Share Market Highlights: Sensex drops over 1,000 points; Nifty sinks below 24,350 on global cues

Sensex, Nifty updates on 17 December 2024: Indian equity benchmarks Sensex and Nifty witnessed a sharp decline on Tuesday, with both indices slumping over 1% amid a global selloff and investor caution ahead of the US Federal Reserve’s interest rate decision. The BSE Sensex dropped 1,064.12 points (1.30%) to close at 80,684.45, while the NSE Nifty fell 332.25 points (1.35%) to 24,336. All 30 Sensex constituents ended in the red, with major losers including Bharti Airtel, Reliance Industries, HDFC Bank, and TCS. Global cues remained weak as Asian markets closed lower and European markets traded in negative territory. Investors braced for key policy updates from the Fed, BoJ, and BoE, with concerns over hawkish signals. Adding to market woes, the rupee hit an all-time low, while India’s trade deficit reached a record high. Foreign Institutional Investors (FIIs) sold equities worth ₹278.70 crore. Meanwhile, Brent crude prices dropped 0.50% to $73.58 a barrel.