakh crore recorded in the previous session. Frontline stocks such as Infosys, Tata Consultancy Services ( TCS ), ICICI Bank, HDFC Bank, Zomato, Tech Mahindra and HCLTechnologies contributed to the drop today.

This comes after the stock market experienced a crash during the later trading hours of the previous day's session.

Indian equity indices Sensex and Nifty50 opened lower for the second consecutive session on Tuesday, mainly due to declines in IT stocks. The Sensex and Nifty50 saw notable drops, dragged by significant losses in major IT companies,