Markets decline in early trade amid weak global trends
The Hindu
Benchmark indices Sensex and Nifty decline due to global cues and caution ahead of WPI inflation data.
Benchmark indices Sensex and Nifty declined in early trade on Monday (December 16, 2024) in line with weak global cues and caution ahead of the WPI inflation data to be announced later in the day.
The 30-share BSE benchmark Sensex declined 215.59 points to 81,917.53 in early trade. The NSE Nifty dipped 49.45 points to 24,718.85.
From the 30-share Sensex blue-chip pack, JSW Steel, Titan, Bharti Airtel, Nestle, Mahindra & Mahindra, Tata Consultancy Services, NTPC and Sun Pharma were the biggest laggards.
ITC, Reliance Industries, UltraTech Cement, Bajaj Finance, IndusInd Bank and Asian Paints were the gainers.
In Asian markets, Seoul, Tokyo and Hong Kong were trading lower while Shanghai quoted in the green.
Wall Street ended mostly lower on Friday.
"Stock markets in India are expected to remain cautious amid mixed global cues, as investors await the U.S. Federal Reserve's policy rate decision later this week," Ameya Ranadive Chartered Market Technician, CFTe, Sr Technical Analyst, StoxBox, said.
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