Stock Market Dec 30 Updates: Bajaj Finserv was the top loser in the Sensex pack, shedding about 1.5 per cent, followed by M&M, Axis Bank, Sun Pharma, L&T, Reliance, SBI and ICICI Bank.
Mumbai | Jagran Business Desk: The Indian benchmark indices on Thursday opened on a choppy note, tracking weakness in index heavyweights Reliance Industries, SBI and ICICI Bank amid a mixed trend in global markets. The 30-share Sensex was trading 13.25 points or 0.02 per cent lower at 57,793.24. Similarly, the Nifty slipped 8.45 points or 0.05 per cent to 17,205.15.
Bajaj Finserv was the top loser in the Sensex pack, shedding about 1.5 per cent, followed by M&M, Axis Bank, Sun Pharma, L&T, Reliance, SBI and ICICI Bank. On the other hand, Wipro, PowerGrid, Dr Reddy’s, Tech Mahindra and Titan were among the gainers.
Updats from Dec 29, Wednesday:
Equity benchmark Sensex dropped by nearly 91 points on Wednesday due to profit booking in HDFC Bank, SBI and ITC after a two-day rally. The 30-share index ended 90.99 points or 0.16 per cent lower at 57,806.49 in volatile trade. The broader Nifty fell by 19.65 points or 0.11 per cent to 17,213.60.
SBI was the top loser in the Sensex pack, shedding over 1 per cent, followed by ITC, NTPC, Tech Mahindra, Tata Steel, Kotak Bank and M&M. On the other hand, Sun Pharma, IndusInd Bank, Dr Reddy’s and Bajaj Finserv were among the gainers.
Updates from Tuesday, Dec 28:
Equity benchmark Sensex rallied 477 points on Tuesday, tracking gains in index heavyweights Reliance Industries, Infosys and HDFC Bank amid a positive trend in global markets.
The 30-share index surged 477.24 points or 0.83 per cent to end at 57,897.48. Similarly, the Nifty rose by 147.20 points or 0.86 per cent to 17,233.45.
Asian Paints was the top gainer in the Sensex pack, rising nearly 3 per cent, followed by Sun Pharma, M&M, NTPC, UltraTech Cement and Titan. On the other hand, IndusInd Bank and PowerGrid were the laggards.
Updates from Monday, Dec 27:
Equity benchmark Sensex ended 296 points higher on Monday, tracking gains in index majors ICICI Bank, HDFC twins and Tech Mahindra amid a largely positive trend in global markets.
After rebounding over 960 points from the day’s low during the session, the 30-share index settled 295.93 points or 0.52 per cent higher at 57,420.24. Similarly, the Nifty recovered 82.50 points or 0.49 per cent to 17,086.25.
Tech Mahindra was the top gainer in the Sensex pack, rising over 3 per cent, followed by Dr Reddy’s, PowerGrid, Kotak Bank, Sun Pharma, ICICI Bank and M&M. On the other hand, IndusInd Bank, Asian Paints, Maruti and Bharti Airtel were among the laggards.
In the opening session, the Indian indices plunged significantly as Omicron cases continued to rise across the country, forcing several state governments to reimpose restrictions. The BSE Sensex was trading at 56,743.70, down by 380.61 points or 0.67 per cent. Similarly, the NSE Nifty was trading at 16,901.80, down by 101.95 points 0.60 per cent.
Most of the indices in the Sensex pack were trading in red with RBL Bank plunging by 10 per cent, followed by HCL Tech, Wipro, Dr Reddy’s, Titan, Reliance and Bharti Airtel. Only Powergrid, Sun Pharma and NTPC were trading in green.
Experts and analysts have said that the stock market will remain volatile this week as Omicron cases are rising at an exponential rate in most parts of the world. In India, more than 500 cases of the new variant of COVID-19 have been detected so far, forcing states like Delhi, Maharashtra, Uttar Pradesh and Karnataka to reimpose COVID-induced restrictions, including night curfews.
“The markets remain highly volatile amid rising Omicron cases, higher monetary policies and inflationary woes,” Vinod Nair, Head of Research at Geojit Financial Services, said on Friday, as reported by news agency PTI.
