Markets gave up early gains to trade lower; Sensex quotes 309 points lower

3 hours ago 1

Representational representation of the BSE Sensex | Photo Credit: Paul Noronha

Benchmark indices Sensex and Nifty faced volatile trends successful aboriginal commercialized connected Tuesday (January 21, 2025), surrendering their archetypal gains to commercialized lower, pursuing dense selling successful Reliance Industries and Zomato.

Traders said the marketplace appears to beryllium awaiting triggers from some planetary arsenic good arsenic home developments.

The 30-share BSE benchmark Sensex climbed 224.28 points to 77,297.72 successful aboriginal trade. The NSE Nifty besides went up by 81.55 points to 23,426.30.

However, soon some the benchmark indices slipped successful antagonistic territory. The BSE benchmark quoted 309.55 points little astatine 76,763.89, portion the Nifty traded with a chopped of 41.45 points astatine 23,303.30.

From the 30-share blue-chip pack, Zomato, Adani Ports, Kotak Mahindra Bank, Reliance Industries, NTPC, State Bank of India, ICICI Bank and Bharti Airtel were among the laggards.

UltraTech Cement, Tata Motors, Sun Pharmaceuticals, ITC, HCL Technologies, Bajaj Finserv, Asian Paints and Larsen & Toubro were the gainers.

Domestically, the spotlight remains connected large firm net and anticipation surrounding the upcoming budget, according to marketplace experts.

Further, they said that connected the planetary front, each eyes connected the U.S. markets, peculiarly their absorption pursuing the instrumentality of Donald Trump arsenic the U.S. President. Mr. Trump declared tariffs against Canada and Mexico successful the adjacent aboriginal but stopped abbreviated of declaring immoderate tariffs against China.

In Asian markets, Seoul, Tokyo, Hong Kong, and Shanghai are trading successful affirmative territory.

U.S. markets were closed connected Monday connected the juncture of Martin Luther King Jr Day.

Global lipid benchmark Brent crude climbed 0.05% to $80.19 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worthy Rs 4,336.54 crore connected Monday, according to speech data.

On Monday, the 30-share BSE Sensex jumped 454.11 points to settee astatine 77,073.44 and NSE Nifty climbed 141.55 points to adjacent astatine 23,344.75.

Published - January 21, 2025 11:43 americium IST

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