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All You Need To Know Going Into Trade On Dec. 30

GenevaTimes by GenevaTimes
December 30, 2024
in Business
Reading Time: 1 min read
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All You Need To Know Going Into Trade On Dec. 30
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All the three main US stock market indices closed in the red on the last day of shortened Christmas week trading.

The tech-heavy Nasdaq Composite declined 1.49% to trade at 19,722.03 and the broader index, S&P 500, fell as much as 1.11% to 5,970.84.

The 30-stock Dow Jones Industrial Average dropped 0.77% to 42,992.21.

Brent crude closed 1.24% higher at $74.17 a barrel on Friday. The Bloomberg spot gold was 0.46% lower at $2,621.40 an ounce.

The NSE Nifty 50 and BSE Sensex ended Friday’s session higher recouping weekly losses. The Nifty 50 ended with gains for second day in a row. The benchmark indices recouped weekly losses. The Nifty 50 ended 63.20 points or 0.27% higher at 23,813.40, and the Sensex ended 226.59 points or 0.29% higher at 78,699.07.

Overseas investors stayed net sellers for the ninth consecutive session and offloaded stocks worth Rs 1,323.29 crore on Friday, while domestic institutional investors stayed net buyers for the eighth straight session and bought stocks worth approximately Rs 2,544.64 crore, according to provisional data from the National Stock Exchange.

The Indian rupee weakened sharply on Friday, hitting a fresh record closing low of 85.54 against the US dollar.

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