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Stock Market Update: Benchmark indices had been buying and selling greater within the pre-opening session.
Sensex Today
Stock Market Updates: Benchmark inventory indices Sensex and Nifty continued their decline on Monday owing to unabated overseas fund outflows, promoting in IT shares and weak leads from the US markets.
The 30-share BSE Sensex dropped by 241.30 factors or 0.31 per cent to settle at 77,339.01, registering its fourth day of decline. During the day, it fell 615.25 factors or 0.79 per cent to 76,965.06.
Falling for the seventh day in a row, the NSE Nifty dipped 78.90 factors or 0.34 per cent to 23,453.80.
From the 30-share Sensex pack, Tata Consultancy Services, Infosys, NTPC, HCL Technologies, Axis Bank, Tech Mahindra, Bajaj Finserv, Sun Pharma, IndusInd Bank and Reliance Industries had been the most important laggards.
Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Nestle and State Bank of India had been among the many gainers.
Foreign Institutional Investors (FIIs) offloaded equities value Rs 1,849.87 crore on Thursday, based on trade knowledge.
Foreign buyers have pulled out Rs 22,420 crore from the Indian fairness markets thus far this month, owing to excessive home inventory valuations, growing allocations to China, and the rising US greenback in addition to Treasury yields.
With this sell-off, Foreign Portfolio Investors (FPIs) have recorded a complete outflow of Rs 15,827 crore in 2024 thus far.
Equity markets had been closed on Friday for Guru Nanak Jayanti.
“Consolidation continued available in the market; a slowdown in earnings progress and a weak rupee as a consequence of inflation impacted the sentiment. IT shares reacted negatively right now as a consequence of a diminished expectation of a Fed fee minimize in December, which can pose a delay in spending within the BFSI section,” Vinod Nair, Head of Research, Geojit Financial Services, mentioned.
In Asian markets, Seoul and Hong Kong settled greater whereas Tokyo and Shanghai ended decrease.
European markets had been buying and selling within the damaging territory. The US markets ended decrease on Friday.
Global oil benchmark Brent crude climbed 0.49 per cent to USD 71.39 a barrel.
Stock Market Last Week
Benchmark Sensex declined by 110 factors in a see-saw commerce on Thursday, marking its third straight session of losses amid continued FII promoting, disappointing quarterly outcomes and hovering inflation.
Equity markets had been closed on Friday for Guru Nanak Jayanti.
The 30-share Sensex dropped 110.64 factors or 0.14 per cent to settle at 77,580.31 in a lacklustre commerce. The index began on a constructive observe however misplaced momentum later as a consequence of elevated promoting. During the day, it dropped 266.14 factors or 0.34 per cent to 77,424.81.
Broader NSE Nifty dropped by 26.35 factors or 0.11 per cent to shut at 23,532.70, extending its shedding streak to the sixth day.
From the 30-share Sensex pack, Hindustan Unilever, NTPC, Nestle, IndusInd Bank, Power Grid, Adani Ports, Tata Motors and Bajaj Finserv had been the most important laggards.
Reliance Industries, Kotak Mahindra Bank, Tech Mahindra, Mahindra & Mahindra and HDFC Bank had been among the many gainers.
Foreign Institutional Investors (FIIs) offloaded equities value Rs 2,502.58 crore on Wednesday, whereas Domestic Institutional Investors (DIIs) purchased shares value Rs 6,145.24 crore, based on trade knowledge.
Wholesale worth inflation rose to a four-month excessive of two.36 per cent in October as costs of meals gadgets, particularly greens, and manufactured items turned dearer, confirmed the federal government knowledge launched on Thursday.
Retail inflation breached the Reserve Bank’s higher tolerance stage, hovering to a 14-month excessive of 6.21 per cent in October primarily on account of rising meals costs.
The BSE smallcap gauge climbed 0.83 per cent and midcap index went up by 0.41 per cent.
Among sectoral indices, utilities declined 0.88 per cent, oil & fuel (0.48 per cent), energy (0.37 per cent), companies (0.09 per cent), steel (0.07 per cent) and shopper durables (0.05 per cent).
Realty jumped 1.11 per cent, BSE shopper discretionary (0.81 per cent), telecommunication (0.64 per cent), auto (0.60 per cent) and commodities (0.33 per cent).
In Asian markets, Tokyo, Shanghai and Hong Kong settled decrease whereas Seoul ended within the constructive territory.
European markets had been buying and selling greater. The US markets ended on a combined observe on Wednesday.
Global oil benchmark Brent crude dipped 0.06 per cent to USD 72.24 a barrel.
Sensex tanked 984.23 factors or 1.25 per cent to settle at 77,690.95 on Wednesday. Registering its fifth day of decline, the Nifty tumbled 324.40 factors or 1.36 per cent to 23,559.05.
