The two major equity benchmarks, Sensex and Nifty, entered the New Year in the red on Monday. The S&P BSE Sensex fell 207.29 points to reach 72,032.97 in early trade, while the NSE Nifty50 fell 46.65 points to reach 21,684.75.
At 9:54 am, the Sensex was trading at 72,200.89, with a loss of 39.37 points, while the Nifty50 stood at 21,733.75, after gaining 2.35 points.
On the 30-share Sensex platform, Tata Motors, Nestle India, IndusInd Bank, ITC and State Bank of India emerged as the top gainers. On the downside, Hindustan Unilever, M&M, Bharti Airtel, Wipro and Sun Pharma were among those trading in the red.
In the broader markets, indices were mostly trading in the green. The Nifty Microcap 250 led the gains and rose 0.94 per cent. Among others, the Nifty Smallcap 50 rose 0.52 per cent. Among the laggards, the Nifty 100 index fell 0.08 per cent in the morning.
Among the NSE-specific stocks, Tata Motors gained 1.72 per cent in the morning, followed by Coal India which rose 1.58 per cent.
#ABPStockMarketWatch | The stock market enters the new year, the indices are trading lower
At 10:45, #sensex fell 99 points to 71,141 and #Skilled by 8 points to 21,723
Here's a look at the stocks in focus:#ABPLive #Market clock pic.twitter.com/DqwHdJnDk3
โ ABP LIVE (@abplive) January 1, 2024
Sectorally, Nifty Media and Oil & Gas indices led the gains and traded higher by 0.80 per cent and 0.59 per cent respectively. Among the rest, financial services and IT led the losses and fell 0.23 percent.
In the previous session on Friday, the two key stock indices Sensex and Nifty broke the week's rally and fell during the day. The S&P BSE Sensex fell 170 points to close at 72,240.26, while the NSE Nifty50 fell over 50 points to settle at 21,726.45 at the end of the day.
The domestic rupee depreciated by 3 paise to 83.19 against the US dollar in early trade on Monday following a negative trend in domestic stocks and demand for dollars from importers. Forex traders noted that the rupee traded in a tight range as support from declining crude oil prices was negated by the strength of the US dollar in the overseas market. At the interbank forex market, the Indian rupee opened at 83.18 against the US dollar and touched an initial high of 83.15, before falling to 83.19 against the US dollar. In the last trading session on Friday, the Indian currency appreciated by 4 paise and stood at 83.16 against the US currency.
Global benchmark Brent crude fell 0.14 percent to $77.04 a barrel. According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 1,459.12 crore on Friday.
