Sensex plunges 1,100 points from the day's high as post-Fed jitters grip the market; banking and IT sectors lead the decline. -

Sensex plunges 1,100 points from the day’s high as post-Fed jitters grip the market; banking and IT sectors lead the decline.

December 22, 2024December 20, 2024 by Pintu Malakar

In a highly volatile session on December 20, benchmark indices Nifty and Sensex extended their losing streak to a fifth consecutive day, trading in the red as IT and realty stocks weighed on market sentiment. Despite Accenture’s better-than-expected Q1 earnings in the US, technology stocks saw sharp declines. However, metal and oil & gas stocks provided some support by bucking the overall trend. At 1:25 PM, the Sensex had fallen 758.02 points (0.96%) to 78,460.03, while the Nifty was down 213 points (0.91%) at 23,733.6. Market breadth showed 1,130 stocks advancing, 2,297 declining, and 98 remaining unchanged.