A person walks close to the bronze statue of a bull exterior the Bombay Stock Exchange (BSE) in Mumbai. File photograph
| Photo Credit: AP
Benchmark fairness indices began the trade on a optimistic notice on Monday, January 8, 2024, however later gave up all early positive factors to trade lower amid weak traits from Asian markets.
The 30-share BSE Sensex climbed 155.62 factors to 72,181.77 in early trade. The Nifty went up by 53.15 factors to 21,763.95.
However, each the indices failed to hold ahead the optimistic momentum and had been buying and selling lower later. The Sensex quoted 177.54 factors lower at 71,821.10 whereas the Nifty fell 53.25 factors to trade at 21,653.85.
Among the Sensex corporations, Tata Steel, Bharti Airtel, HCL Technologies, Reliance Industries, Sun Pharma and Titan had been the largest gainers.
Hindustan Unilever, Bajaj Finance, Bajaj Finserv, ITC, IndusInd Bank and NTPC had been among the many laggards.
In Asian markets, Seoul, Shanghai and Hong Kong had been buying and selling lower.
The US markets ended marginally up on Friday.
“The year-end rally which took the Nifty up by around 14 per cent from the 2023 October lows, is slowly running out of steam. The major challenge for the rally comes from the mother market US which is showing signs of weakness,” mentioned V Ok Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Global oil benchmark Brent crude declined 1.09 per cent to USD 77.90 a barrel.
Foreign Institutional Investors (FIIs) purchased equities value ₹1,696.86 crore on October 5, in keeping with alternate information.
The BSE benchmark jumped 178.58 factors or 0.25 per cent to settle at 72,026.15 on Friday. The Nifty climbed 52.20 factors or 0.24 per cent to 21,710.80.
