Simultaneously, the Nifty showed a significant rise of 110.65 points, commencing at 21,556.50. Nifty companies witnessed 32 advances and 17 declines, showcasing a diverse market sentiment.
As the opening bell rang, the Sensex surged by 288.25 points, reaching 71,643.47, while the Nifty observed a gain of 99.00 points, opening at 21,612.90.
The Nifty 50 recorded a decline of 197.80 points, equivalent to 0.91 per cent, settling at 21,513. Meanwhile, the BSE Sensex concluded the session with a substantial loss of 670.93 points, representing a 0.93 per cent decrease, and closed at 71,355.22.
Simultaneously, the Nifty commenced the day with positive momentum, opening 99.35 points up at 21,616.50. Among the Nifty firms, advances outnumbered declines with 29 companies experiencing gains and 21 facing declines.
Indian stock indices continued to trade in the red on Wednesday, extending losses for the third session of 2024, primarily attributable to dragged profit booking after a stellar cumulative performance in 2023. High valuations, too, are a concern.
Indian stock indices continued to trade in the red on Tuesday, extending losses from the previous session, primarily attributable to profit booking after a stellar cumulative performance in 2023. High valuations, as analysts pointed out, too, are a concern.
The Sensex recorded a decline of 100.68 points, opening at 72,171.26, while the Nifty experienced a drop of 39.60 points, starting at 21,702.30. This downward trend set the tone for the day's trading activity, prompting investors to closely monitor market movements.
The NSE Nifty 50 managed to rise 10.50 points (0.21 per cent) to settle at 21,741.90, while the BSE Sensex recorded a marginal gain of 31.68 points (0.04 per cent) to reach 72,271.94.
Indian stock indices started off the New Year marginally in the red, extending losses from the previous session, primarily attributable to profit booking after a stellar cumulative performance in 2023. High valuations, as analysts pointed out, too, are a concern.
Particularly in December, they made a beeline to invest in Indian stock markets, with a cumulative accumulation of Rs 66,135 crore. To put it into context, the entire year saw an inflow of about Rs 171,107 crore, and notably, over one-third of it came in December.
Indian stock indices settled 2023 last active trading session marginally in the red, largely due to profit booking and subdued global cues. Sensex and Nifty settled 0.2 per cent lower each on Friday.