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Benchmark equity indices Sensex and Nifty began the trade on an optimistic note on Monday (January 6, 2025) but soon turned negative amid fresh foreign fund outflows and caution ahead of the earnings season beginning this week.
The 30-share BSE benchmark Sensex climbed 296.94 points to 79,520.05 in early trade. The NSE Nifty went up by 85.2 points to 24,089.95.
However, later both the benchmark indices turned negative and were trading lower. The 30-share BSE benchmark quoted 68.56 points lower at 79,159.58, and the Nifty traded 48.20 points down at 23,956.55.
The biggest gainers among the 30-share blue-chip pack were Bajaj Finance, Titan, Infosys, HCL Tech, Tata Consultancy Services, and Tech Mahindra.
Kotak Mahindra Bank, Tata Steel, Power Grid and Asian Paints were among the laggards.
In Asian markets, Seoul traded higher while Tokyo, Shanghai and Hong Kong quoted lower.
U.S. markets ended in the positive territory on Friday (January 3, 2025).
Foreign Institutional Investors (FIIs) offloaded equities worth โน4,227.25 crore on Friday (January 3, 2024) after a day’s breather, according to exchange data.
Global oil benchmark Brent crude dipped 0.21% to $76.35 a barrel.
The BSE benchmark tumbled 720.60 points or 0.90% to close at 79,223.11 on Friday (January 3, 2025). The Nifty tanked 183.90 points or 0.76% to 24,004.75.
Published – January 06, 2025 10:24 am IST
