by Sandip Das on 29 January 2024, 4 min read
The Indian stock market ended the session on January 25, 2024, in the red amid high volatility. Sensex was down 359 points at 70,700 at close while Nifty shed 101 points and ended the session at a 21,352 level.
Around 1421 stocks advanced and 1077 declined while 102 remained unchanged.
Among the sectors, IT, Pharma, and FMCG were down over 1 percent each. On the other hand, some buying was seen in auto and metal space.
Trends on GIFT Nifty indicates a positive start for Indian indices.
The S&P 500 ended a five-session streak of record highs on Friday, with Intel slumping after a bleak revenue forecast, while U.S. economic data showed inflation moderating. The S&P 500 declined 0.07% to end the session at 4,890.97 points. The Nasdaq declined 0.36% to 15,455.36 points, while Dow Jones Industrial Average rose 0.16% to 38,109.43 points, according to a Reuters report.
Asian markets were trading mostly higher on Monday ahead of a slew of GDP and inflation numbers due out from the region this week. Japan’s Nikkei was up 0.8 percent, while Kospi index gained 1 percent.
ITC, Bajaj Finance, NTPC, GAIL (India), Bharat Petroleum Corporation, Vodafone Idea, Aditya Birla Sun Life AMC, Adani Green Energy, Marico, Bharat Electronics, CSB Bank, Mahindra Logistics, Muthoot Microfin, Nippon Life India Asset Management, Nuvoco Vistas Corporation, Piramal Enterprises, Petronet LNG.
Foreign institutional investors (FIIs) offloaded shares worth Rs 2,144.06 crore, while domestic institutional investors (DIIs) bought Rs 3,474.89 crore stocks on January 25.
Oil prices jumped 1% on Monday on fuel supply concerns after a missile struck a Trafigura-operated fuel tanker in the Red Sea. Also, Russian refined products exports are set to fall as several refineries are under repair after drone attacks.
Brent crude futures climbed 83 cents to $84.38 a barrel by 2341 GMT after hitting a session high of $84.80. US West Texas Intermediate crude rose 78 cents to $78.79 a barrel.
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