The 30-share Bombay Stock Exchange index, Sensex and the 50-share National Stock Exchange index, Nifty, climbed in early trade. File
| Photo Credit: Reuters

From the Sensex pack, Hindustan Unilever, Nestle India, UltraTech Cement, Infosys, Asian Paints, Mahindra & Mahindra and Tata Steel were the major laggards. File

Equity benchmark indices Sensex and Nifty faced heavy volatility in early trade on Monday (December 9, 2024) amid selling in blue chips like Infosys and ICICI bank amid a weak trend in the Asian markets.

Fresh foreign fund outflows also dented market sentiment.

The 30-share BSE Sensex opened on a positive note, but soon witnessed selling pressure from investors and declined 151.36 points or 0.19f to 81,557.76 in the initial trade.

In tandem, the broader NSE Nifty after opening on a higher note, fell 37.45 points or 0.15% to 24,640.35 in early hours.

From the Sensex pack, Hindustan Unilever, Nestle India, UltraTech Cement, Infosys, Asian Paints, Mahindra & Mahindra and Tata Steel were the major laggards.

In contrast, Larsen & Toubro, Kotak Mahindra Bank, Tech Mahindra, Sun Pharmaceuticals, HDFC Bank and NTPC were among the major gainers.

In Asian markets, Seoul, Hong Kong and Shanghai were trading in the negative territory, while Tokyo quoted higher.

“Asian stocks started the week with a cautious tone, as investors grappled with South Korea’s political upheaval and awaited fresh stimulus from China,” Deepak Jasani, head of Retail Research at HDFC Securities, said.

Central Bank outcomes from Australia, ECB, Canada, Switzerland and Brazil are expected this week, Jasani added.

U.S. markets ended in a mixed note on Friday (Dec. 6).

Global oil benchmark Brent crude climbed 0.41% to $71.41 a barrel.

Foreign Institutional Investors (FIIs) turned sellers on Friday (Dec. 6) after unabated buying for the past many days. They sold equities worth ₹1,830.31 crore, according to exchange data.

On Friday, the 30-share BSE benchmark Sensex declined 56.74 points or 0.07% to settle at 81,709.12, while NSE Nifty dipped 30.60 points to settle at 24,677.80.

From the 30 Sensex companies, Kotak Mahindra Bank, JSW Steel, HDFC Bank, Power Grid, IndusInd Bank, Maruti Suzuki India, NTPC, Axis Bank and Mahindra & Mahindra were among the gainers. File
| Photo Credit: Reuters

Equity benchmark indices Sensex and Nifty settled higher on Thursday (October 10, 2024) due to gains in banking, power and industrial stocks amid a firm trend in global markets.

The 30-share Bombay Stock Exchange (BSE) Sensex rose 144.31 points, or 0.18%, to settle at 81,611.41. During the day, it soared 535.74 points, or 0.65%, to hit an intra-day high of 82,002.84.

The National Stock Exchange (NSE) Nifty increased 16.50 points, or 0.07%, to close at 24,998.45.

In the intra-day trade, it rose 152.1 points, or 0.60%, to hit a high of 25,134.05. The market traded on a range-bound trend with a negative bias ahead of the start of the Q2 result.

“The Asian market started well but could not hold on to the gains as European markets waved on a negative trend in anticipation of the key U.S. inflation data, global bond yields are rising,” Vinod Nair, Head of Research at Geojit Financial Services, said.

From the 30 Sensex companies, Kotak Mahindra Bank, JSW Steel, HDFC Bank, Power Grid, IndusInd Bank, Maruti Suzuki India, NTPC, Axis Bank and Mahindra & Mahindra were among the gainers.

Tech Mahindra, Sun Pharmaceuticals, Infosys, Titan, Tata Motors, Larsen & Toubro and Tata Consultancy Services were among the laggards.

“Domestic broader market momentum was mixed with caution as the initial expectation of Q2FY25 results is subdued due to a subpar momentum in the global and rural demand,” Mr. Nair added.

Also Read: Ratan Tata’s final rites

Shares of Tata Group companies on Thursday (October 10, 2024) rose up to 15%, with Tata Investment Corporation, Tata Chemicals, and Tata Teleservices among the major gainers.

Tata Sons Chairman Emeritus Ratan Tata, who played a key role in transforming the group into a global conglomerate, passed away late on Wednesday (October 9, 2024). He was 86.

European markets were trading lower in the mid-session deals. Global oil benchmark Brent Crude climbed 1.37% to $77.63 a barrel in futures trade.

In Asian markets, Tokyo, Hong Kong, Shanghai and Seoul were closed higher. U.S. markets ended with gains on Wednesday (October 9, 2024).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,562.71 crore on Wednesday (October 9, 2024), while Domestic Institutional Investors (DIIs) bought equities worth ₹3,508.61 crore, according to exchange data.

On Wednesday (October 9, 2024), the 30-share BSE Sensex fell 167.71 points to close at 81,467.1 while the NSE Nifty dropped 31.20 points to end at 24,981.95.