According to exchange data, FIIs offloaded equities worth ₹2,758.49 crore on Friday (January 24, 2025). File photo
| Photo Credit: PTI

Equity benchmark indices, Sensex and Nifty, declined in early trade on Monday (January 27, 2025), dragged down by losses in Telecom and Industrials stocks amid muted global market trends.

Also, the continuous foreign fund outflows added to the markets’ decline.

The 30-share BSE benchmark Sensex declined 343 points or 0.45% to 75,847.46 in early trade. The NSE Nifty dropped 108.95 points or 0.47% to 22,983.25.

From the 30-share Sensex pack, Zomato, HCL Technologies, PowerGrid, Tata Motors, Adani Ports, Reliance Industries, IndusInd Bank, Infosys, Tata Consultancy Services and HDFC Bank were the major laggards.

In Contrast, ICICI Bank, Hindustan Unilever, Larsen & Toubro, Nestle India, State Bank of India, ITC and Asian Paints were the gainers.

“This 6-day week is likely to be highly volatile with other major events like the Fed decision and the Budget in India. The market is looking forward to fiscal stimulus through income tax cuts in the Budget. If the expectations are met, there can be a relief rally in the market. But if a rally is to sustain, we need data indicating growth and earnings revival,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

In Asian markets, Shanghai and Hong Kong were trading in the green, while Seoul was quoting flat, and Tokyo was trading in the red territory.

U.S. markets ended lower on Friday (January 24, 2025).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,758.49 crore on Friday (January 24, 2025), according to exchange data.

Global oil benchmark Brent crude slipped 0.61% to $78.02 a barrel.

On Friday (January 24, 2025), the 30-share BSE benchmark dropped 329.92 points to settle at 76,190.46. The Nifty declined 113.15 points to close at 23,092.20.

Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards. File
| Photo Credit: PTI

Benchmark Sensex spurted by 454 points and Nifty closed above 23,300 on Monday (January 20, 2025) following gains in banking stocks, mainly Kotak Mahindra Bank, and firm global trends.

The 30-share BSE Sensex jumped 454.11 points or 0.59% to settle at 77,073.44. Intra-day, it surged 699.61 points or 0.91% to 77,318.94.

The NSE Nifty climbed 141.55 points or 0.61% to 23,344.75 with 29 of its constituents ending higher.

Among Sensex shares, Kotak Mahindra Bank jumped over 9% after the firm posted a 10% growth in its consolidated net profit at ₹4,701 crore, aided by the performance of capital markets-linked arms.

Bajaj Finance, Bajaj Finserv, NTPC, State Bank of India, Power Grid, HDFC Bank, Tech Mahindra and Asian Paints were the other gainers.

However, Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards.

In Asian markets, Tokyo, Shanghai and Hong Kong settled in the positive territory while Seoul ended lower. Markets in Europe were trading higher. U.S. markets ended in the green on Friday (January 17, 2025).

“A strong positive sentiment from Asian markets bolstered domestic markets, starting the week on a healthy note. Further, a robust initial set of earnings from the banking and financial sectors triggered a broad-based rally, driven by the likelihood of improved earnings in the near future.”

“However, uncertainties surrounding Donald Trump’s policies continue to linger, with investors eagerly waiting for more clarity,” Vinod Nair, Head of Research, Geojit Financial Services, said.

Global oil benchmark Brent crude dipped 0.36% to $80.50 a barrel.

Foreign institutional investors (FIIs) offloaded equities worth ₹3,318.06 crore on Friday (January 17, 2025), according to exchange data.

The BSE benchmark declined 423.49 points or 0.55% to settle at 76,619.33 on Friday (January 17, 2025). The Nifty dropped 108.60 points or 0.47% to 23,203.20.

Image used for representational purpose.
| Photo Credit: Reuters

Benchmark indices Sensex and Nifty bounced back on Tuesday (January 14, 2025) after four days of sharp decline on easing retail inflation and a rebound in global markets.

The 30-share BSE benchmark Sensex rose 169.62 points or 0.22% to settle at 76,499.63. During the day, it surged 505.6 points or 0.66% to 76,835.61.

The NSE Nifty climbed 90.10 points or 0.39% to 23,176.05.

Persistent selling foreign investors and rising global crude prices put pressure on indices and restricted gains, traders said.

