Among the Sensex companies, Larsen & Toubro, Bharti Airtel, HCL Tech, Tata Motors, Sun Pharma and Tata Steel had been the main gainers. On the opposite hand, Nestle, Asian Paints, Bajaj Finserv, HDFC Bank and Axis Bank had been among the many laggards.
| Photo Credit: Reuters
Equity benchmarks Sensex and Nifty on January 9 closed moderately higher after a fag-end sell-off minimised the good-looking features posted in early buying and selling.
“Besides, investors opted for profit-taking ahead of the start of corporate earnings season and macroeconomic data announcements later this week,” merchants mentioned.
After rising sharply through the day, the 30-share BSE Sensex trimmed many of the features through the fag-end and ended marginally higher by 30.99 factors or 0.04% at 71,386.21. During the day, it jumped 680.25 factors or 0.95% to 72,035.47.
The Nifty additionally gave up many of the intra-day features and ended 31.85 factors or 0.15% up at 21,544.85. During the day, it climbed 211.45 factors or 0.98% to 21,724.45.
Among the Sensex companies, Larsen & Toubro, Bharti Airtel, HCL Tech, Tata Motors, Sun Pharma and Tata Steel had been the main gainers. On the opposite hand, Nestle, Asian Paints, Bajaj Finserv, HDFC Bank and Axis Bank had been among the many laggards.
In Asian markets, Tokyo and Shanghai settled higher, whereas Seoul and Hong Kong ended decrease. European markets had been buying and selling largely decrease. The U.S. markets ended with vital features on January 8.
“Positive sentiments in the Indian IT sector, fuelled by a U.S. tech rally and demand on emerging technologies, overshadowed the anticipated muted Q3 results of the sector.
“Market optimism about potential softening of the U.S. inflation is driving expectations of near-term fee cuts, bolstering general sentiment. But in-between profit-booking is rising as a result of blended cues from Asian markets in addition to excessive valuation issues,” mentioned Vinod Nair, Head of Research, Geojit Financial Services.
The BSE benchmark tanked 670.93 factors or 0.93% to settle at 71,355.22 on Monday. The Nifty declined 197.80 factors or 0.91% to 21,513. Foreign Institutional Investors (FIIs) purchased equities value ₹16.03 crore on January 8, in line with trade information.
Global oil benchmark Brent crude climbed 1.72% to $77.43 a barrel.
