Stock markets replace: As buyers most well-liked profit-taking after the current sharp rally, fairness indices benchmark Sensex and Nifty declined on the final trading day of 2023, wrapping up a record-setting 12 months with benchmarks surging by as much as 20 per cent. After a five-day profitable run, promoting stress emerged in power, banking and IT counters on Friday, which dragged indices decrease, merchants mentioned.
The 30-share BSE Sensex fell 170.12 factors or 0.23 per cent to settle at 72,240.26 after a weak starting to the commerce. During the day, it dropped 327.74 factors or 0.45 per cent to 72,082.64. The wider gauge Nifty declined 47.30 factors or 0.22 per cent to settle at 21,731.40. In intra-day commerce, the index slipped 101.8 factors or 0.46 per cent to 21,676.90.
In 2023, the BSE benchmark jumped 11,399.52 factors or 18.73 per cent, and the Nifty climbed 3,626.1 factors or 20 per cent. In a memorable 12 months for the fairness market, Dalal Street buyers added a whopping Rs 81.90 lakh crore to their wealth in 2023 as a raft of constructive elements powered a stellar rally in shares.
Rupee settles flat in opposition to US greenback
Meanwhile, the rupee paired all its early beneficial properties to finish on a flat observe at 83.20 (provisional) in opposition to the US greenback amid elevated month-end greenback demand from importers and risky crude oil costs. At the interbank overseas alternate, the home forex opened at 83.14 and touched the height of 83.10 and hit the bottom degree of 83.22 in opposition to the buck throughout intra-day offers. The native unit closed the session at Thursday’s closing degree of 83.20 (provisional) in opposition to the greenback.
(With PTI inputs)
