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India market witnessed downturn, primarily led by declines in financials, auto, and information technology sectors, as selling pressure intensified near record high levels on Monday.
The NSE Nifty 50 saw a decline of 76.10 points, settling at 21,665.80, while the S&P BSE Sensex retreated by 379.46 points, closing at 71,892.48.
Within the Sensex companies, major laggards included Kotak Mahindra Bank, UltraTech Cement, Mahindra & Mahindra, Larsen & Toubro, ICICI Bank, IndusInd Bank, Wipro, and Hindustan Unilever.
On the winning side, Sun Pharma, Bajaj Finance, Bharti Airtel, Reliance Industries, Bajaj Finserv, and Titan emerged as notable gainers.
The market extended yesterday’s last hour’s sell-off, taking negative cues from Asian peers due to weak Chinese manufacturing data and mounting tensions in the Red Sea, which has the potential to disrupt global trade and crude supplies,” Vinod Nair, Head of Research at Geojit Financial Services said.
Asian, European and US markets were closed on Monday for the New Year.
In 2023, the BSE benchmark jumped 11,399.52 points or 18.73%, and the Nifty climbed 3,626.1 points or 20%.
The NSE Nifty 50 saw a decline of 76.10 points, settling at 21,665.80, while the S&P BSE Sensex retreated by 379.46 points, closing at 71,892.48.
Within the Sensex companies, major laggards included Kotak Mahindra Bank, UltraTech Cement, Mahindra & Mahindra, Larsen & Toubro, ICICI Bank, IndusInd Bank, Wipro, and Hindustan Unilever.
On the winning side, Sun Pharma, Bajaj Finance, Bharti Airtel, Reliance Industries, Bajaj Finserv, and Titan emerged as notable gainers.
The market extended yesterday’s last hour’s sell-off, taking negative cues from Asian peers due to weak Chinese manufacturing data and mounting tensions in the Red Sea, which has the potential to disrupt global trade and crude supplies,” Vinod Nair, Head of Research at Geojit Financial Services said.
Asian, European and US markets were closed on Monday for the New Year.
In 2023, the BSE benchmark jumped 11,399.52 points or 18.73%, and the Nifty climbed 3,626.1 points or 20%.
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