The 30-share BSE Sensex tanked 670.93 factors or 0.93% to settle at 71,355.22. File
| Photo Credit: PTI
Equity benchmarks Sensex and Nifty surrendered early positive aspects to shut with deep losses on January 8, snapping their two-day successful streak as traders pared publicity to banking, metallic and FMCG shares amid a weak pattern in global markets.
The 30-share BSE Sensex tanked 670.93 factors or 0.93% to settle at 71,355.22. During the day, it fell 725.11 factors or 1% to 71,301.04.
The Nifty declined 197.80 factors or 0.91% to 21,513.
Among the Sensex corporations, State Bank of India, ITC, Nestle, Asian Paints, Tech Mahindra, Mahindra & Mahindra, Tata Consultancy Services and Hindustan Unilever have been the key laggards.
In distinction, HCL Technologies, Power Grid, Sun Pharma, NTPC, Bajaj Finance and Titan have been the gainers.
In Asian markets, Seoul, Shanghai and Hong Kong settled decrease. Japan’s Nikkei was closed for a vacation.
European markets have been buying and selling decrease. The U.S. markets ended marginally up on Friday.
“The market witnessed widespread selling as the euphoria over early rate cuts may diminish due to the better-than-expected non-farm payroll data from the U.S. and the consequent rise in the U.S. 10-year yield. In the near term, investors’ trade positions will be more inclined towards the upcoming result season,” stated Vinod Nair, Head of Research at Geojit Financial Services.
Global oil benchmark Brent crude declined 1.21% to $77.81 a barrel.
Foreign Institutional Investors (FIIs) purchased equities price ₹1,696.86 crore on Friday, based on change information.
The BSE benchmark jumped 178.58 factors or 0.25% to settle at 72,026.15 on Friday. The Nifty climbed 52.20 factors or 0.24% to 21,710.80.
