Stock Market at Close: Sensex, Nifty Decline; FMCG, Pharma, Metals Top Losers


by Sandip Das on 8 January 2024,  5 min read

Stock Market at Close: Sensex, Nifty Decline; FMCG, Pharma, Metals Top Losers - MyDhanush Blogs by Ashika

The Indian stock market ended in the red following weak global cues. At close, Sensex declined 670 points or 0.93 percent at the 71355 mark while Nifty fell 197 points or 0.91 percent at the 21513 level.

Around 1014 stocks advanced and 1574 declined while 96 remained unchanged.

Among the sectors, FMCG, Pharma, and Metal indices were down 1 percent each, while Power and Realty indices added 0.6 percent each in a weak stock market. The BSE Midcap index shed 0.7 percent and smallcap index slipped 0.2 percent.

Top Nifty50 Gainers

Company Name Last Traded Price (Rs) % Change
Adani Ports 1172.4 1.57
ONGC 217.65 0.55
NTPC 316.6 0.52
Sun Pharma 1307 0.52
Hero MotoCorp 4010.9 0.52

Top Nifty50 Losers

Company Name Last Traded Price (Rs) % Change
UPL 561.25 -3.44
SBI Life Insurance 1416.4 -2.60
State Bank of India 627.9 -2.19
Mahindra & Mahindra 1606.1 -2.19
Tech Mahindra 1223 -2.03

Asian markets end on a weak note

Asian markets ended in the red on January 8, 2024. The Hang Seng index dived 2 percent at the 16,224.45 mark. Kospi slipped 0.4 percent at 2,567.82 level. Japan’s Nikkei was shut down on account of a holiday.

Also read: Lupin, Oracle Financial Services Top 2 Stocks Which Can Fetch up to 13% Return

European markets slide

European shares edged lower on Monday, extending their lackluster start to the year as tepid energy shares dragged the index, while a rise in government bond yields weighed on risk sentiment.

The Stoxx 600 was down 0.6 percent with all sectors trading in negative territory. FTSE shed 0.35 percent at the 7,662 mark while CAC slipped 0.24 percent at the 7,403 level. German DAX fell 0.08 percent at 16,580.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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