Stock market closes in red; Sensex drops 450 points, nifty ends below 23,650

Mumbai (Maharashtra) [India], December 30 (ANI): The stock market began the week on a sombre note, closing in the negative territory on Monday amid selling pressure in heavyweight stocks.

The benchmark Sensex declined by 450.94 points, or 0.57 per cent, to settle at 78,248.13, while the Nifty plunged 168.50 points, or 0.71 per cent, to close at 23,644.90.

Among Nifty companies, only 11 stocks advanced while 38 ended in th