In early trade, the BSE Sensex fell by 322.24 points to 79,682.80, and the Nifty 50 dropped 86.55 points to 24,252.60. This decline follows recent market gains as investors engage in profit booking. Despite the downturn, experts remain optimistic about the overall economic fundamentals.
Key sectors, including IT, banking, and energy, contributed to the market’s upward trend. Major stocks like Infosys, Reliance Industries, and HDFC Bank were among the top gainers.
Sensex climbed 348 points to 84,647.88, while Nifty gained 96 points to 25,907.60 in early trade. Key sectors like IT, banking, and FMCG led the surge.
The Sensex reached a new all-time high in early trade on Wednesday, climbing 134.64 points to 78,188.16, while the Nifty rose 28.2 points to 23,749.50. However, both indices later faced volatility and traded flat amid profit-taking.
The Indian stock market showed signs of recovery on Tuesday as the Sensex surged by 237.05 points to reach 77,578.13, while the Nifty also rose by 65.8 points, reaching 23,603.65 during early trade.
Analysts expect the market to consolidate at higher levels, with budget-related sectors drawing attention. Global markets showed mixed performance, and oil prices continued to decline.
Small- and mid-cap stocks also hit all-time highs, rising 0.5% and 0.35%, respectively. Wall Street's strong performance, with the S&P 500 and Nasdaq Composite closing at record levels, further boosted market sentiment.
Analysts attribute the rally to robust corporate earnings, favourable global market trends, and investor optimism about the domestic economic outlook.
In early trading on Tuesday, benchmark equity indices saw a decline due to profit-taking after a record-breaking rally. Bluechip stocks such as Reliance Industries and HDFC Bank faced selling pressure.
As the trading day commences, the Sensex has a bearish start, opening at 69,518 points, while the Nifty records a slump, touching 20,906 points.
The Sensex, representing the Bombay Stock Exchange, demonstrated its bullish momentum by achieving an impressive rise of 303.25 points. This surge propelled the Sensex to attain a fresh peak, reaching an impressive level of 69,599.39.
Sensex rose at 260 points, currently trading at 67,729 points. Nifty rose at 87 points to 20,157 points today.
The 30-share BSE Sensex climbed 513.29 points to 58,578.76 in early trade. The broader NSE Nifty advanced 154.5 points to 17,428.80.
Power Grid, Tata Steel, Maruti, Mahindra & Mahindra, NTPC, IndusInd Bank, Axis Bank and Titan were the major laggards in the early trade.
Asian markets, including South Korea and Hong Kong, were trading higher, and the US and European markets closed in the green territory.
At the interbank foreign exchange market, the rupee opened at 79.93 against the greenback, registering a decline of 11 paise over its last close.
At the interbank foreign exchange, the rupee opened weak at 75.06 and lost further ground to quote 75.07 against the American dollar.
Equity benchmark Sensex dropped over 200 points in early trade on Monday tracking losses in index majors Infosys, HDFC and TCS amid a mixed trend in global markets.
On the currency front, the rupee depreciated 9 paise against the US dollar to trade at 70.78 in early session
The rupee appreciated by 22 paise to 70.47 against the US dollar in early trade on Friday, tracking gains in domestic equities amid reports of a meeting between foreign investors and finance ministry officials regarding higher tax surcharge during the day.
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