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Stock Market Update
Sensex Today
Stock Market Updates: In early trading on Monday, the Sensex declined by 156.72 points, around 77,423.59. The Nifty followed suit, dropping 64.25 points to trade at 23,468.45. Investors remained cautious amidst global uncertainties and sectoral pressures.
The rupee recovered from its lowest level and appreciated by 8 paise to 84.38 against the US dollar in early trade on Monday despite a stronger American currency and sustained outflow of foreign funds.
Trends on GIFT Nifty pointed to a strong start for the broader market, with an uptick of 78 points or 0.33%. Nifty futures were trading near the 23,515 mark, indicating optimistic sentiment ahead of market opening.
Benchmark indices were trading higher in the pre-opening session.
The Sensex was up 283 points or 0.37 percent at 77,864, and the Nifty was up 70.9 points or 0.3 percent at 23,603.60.
Stock Market Last Week
Benchmark Sensex declined by 110 points in a see-saw trade on Thursday, marking its third straight session of losses amid continued FII selling, disappointing quarterly results and soaring inflation.
Equity markets were closed on Friday for Guru Nanak Jayanti.
The 30-share Sensex dropped 110.64 points or 0.14 per cent to settle at 77,580.31 in a lacklustre trade. The index started on a positive note but lost momentum later due to increased selling. During the day, it dropped 266.14 points or 0.34 per cent to 77,424.81.
Broader NSE Nifty dropped by 26.35 points or 0.11 per cent to close at 23,532.70, extending its losing 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 were the major laggards.
Reliance Industries, Kotak Mahindra Bank, Tech Mahindra, Mahindra & Mahindra and HDFC Bank were among the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,502.58 crore on Wednesday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 6,145.24 crore, according to exchange data.
Wholesale price inflation rose to a four-month high of 2.36 per cent in October as prices of food items, especially vegetables, and manufactured goods turned dearer, showed the government data released on Thursday.
Retail inflation breached the Reserve Bank’s upper tolerance level, soaring to a 14-month high of 6.21 per cent in October mainly on account of rising food prices.
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 & gas (0.48 per cent), power (0.37 per cent), services (0.09 per cent), metal (0.07 per cent) and consumer durables (0.05 per cent).
Realty jumped 1.11 per cent, BSE consumer 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 lower while Seoul ended in the positive territory.
European markets were trading higher. The US markets ended on a mixed note on Wednesday.
Global oil benchmark Brent crude dipped 0.06 per cent to USD 72.24 a barrel.
Sensex tanked 984.23 points or 1.25 per cent to settle at 77,690.95 on Wednesday. Registering its fifth day of decline, the Nifty tumbled 324.40 points or 1.36 per cent to 23,559.05.
