Equity benchmark indices Sensex and Nifty declined in initial trade on Wednesday (January 8, 2025) amid unabated foreign fund outflows and weak global market trends.

Investors also turned cautious ahead of the earnings season, with TCS scheduled to announce its quarterly results on Thursday (January 9, 2025).

The 30-share BSE benchmark Sensex dropped 236.42 points to 77,962.69 in early trade. The NSE Nifty declined 62.45 points to 23,645.45.

From the 30-share blue-chip pack, Zomato, Adani Ports, Titan, Tata Motors, Tech Mahindra, HDFC Bank, IndusInd Bank and Hindustan Unilever were the major laggards.

Reliance Industries, Axis Bank, Maruti and ICICI Bank were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,491.46 crore on Tuesday, according to exchange data.

In Asian markets, Seoul traded in the positive territory while Tokyo, Shanghai and Hong Kong quoted lower.

US markets ended lower on Tuesday.

Global oil benchmark Brent crude climbed 0.38 per cent to USD 77.34 a barrel.

The BSE benchmark climbed 234.12 points or 0.30 per cent to settle at 78,199.11 on Tuesday. The Nifty gained 91.85 points or 0.39 per cent to 23,707.90.

The bull statue at the Bombay Stock Exchange building, in Mumbai. File photo
| Photo Credit: PTI

Equity benchmark indices Sensex and Nifty bounced back in early trade on Tuesday (November 19, 2024) after days of downtrend on value-buying at lower levels along with buying in blue-chip stocks Reliance Industries and Tata Consultancy Services.

Firm global trends and continuous buying by domestic institutional investors also added to markets’ rebound.

The BSE benchmark Sensex jumped 591.19 points to 77,930.20 in early trade. The NSE Nifty surged 188.5 points to 23,642.30.

From the 30-share Sensex pack, Mahindra & Mahindra, Adani Ports, Tata Motors, Infosys, Tata Consultancy Services, UltraTech Cement, Tech Mahindra and Reliance Industries were the biggest gainers.

Bajaj Finserv and Kotak Mahindra Bank were the laggards.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,403.40 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth ₹2,330.56 crore, according to exchange data.

In Asian markets, Seoul, Tokyo and Hong Kong were trading higher while Shanghai quoted lower.

The US markets ended mostly higher on Monday.

Global oil benchmark Brent crude climbed 0,26 per cent to USD 73.49 a barrel.

The 30-share BSE benchmark dropped 241.30 points or 0.31 per cent to settle at 77,339.01, registering its fourth day of decline on Monday. Falling for the seventh day in a row, the Nifty dipped 78.90 points or 0.34 per cent to 23,453.80.

ICICI Bank, Bajaj Finserv, Titan, Nestle and HDFC Bank were among the gainers. File
| Photo Credit: Reuters

Snapping its record-breaking rally, benchmark BSE Sensex closed marginally down on Tuesday (September 3, 2024) due to profit-taking in metal, oil and IT shares amid weak global trends.

Halting its 10-day winning run, the 30-share BSE Sensex slipped 4.40 points or 0.01% to settle at 82,555.44 in a range-bound trade. During the day, it dropped 159.08 points or 0.19% to 82,400.76.

Broader 50-issue Nifty of NSE eked out gains of 1.15 points to close at a fresh peak of 25,279.85, taking its gaining streak to a record 14 days.

In the 10-day rally, Sensex spurted 2,135 points or 2.61%. Nifty has surged nearly 1,141 points or 4.59% in 14 straight days.

Among the 30 Sensex firms, Bajaj Finance, Infosys, Adani Ports, JSW Steel, HCL Tech, Bharti Airtel, IndusInd Bank and Tata Motors were the biggest laggards.

ICICI Bank, Bajaj Finserv, Titan, Nestle and HDFC Bank were among the gainers.

“Amid mixed global signals and the absence of significant new catalysts, aside from the anticipated Fed rate cut, which is already factored in, the domestic market took a breather. Mild caution emerged due to a recent slowdown in manufacturing activities, which indicates a slowdown in demand,” said Vinod Nair, Head of Research, Geojit Financial Services.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower.

European markets were quoting in the negative territory. The U.S. markets were closed on Monday (September 2, 2024) for the Labour Day holiday.

“Markets ended flat in a lacklustre trading session as investors exercised caution on the back of weak Asian and European cues. Also, the markets have been hitting new highs in the recent upsurge and hence investors are a bit sceptical about taking further bullish bets,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

In the broader market, the BSE smallcap gauge climbed 0.54% and midcap index went up by 0.19%.

Among the indices, utilities declined 0.77%, oil & gas (0.69%), realty (0.53%), tech (0.51%) and IT (0.31%).

Financial Services, healthcare, industrials, bankex, consumer durables and services were the winners.

Foreign Institutional Investors (FIIs) bought equities worth ₹1,735.46 crore on Monday (September 2, 2024), according to exchange data.

Global oil benchmark Brent crude declined 1.79% to USD 76.13 a barrel.

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. File photo
| Photo Credit: PTI

Benchmark equity indices declined in early trade on Tuesday (September 3, 2024) due to emergence of profit-taking after a record rally.

Weak trends from Asian peers also contributed to the tepid investors’ sentiment in the domestic equity market during the early deals.

The 30-share BSE Sensex declined 78.28 points to 82,481.56 in early trade. The NSE Nifty dipped 23.6 points to 25,255.10.

Among the 30 Sensex firms, Bajaj Finance, Bajaj Finserv, Infosys, ICICI Bank, Tech Mahindra and Titan were the biggest laggards.

ITC, Sun Pharma, Hindustan Unilever and Nestle were among the gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.

The US markets were closed on Monday for the Labour Day holiday.

Foreign Institutional Investors (FIIs) bought equities worth Rs 1,735.46 crore on Monday, according to exchange data.

Global oil benchmark Brent crude declined 0.40 per cent to USD 77.21 a barrel.

Surging for the 10th straight session on Monday, the BSE benchmark jumped 194.07 points or 0.24 per cent to settle at an all-time closing high of 82,559.84. During the day, it surged 359.51 points or 0.43 per cent to reach a new intra-day record peak of 82,725.28.

The Nifty climbed 42.80 points or 0.17 per cent to settle at a lifetime closing high of 25,278.70, taking its winning run to the 13th day in a row. During the day, it soared 97.75 points or 0.38 per cent to hit a fresh all-time intra-day peak of 25,333.65.

In a 13-day gaining streak since August 14, the Nifty has rallied 4.72 per cent or nearly 1,140 points. The BSE benchmark has jumped 2.65 per cent or 2,135.16 points in its 10 straight days of gains.