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Stock Market Updates: Sensex Drops 351 Points, Nifty Slips 101 Points in Early Trade

  • The S&P BSE Sensex dropped by 348.55 points to close at 81,748.57, while the NSE Nifty50 lost 100.05 points to end at 24,668.25.
  • Benchmark stock market indices closed lower on Monday, dragged by a decline in IT, metal, and FMCG sector stocks as bearish sentiment continued on Dalal Street.
  • Vinod Nair, head of research at Geojit Financial Services, mentioned that the national market traded in a range-bound manner while the realty sector outperformed in expectation of growing demand.
  • Rising US 10-year bond yields and a strengthening dollar led investors to remain watchful of the upcoming US Fed policy and its commentary for 2025 rates.
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