Markets fall in early trade, dragged down by Telecom stocks, weak global cues

According to speech data, FIIs offloaded equities worthy ₹2,758.49 crore connected Friday (January 24, 2025). File photo | Photo Credit: PTI

Equity benchmark indices, Sensex and Nifty, declined successful aboriginal commercialized connected Monday (January 27, 2025), dragged down by losses successful Telecom and Industrials stocks amid muted planetary marketplace trends.

Also, the continuous overseas money outflows added to the markets’ decline.

The 30-share BSE benchmark Sensex declined 343 points oregon 0.45% to 75,847.46 successful aboriginal trade. The NSE Nifty dropped 108.95 points oregon 0.47% to 22,983.25.

From the 30-share Sensex pack, Zomato, HCL Technologies, PowerGrid, Tata Motors, Adani Ports, Reliance Industries, IndusInd Bank, Infosys, Tata Consultancy Services and HDFC Bank were the large laggards.

In Contrast, ICICI Bank, Hindustan Unilever, Larsen & Toubro, Nestle India, State Bank of India, ITC and Asian Paints were the gainers.

“This 6-day week is apt to beryllium highly volatile with different large events similar the Fed determination and the Budget successful India. The marketplace is looking guardant to fiscal stimulus done income taxation cuts successful the Budget. If the expectations are met, determination tin beryllium a alleviation rally successful the market. But if a rally is to sustain, we request information indicating maturation and net revival,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

In Asian markets, Shanghai and Hong Kong were trading successful the green, portion Seoul was quoting flat, and Tokyo was trading successful the reddish territory.

U.S. markets ended little connected Friday (January 24, 2025).

Foreign Institutional Investors (FIIs) offloaded equities worthy ₹2,758.49 crore connected Friday (January 24, 2025), according to speech data.

Global lipid benchmark Brent crude slipped 0.61% to $78.02 a barrel.

On Friday (January 24, 2025), the 30-share BSE benchmark dropped 329.92 points to settee astatine 76,190.46. The Nifty declined 113.15 points to adjacent astatine 23,092.20.

Published - January 27, 2025 10:38 americium IST