Representational image of a bronze sculpture of a bull on the premises of the Bombay Stock Exchange building. File
| Photo Credit: Reuters

The 30-share BSE Sensex opened on a negative note to plunge 202.87 points, or 0.26%, to 76,202.12 in the morning trade. File
| Photo Credit: PTI

Equity benchmark indices Sensex and Nifty pared all the losses to trade higher early on Thursday (January 23, 2025) following buying in IT stocks and a rally in Asian markets.

The 30-share BSE Sensex opened on a negative note to plunge 202.87 points, or 0.26%, to 76,202.12 in the morning trade. On the similar lines, NSE Nifty also fell 64.7 points, or 0.27%, to 23,090.65.

However, BSE benchmark soon recovered the losses and rose 152.54 points, or 0.20%, to trade at 76,557.53 while Nifty went up 37.10 points, or 0.16%, to 23,192.45.

Among the Sensex shares, Zomato, UltraTech Cement, Tech Mahindra, Mahindra & Mahindra, Sun Pharmaceutical, Infosys, Tata Motors, Bajaj Finserv, and ITC were among the gainers.

Hindustan Unilever, Nestle India, State Bank of India, Axis Bank, HCL Technologies, Adani Ports, and Reliance Industries were among the laggards.

In Asian markets, Tokyo, Shanghai and Hong Kong were trading in positive territory while Seoul was quoting in the negative.

U.S. markets ended higher in overnight deals on Wednesday (January 22, 2025).

Global oil benchmark Brent crude fell 0.34% to $78.73 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,026.25 crore on Wednesday (January 22, 2025), according to exchange data.

On Wednesday (January 22, 2025), the 30-share BSE Sensex surged 566.63 points to close at 76,404.99 and the NSE Nifty climbed 130.70 points to settle at 23,155.35.

Benchmark equity indices Sensex and Nifty declined in early trade on Friday (January 3, 2025) dragged by bank and IT stocks ahead of the start of earnings season next week.

The 30-share BSE Sensex went lower by 181.04 points to 79,762.67 despite a positive beginning. The NSE Nifty dipped 56.55 points to 24,132.10.

From the Sensex, Tech Mahindra, Tata Consultancy Services, Infosys, ITC, ICICI Bank, Kotak Mahindra Bank, Sun Pharma and HDFC Bank were the major laggards.

NTPC, Tata Motors, Nestle and Adani Ports were among the gainers.

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

US markets were in the negative territory on Thursday.

Foreign Institutional Investors (FIIs) turned buyers on Thursday after remaining net sellers for the past many days. They bought equities worth ₹1,506.75 crore, according to exchange data.

Global oil benchmark Brent crude went up by 0.30 per cent to USD 76.16 a barrel.

The Sensex jumped 1,436.30 points or 1.83 per cent — its best single-day gain in more than a month — to settle at 79,943.71 on Thursday. The Nifty surged 445.75 points or 1.88 per cent to 24,188.65.

An employee of a stock trading firm looking at a share price on his computer in Mumbai. File photo
| Photo Credit: The Hindu

Benchmark indices Sensex and Nifty declined in early trade on Tuesday (December 31, 2024) amid persistent foreign fund outflows, and weak trends in the global markets.

Selling in IT stocks also dampened investor sentiments.

The 30-share BSE benchmark Sensex tanked 468.14 points to 77,779.99 in initial trade. The NSE Nifty dropped 117.05 points to 23,527.85.

From the 30 blue-chip pack, Tech Mahindra, Tata Consultancy Services, Infosys, HCL Technologies, Zomato, IndusInd Bank, Bajaj Finance and ICICI Bank were the major laggards.

Kotak Mahindra Bank, State Bank of India, Tata Motors and Tata Steel were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,893.16 crore on Monday, according to exchange data.

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

US markets ended lower on Monday.

Global oil benchmark Brent crude climbed 0.30 per cent to USD 74.39 a barrel.

The 30-share BSE benchmark tumbled 450.94 points or 0.57 per cent to settle at 78,248.13 on Monday. The Nifty declined 168.50 points or 0.71 per cent to 23,644.90.

Equity benchmark indices Sensex and Nifty opened on a positive note in early trade on Thursday amid buying in blue-chip stocks like HDFC Bank and State Bank of India.

The BSE benchmark Sensex rose 95 points to 80,329.08 in early trade. The NSE Nifty went up 48.15 points to 24,323.05.

