From the 30-share Sensex pack, Tata Consultancy Services jumped 4% after the IT services company reported an 11.95% jump in December quarter net profit to ₹12,380 crore. File
| Photo Credit: Special arrangement

Benchmark indices Sensex and Nifty rebounded in early trade on Friday (January 10, 2025) after two days of decline but soon succumbed to selling pressure as heavy foreign fund outflows made investors jittery.

The 30-share BSE benchmark Sensex climbed 270.76 points to 77,890.97 in early trade. The NSE Nifty also went up by 69.5 points to 23,596.

However, soon both the benchmark indices slipped in the negative territory. The BSE benchmark quoted 306.07 points lower at 77,313.56, while the Nifty traded with a cut of 112.10 points at 23,412.45.

From the 30-share Sensex pack, Tata Consultancy Services jumped 4% after the IT services company reported an 11.95% jump in December quarter net profit to ₹12,380 crore.

Tech Mahindra, Infosys, HCL Tech, Mahindra & Mahindra, HDFC Bank and Nestle were the other big gainers.

IndusInd Bank, Zomato, NTPC, State Bank of India, Adani Ports and Power Grid were among the laggards.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹7,170.87 crore on Thursday (January 10, 2025,) according to exchange data.

“There appears to be no respite to the sustained FII selling which touched ₹7,170 crore yesterday. This will continue to put pressure on the market. Since the results season has started, the market will witness lots of stock-specific action in response to the results. Results of TCS indicate that the IT sector will continue to remain resilient,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

In Asian markets, Seoul traded in the positive territory while Tokyo, Shanghai and Hong Kong quoted lower. The U.S. markets were closed on Thursday (January 9, 2025.)

“Uncertainty around the U.S. Federal Reserve rate plans and President-elect Trump’s policies continues to fuel market pessimism,” Prashanth Tapse, senior vice-president (Research), Mehta Equities Limited, said.

Global oil benchmark Brent crude climbed 0.30% to $77.15 a barrel. Sliding for the second straight day on Thursday (January 9, 2025), 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.

From the 30 blue-chip Sensex pack, JSW Steel, Nestle and Titan were the gainers. File
| Photo Credit: Reuters

Equity benchmark indices Sensex and Nifty plunged about 1.5% on Friday (December 20, 2024), taking their downtrend to the fifth straight session, owing to risk aversion in the global markets after the hawkish stance of the U.S. Federal Reserve.

The 30-share BSE benchmark tumbled 1,176.46 points or 1.49% to settle at 78,041.59. During the day, it slumped 1,343.46 points or 1.69% to 77,874.59. The NSE Nifty tanked 364.20 points or 1.52% to 23,587.50.

From the 30 blue-chip Sensex pack, Tech Mahindra, IndusInd Bank, Axis Bank, Mahindra & Mahindra, Tata Motors, Larsen & Toubro, State Bank of India, Tata Consultancy Services, UltraTech Cement and Reliance Industries were the biggest laggards. In contrast, JSW Steel, Nestle and Titan were the gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower. Equity markets in Europe were trading in the negative territory. Wall Street ended on a mixed note on Thursday (December 19, 2024.)

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,224.92 crore on Thursday (December 19, 2024), according to exchange data. Global oil benchmark Brent crude declined 0.96% to $72.18 a barrel.

Falling for the fourth day running, the 30-share BSE benchmark tanked 964.15 points or 1.20% to settle at 79,218.05 on Thursday (December 19, 2024). The Nifty tumbled 247.15 points or 1.02% to sink below the 24,000 mark at 23,951.70.

From the 30 Sensex pack, IndusInd Bank plunged more than 18.50% after the firm reported a 40% decline in September quarter net profit
| Photo Credit: Reuters

Declining for the fifth straight session, equity benchmark Sensex on Friday (October 25, 2024) plunged about 660 points to crash below the 80,000 level owing to widespread selling pressure tracking massive foreign capital outflows and muted earnings growth.

The BSE Sensex plummeted 662.87 points or 0.83% to settle at 79,402.29. During the day, it plunged 927.18 points or 1.15% to 79,137.98. The NSE Nifty tanked 218.60 points or 0.90% to 24,180.80.

From the 30 Sensex pack, IndusInd Bank plunged more than 18.50% after the firm reported a 40% decline in September quarter net profit at ₹1,331 crore, pulled down by concerns over its asset quality.

Mahindra & Mahindra, Larsen & Toubro, NTPC, Adani Ports, Tata Steel, Maruti, Bajaj Finance and Titan were also among the laggards.

From the bluechip pack, ITC climbed more than 2% after the diversified entity reported an 1.8% increase in its consolidated net profit to ₹5,054.43 crore in the second quarter ended September 2024.

In contrast, Axis Bank, Hindustan Unilever, Sun Pharma and ICICI Bank were the other big gainers. “Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,062.45 crore on Thursday (October 25, 2024), while Domestic Institutional Investors (DIIs) bought ₹3,620.47 crore shares,” according to exchange data.

In Asian markets, Seoul, Shanghai and Hong Kong settled higher, while Tokyo ended lower. European equity markets were trading in positive territory. The U.S. markets ended mostly higher on Thursday (October 24, 2024.) Global oil benchmark Brent crude climbed 0.42% to $74.69 a barrel.

In an uninspiring trade, the BSE benchmark Sensex dipped 16.82 points or 0.02% to settle at 80,065.16 on Thursday. The Nifty skidded 36.10 points or 0.15% to 24,399.40 in a volatile trade.