Sensex, Nifty fall in early trade after five days of sharp rally
The Hindu
The Hindu’s updates on the Sensex and Nifty
Mumbai
Equity benchmark indices declined in early trade on Friday, December 29, 2023, after five days of sharp rally as investors preferred profit-taking after the recent record-breaking run.
The 30-share BSE Sensex fell 236.56 points to 72,173.82 after a weak beginning to the trade. The Nifty declined 74.8 points to 21,703.90.
Among the Sensex firms, Kotak Mahindra Bank, Titan, State Bank of India, Power Grid, Reliance Industries, Infosys, and NTPC were the major laggards.
Tata Motors, Maruti, Sun Pharma, Bajaj Finserv, and ITC were among the gainers.
In Asian markets, Tokyo and Hong Kong traded lower while Shanghai quoted with gains.
The US markets ended on a mixed note on Thursday.
Bitcoin’s march toward $100,000 made further ground on Thursday as the coin crossed $95,000.
Billionaire Gautam Adani indicted in New York for bribery and fraud scheme, impacting Adani Group's financial plans.
SEC charges Adani Group chairman with defrauding American investors and bribing officials in multi-billion-dollar solar energy project scheme.
Country Club Hospitality and Holidays Ltd clears ₹600 crore debt, explores global partnerships, franchise model for growth and expansion.
Steel Secretary addresses concerns over cheap steel imports from FTA nations, highlighting challenges faced by domestic industry.
Stock markets in India closed for Maharashtra elections, with a bounce back in domestic indices observed on Tuesday.
The sensor systems for vehicles in India are all imported. Nothing is made in India though they are engineered at a sustainable low cost, said ISRO Chairman S. Somanath.
Donald Trump's proposed tariffs on Chinese imports could impact global trade, inflation, and economic growth.
Evernorth Health Services opens global capability centre in Hyderabad, plans to hire 300 more employees by April.
Tata Power partners with Bhutan's DGPC to develop 5,000 MW clean energy capacity, strengthening regional clean energy sector.
Rupee closes flat against dollar amid geopolitical tensions, domestic market optimism; traders eye upcoming data and elections.