From the 30-share Sensex pack, HDFC Bank, Adani Ports, ITC, State Bank of India, Hindustan Unilever, Tata Motors, IndusInd Bank and Tata Steel were among the gainers.

Tech Mahindra, Infosys, HCL Technologies, Mahindra & Mahindra, Tata Consultancy Services and Power Grid were among the laggards.

Foreign Institutional Investors (FIIs) bought equities worth ₹7.78 crore on Wednesday (November27, 2024), according to exchange data.

“The consolidation phase in the market is likely to continue in the near-term. A clear positive for the market is the cessation of relentless selling by Foreign Instututional Investors (FIIs). This will give confidence to retail investors to again start buying aggressively.

“But there is no room for such high optimism. Strong dollar is a negative for emerging markets and, therefore, FIIs are unlikely to turn aggressive buyers,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

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

The US markets ended lower on Wednesday.

Vijayakumar added that large institutions would prefer to wait and watch for clarity on US President Elect Donald Trump’s policies and its likely impact on trade and the global economy.

Global oil benchmark Brent crude dipped 0.21 per cent to USD 72.68 a barrel.

On Wednesday, the BSE benchmark climbed 230.02 points or 0.29 per cent to settle at 80,234.08. The Nifty rose 80.40 points or 0.33 per cent to 24,274.90.

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

Equity benchmark indices began the trade on a firm note on Wednesday (November 27, 2024) amid fresh foreign fund inflows and a rally in the US markets.

Concerns over tariff threats by U.S. President-elect Donald Trump, however, instilled volatility in the market during the morning trade.

The BSE benchmark Sensex climbed 166.1 points to 80,170.16 in early trade. The NSE Nifty went up 74.35 points to 24,268.85.

However, later both the benchmark indices turned volatile. The BSE benchmark gauge traded 60.26 points higher at 80,055.58 and the Nifty quoted 16.55 points up at 24,211.10.

From the 30-share Sensex pack, Mahindra & Mahindra, Kotak Mahindra Bank, Adani Ports, HCL Technologies, Tech Mahindra and NTPC were among the gainers.

IndusInd Bank, Bharti Airtel, Tata Steel, UltraTech Cement were among the laggards.

Foreign Institutional Investors (FIIs) bought equities worth ₹1,157.70 crore on Tuesday (Novembe 27, 2024), according to exchange data.

“Trump’s renewed tariff threats on China, Mexico, and Canada dampened sentiment, fuelling trade tension fears,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

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

The US markets ended in the positive territory on Tuesday.

“President-elect Trump has already started declaring what he intends to do immediately upon his taking office. 25 per cent tariffs on Mexican and Canadian imports and an additional 10 per cent tariffs on Chinese imports have already been announced. How these countries react to these tariffs remains to be seen,” V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Market is likely to consolidate around the current levels since there are no immediate triggers for a breakout or a break down, he added.

Global oil benchmark Brent crude climbed 0.05 per cent to USD 72.85 a barrel.

The BSE benchmark declined 105.79 points or 0.13 per cent to settle at 80,004.06 on Tuesday. The Nifty dipped 27.40 points or 0.11 per cent to 24,194.50.

Benchmark equity indices declined in early trade on Monday, August 14, 2023 falling for the third day running, amid weak global market trends and fresh foreign fund outflows.

Caution also prevailed in the market ahead of announcement of wholesale and retail inflation numbers for July later in the day.

The 30-share BSE Sensex fell 461.48 points to 64,861.17. The NSE Nifty declined 154.1 points to 19,274.20.

From the Sensex pack, Tata Motors, State Bank of India, JSW Steel, Bajaj Finance, Tata Steel, Bajaj Finserv, Tech Mahindra, Power Grid, Mahindra & Mahindra, Tata Consultancy Services, HCL Technologies and HDFC Bank were the major laggards.

Sun Pharma and Nestle were the gainers.

The US markets ended mostly lower on Friday.

Global oil benchmark, Brent crude, declined 0.85 per cent to $86.07 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,073.28 crore on Friday, according to exchange data.

“The market construct has turned a bit negative. The spike in the dollar index to 103 and the US 10-year bond yield rising to 4.18 are negative for capital flows to emerging markets. The FPI sell figure of ₹3,073 crore last Friday is in tune with these negative trends,” said V.K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.