Sensex, Nifty snap two-day rally dragged by realty, healthcare stocks

Bombay Stock Exchange (BSE) gathering successful Mumbai. | Photo Credit: Reuters

Equity benchmarks Sensex and Nifty surrendered aboriginal gains to adjacent with losses successful a volatile league connected Friday (January 24, 2025), snapping their two-day winning streak arsenic investors pared vulnerability to realty, lipid & state and healthcare stocks amid a mixed inclination successful planetary markets.

Unabated overseas money outflows besides dented capitalist sentiment.

The 30-share BSE benchmark dropped 329.92 points oregon 0.43% to settee astatine 76,190.46. During the day, it slumped 428.63 points oregon 0.56% to 76,091.75.

The NSE Nifty declined 113.15 points oregon 0.49% to 23,092.20.

From the 30-share blue-chip pack, Mahindra & Mahindra, Zomato, Tata Motors, IndusInd Bank, Reliance Industries, Larsen & Toubro, UltraTech Cement, HDFC Bank, Adani Ports and Bajaj Finserv were among the large laggards.

On the different hand, Hindustan Unilever, Tech Mahindra, Nestle, Bharti Airtel and ICICI Bank were among the gainers.

In Asian markets, Seoul, Shanghai, and Hong Kong settled successful the affirmative territory portion Tokyo ended lower. The Bank of Japan raised its cardinal involvement complaint to astir 0.5% from 0.25%.

Markets successful Europe were trading successful the green. U.S. markets ended higher connected Thursday.

U.S. President Donald Trump, connected Thursday, addressed the World Economic Forum, wherever helium offered concern leaders debased taxes if they manufacture their products successful the U.S. portion threatening them with tariffs if they don’t.

Addressing the forum’s Annual Meeting present done video conferencing, Trump besides said helium is going to inquire Saudi Arabia and OPEC to bring down lipid prices and asserted that if prices travel down, the Russia-Ukraine warfare volition extremity immediately.

Throughout the world, nutrient prices went done the roof, the president said, and helium took contiguous enactment to power ostentation successful America.

"I committedness to destruct 10 aged regulations for each caller regulation... I americium going to walk the largest taxation cuts successful American past to assistance our people," helium noted.

Foreign Institutional Investors (FIIs) offloaded equities worthy ₹5,462.52 crore connected Thursday, according to speech data.

Global lipid benchmark Brent crude climbed 0.27% to $78.50 a barrel.

In the erstwhile session, Sensex roseate 115.39 points oregon 0.15% to settee astatine 76,520.38. The Nifty went up by 50 points oregon 0.22% to extremity astatine 23,205.35.

Published - January 24, 2025 04:21 p.m. IST