Sensex climbs 30.99 points to settle at 71,386, Nifty rises 31.85 points to 21,544
Business | Jan 09, 2024, 04:04 PM ISTThe Sensex rose by 30.99 points, while the Nifty index climbed by 31.85 points on Tuesday.
The Sensex rose by 30.99 points, while the Nifty index climbed by 31.85 points on Tuesday.
On the broader market front, the Nifty Midcap 100 and Nifty SmallCap 100 also demonstrated positive momentum, closing 0.81% and 1.06% higher, respectively.
The 30-share BSE Sensex climbed 252.87 points to 65,533.32 in early trade. The NSE Nifty advanced 76.1 points to 19,407.90.
The Sensex closed at 64,718 with a jump of 803 points and the Nifty closed at 19,189 with a gain of 216 points.
The 30-share BSE index fell 216.28 points or 0.34 per cent to settle at 63,168.30. During the day, it declined 336.75 points or 0.53 per cent to 63,047.83.
The 30-share BSE Sensex jumped 367.98 points to 62,915.09 in early trade. The NSE Nifty advanced 75.35 points to 18,609.50.
Domestic indices BSE Sensex and NSE Nifty 50 opened in the green today.
Both the stocks fell sharply amid reports that the merged HDFC entity could see significant outflow.
While Reliance Industries, HDFC Bank, ICICI Bank, SBI, Bharti Airtel, Bajaj Finance and HDFC were the laggards from the top-10 pack, TCS, Hindustan Unilever and Infosys emerged as the gainers.
Earlier this week, rating agency Fitch reduced India's projected gross domestic product growth for the current fiscal year from 7.8% to 7% due to a slowdown brought on by increased inflation, global economic stress, and tighter RBI monetary policy.
From the Sensex pack, IndusInd Bank, Bharti Airtel, HCL Technologies, Axis Bank, Tech Mahindra, Kotak Mahindra Bank, HDFC, Infosys, HDFC Bank, and Reliance Industries were major laggards in early trade.
NTPC, ITC, Bajaj Finance, Kotak Mahindra Bank, Larsen & Toubro, Titan, Mahindra & Mahindra, and Asian Paints were among the gainers in early trade.
HDFC twins and ICICI Bank also declined. HUL, Dr Reddy's, L&T, Titan, Nestle, Tata Steel, Maruti and Sun Pharma were also among the losers. On the other hand, Bajaj Finserv bucked the trend, spurting by 5.58 per cent. Bharti Airtel and Reliance Industries advanced as the spectrum auction started.
The 30-share BSE Sensex rose 427.49 points or 0.80 per cent to close at 54,178.46. The broader NSE Nifty advanced 143.10 points or 0.89 per cent to 16,132.90.
The 30-share BSE Sensex jumped 433.30 points or 0.82 per cent to settle at 53,161.28. During the day, it rallied 781.52 points or 1.48 per cent to 53,509.50.
The BSE benchmark gained 237.42 points or 0.46 per cent to settle at 51,597.84. During the day, it hit a high of 51,714.61 and a low of 51,062.93.
The BSE benchmark declined 135.37 points or 0.26 per cent to settle at 51,360.42. During the day, the benchmark faced volatility and tanked 574.57 points or 1.11 per cent to its one-year low of 50,921.22.
Across-the-board selling played havoc on the headline indices, with index majors Reliance Industries and HDFC twins contributing most to the decline.
NTPC, Infosys, Reliance Industries, Hindustan Unilever, Wipro, Tech Mahindra and PowerGrid were the major laggards. On the other hand, Bajaj Finserv, Bajaj Finance, Tata Steel and Larsen & Toubro were among the gainers.
The 30-share BSE index ended 1,016.84 points or 1.84 per cent lower at 54,303.44. Similarly, the broader NSE Nifty plunged 276.30 points or 1.68 per cent to 16,201.80.
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