The BSE Sensex has plunged 1,869.1 points or 2.39% in the past four trading sessions.

From the 30-share blue-chip pack, Adani Ports jumped over 5%. NTPC, Tata Steel, Bajaj Finserv, Zomato, Bajaj Finance, Tata Motors, State Bank of India, IndusInd Bank and Maruti were among the other big gainers.

From the 30-share pack, Hindustan Unilever, Titan, Tata Consultancy Services, Infosys and UltraTech Cement were the other laggards.

HCL Technologies slumped over 8 per cent after its December quarter earnings failed to cheer investors.

IT company HCL Tech on Monday reported a 5.54% uptick in consolidated net profit to ₹4,591 crore in the December quarter as the CEO expressed optimism for improvement in the demand environment and discretionary spending and raised the revenue growth guidance.

Retail inflation declined to a four-month low of 5.22% in December, mainly on account of easing of prices in the food basket, including vegetables – according to government data released on Monday – giving headroom to the Reserve Bank to reduce the key interest rate in upcoming monetary policy reviews.

“A rebound in the global market and an ease in domestic CPI inflation provided respite to the broader indices. This may provide some leeway for RBI in its next policy meeting; however, rising oil prices and higher 10-year yields will be watched carefully.

“The IT sector weighed down amid concerns over weak earnings guidance for Q4. The domestic sentiment will be more inclined towards the ongoing earnings season and upcoming union budget, which has a mixed view,” Vinod Nair, Head of Research, Geojit Financial Services, said.

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

Markets in Europe were trading in the green. U.S. markets ended on a mixed note on Monday.

All Adani group stocks were in heavy demand, with Adani Power surging nearly 20%.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,892.84 crore on Monday, according to exchange data.

Global oil benchmark Brent crude climbed 0.12% to $81.11 a barrel.

Wholesale price inflation rose to 2.37% in December 2024, due to spike in prices of non-food articles, manufactured items as well as fuel and power, even though food items saw marginal easing, government data released on Tuesday showed.

Falling for the fourth straight session on Monday, the 30-share BSE benchmark Sensex tanked 1,048.90 points or 1.36% to settle at 76,330.01. The Nifty dropped 345.55 points or 1.47% to close at 23,085.95.

FIIs offloaded equities worth ₹7,170.87 crore on Thursday (January 9, 2025), according to exchange data. File
| Photo Credit: PTI

Equity benchmark indices Sensex and Nifty nursed losses for the third consecutive session on Friday (January 10, 2025), in lockstep with a weak trend in global equities as concerns over economic growth and a slowdown in quarterly earnings sapped investors’ risk appetite.

Surging crude oil prices and a strengthening dollar index also contributed to the weak trend in equities.

In a volatile trade, the 30-share BSE benchmark Sensex declined 241.30 points or 0.31% to settle at 77,378.91. During the day, the benchmark gyrated 820.15 points between the day’s high of 77,919.70 and a low of 77,099.55.

The NSE Nifty dropped 95 points or 0.40% to 23,431.50.

From the 30-share blue-chip pack, IndusInd Bank, NTPC, UltraTech Cement, Sun Pharma, Axis Bank, State Bank of India, Tata Steel, Power Grid, Adani Ports and Kotak Mahindra Bank were among the major laggards.

Tata Consultancy Services jumped nearly 6% after the IT services company reported an 11.95% jump in the December quarter net profit to ₹12,380 crore.

Tech Mahindra, HCL Tech, Infosys and Bajaj Finserv were the other big gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹7,170.87 crore on Thursday (January 9, 2025), according to exchange data.

“Domestic market sentiment remained subdued due to rising crude oil prices, driven by supply concerns, and a strengthening dollar index. Despite the IT sector’s resilience following positive early Q3 results, broader indices bled due to uncertainties surrounding Trump policies and high valuations.

“Consolidation may persist in the near term, yet investors are closely watching the U.S. non-farm payroll data today for further guidance,” Vinod Nair, Head of Research, Geojit Financial Services, said.

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

European markets were trading lower. U.S. markets were closed on Thursday (January 9, 2025).

Global oil benchmark Brent crude jumped 2.02% to $78.47 a barrel.

In the previous session, the 30-share BSE benchmark dropped 528.28 points or 0.68% to sink below the 78,000 level at 77,620.21. The Nifty slumped 162.45 points or 0.69% to 23,526.50.