Stock Market, Dec 16 Updates: In the pre-opening session Sensex regained 58,100 and Nifty 50 hovered around 17,250.
New Delhi | Jagran Business Desk: The domestic market on Thursday opened in the green amid positive global cues. Bank Nifty regained 37,000. In the pre-opening session Sensex regained 58,100 and Nifty 50 hovered around 17,250.
Updates from Wednesday:
Equity benchmark Sensex dropped 329 points on Wednesday, tracking losses in index majors Infosys, Bajaj Finance and HDFC amid a mixed trend in global markets. The 30-share index slumped 329.06 points or 0.57 per cent to end at 57,788.03. Similarly, the NSE Nifty fell 103.50 points or 0.60 per cent to 17,221.40.
Bajaj Finance was the top loser in the Sensex pack, shedding over 3 per cent, followed by Bajaj Finserv, PowerGrid, ITC and TCS. On the other hand, Sun Pharma, Kotak Bank, M&M, Maruti and L&T were among the gainers.
According to analysts, weak global cues and continued foreign fund outflow are weighing on market sentiment. Elsewhere in Asia, bourses in Shanghai and Hong Kong ended with losses, while Tokyo and Seoul were positive.
Stock exchanges in Europe were also trading on a mixed note in mid-session deals. Meanwhile, international oil benchmark Brent crude fell 0.90 per cent to USD 73.04 per barrel.
Updates from Tuesday:
Equity benchmark Sensex dropped 166 points on Tuesday, tracking losses in index majors Reliance Industries, ITC and Kotak Bank amid a negative trend in global markets. The 30-share index declined 166.33 points or 0.29 per cent to end at 58,117.09. Similarly, the Nifty fell 43.35 points or 0.25 per cent to 17,324.90. ITC was the top loser in the Sensex pack, shedding nearly 3 per cent, followed by Bajaj Finance, Kotak Bank, Bharti Airtel and Reliance Industries. On the other hand, PowerGrid, Axis Bank, Nestle India and Dr Reddy’s were among the gainers.
Elsewhere in Asia, bourses in Shanghai, Tokyo, Seoul and Hong Kong ended with losses. Stock exchange in Europe were, however, trading on a positive note in mid-session deals. Meanwhile, international oil benchmark Brent crude fell 0.26 per cent to USD 74.20 per barrel.
The indices opened in red as the Sensex dropped by 356.6 points to 57,926.82 and Nifty declined by 98.35 points to 17,269.90. The market saw losses in index majors Infosys, Reliance Industries and HDFC twins amid a negative trend globally.
Bajaj Finance was the top loser in the Sensex pack, shedding over 1 per cent, followed by HDFC, Kotak Bank, IndusInd Bank, M&M, Bajaj Auto and Bajaj Finserv. On the other hand, PowerGrid, Dr Reddy’s, NTPC and ITC were among the gainers
Updates from Monday:
The market couldn’t sustain the gains made in the opening session on December 12 and closed in red as they were dragged by the losses in the oil and gas, and PSU sectors. While the Sensex tumbled by 503.25 points to close at 58,283.42, the Nifty dropped by 43.05 points to end at 17,368.25.
In the Sensex pack, Bajaj Finance was the top loser and was down by around 3 per cent, followed by Bajaj Finserv, Reliance Industries, M&M, Nestle India and SBI. On the other hand, Axis Bank, Tech Mahindra, PowerGrid and Maruti were among the gainers.
The sharp rise in Omicron cases in the UK is a concern for global markets, said V K Vijayakumar, Chief investment Strategist at Geojit Financial Services.
Meetings of the US Fed, ECB, Bank of England and Bank of Japan this week will give cues on the medium term trajectory of interest rates, bond yields and markets, he noted.
In India, the relentless selling by FPIs (Rs 33,799 crore in November and Rs 17,644 crore up to December 10) has been the major headwind for the market, particularly for banking stocks, he added.
Elsewhere in Asia, bourses in Seoul and Hong Kong ended with gains, while Shanghai and Tokyo were in the red.
Stock exchanges in Europe were trading on a positive note in mid-session deals. Meanwhile, international oil benchmark Brent crude rose 0.11 per cent to USD 75.23 per barrel.
