Markets rebound in early trade after sharp decline in previous session
The Hindu
Sensex and Nifty rebound after sharp decline, driven by blue-chip stocks; global markets mixed, oil prices dip slightly.
Benchmark equity indices Sensex and Nifty rebounded in early trade on Tuesday (January 7, 2025) after a sharp decline in the previous session driven by buying in blue-chip stocks like Reliance Industries and ICICI Bank.
The 30-share BSE benchmark Sensex jumped 422.62 points to 78,387.61 in early trade. The NSE Nifty climbed 160.2 points to 23,776.25.
From the 30-share blue-chip pack, Titan, Adani Ports, IndusInd Bank, ICICI Bank, Reliance Industries, Asian Paints, Power Grid and Tata Motors were among the biggest gainers.
Zomato emerged as the only laggard.
In Asian markets, Seoul and Tokyo traded in the positive territory while Shanghai and Hong Kong quoted lower.
US markets ended mostly higher on Monday.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,575.06 crore on Monday, according to exchange data.
India's fuel demand in December 2023 increased by 2.1%, with notable rises in petrol, diesel, and LPG sales.
Auto retail sales decline in December due to economic slowdown, delayed payments, and supply challenges, with cautious optimism for January.
Rupee recovers slightly against dollar amid equity market support, while FII outflows and strong USD remain concerns.
Sensex and Nifty rebound as blue-chip stocks surge, despite IT decline and weak rupee, amid global market trends.
Government mandates NPOP certification for organic product exports, aiming for $2 billion exports by 2030.
Microsoft CEO Satya Nadella announced a $3 billion investment in India.
Sensex and Nifty rebound after sharp decline, driven by blue-chip stocks; global markets mixed, oil prices dip slightly.
Meta Platforms said on Monday it had elected three new directors to its board.
Prime Minister Narendra Modi met Microsoft Chairman and CEO Satya Nadella in the national capital.
Central banks around the world collectively, in November 2024, added 53 tonnes of gold to their reserves, of which the Reserve Bank of India’s addition was 8 tonnes, the World Gold Council said in a report.
Government considers increasing sugar MSP to ₹39.14 or ₹42/kg due to rising production costs and industry demands.