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Stock Market Updates: Nifty50 and Sensex, started the day marginally lower. Later, the benchmarks recovered and were trading in the positive zone
Stock Market Updates
Sensex Today: Benchmark indices, BSE Sensex and NSE Nifty50, closed the final trading session of the week on a negative note. The 30-share Sensex declined by 329.92 points, or 0.43%, finishing at 76,190.46. It traded within a range of 76,985.95 to 76,091.75 during the day.
Similarly, the NSE Nifty50 also ended 113.15 points, or 0.49%, lower at 23,092.20, with its day’s high reaching 23,347.30 and the low at 23,050.
The day was dominated by bearish sentiment, with 31 out of the 50 Nifty50 stocks closing in the red. Notable losers included Trent, Dr. Reddy’s Labs, BPCL, Adani Enterprises, and Mahindra & Mahindra, with losses up to 4.90%. On the other hand, Hindustan Unilever, Britannia Industries, Eicher Motors, Grasim Industries, and ICICI Bank were among the 19 stocks that ended in the green, with gains of up to 2.52%.
Small-cap stocks were the hardest hit in the broader market, as the Nifty Smallcap100 index fell by 2.35%, primarily dragged down by Cyient and Jupiter Wagons, which plunged by up to 22.80%. The Nifty Midcap100 index also closed lower by 1.55%.
All sectoral indices, except Nifty FMCG and IT, ended the day in the red.
Global Cues
Asia-Pacific markets experienced gains on Friday, following the record highs in the S&P 500 on Thursday, fueled by US President Donald Trump’s calls for lower interest rates and cheaper oil prices.
In Japan, core inflation hit a 16-month high of 3% in December, compared to the previous year, bolstering expectations for a potential rate hike by the Bank of Japan.
The Bank of Japan followed suit by raising rates by 25 basis points to 0.5%, marking the highest level since 2008.
The Nikkei gained 0.46%, while the Kospi rose 0.92%, and the ASX 200 increased by 0.40%. Meanwhile, in Singapore, the central bank adjusted its monetary policy settings downward, in line with expectations amid rising core inflation in December.
In the US, stocks finished higher with all three major indexes in the green. The S&P 500 climbed 0.53%, hitting a new intraday all-time high for the second consecutive session.
The Dow Jones rose 0.92%, and the Nasdaq Composite increased by 0.22%, marking the fourth consecutive winning session for all three indexes.
US jobless claims for the week ending January 18 increased to 223,000, up from 217,000 the previous week. Investors are now looking ahead to the PMI Manufacturing and Services flash data for January.
