Sensex Slips Over 200 Points Amid Market Volatility

Mumbai, January13, 2025: The Bombay Stock Exchange (BSE) Sensex faced continued pressure for the fourth consecutive session on Monday, shedding 257.72 points to settle at 77,121.19 during the opening session. This decline was part of a broader market trend where selling activity was observed across various sectors.

The National Stock Exchange (NSE) also experienced a downward shift, dropping 118.75 points to 23,312.75. The broader market sentiment remained weak, with the Sensex registering an intra-day high of 77,128.35 points and a low of 76,535.24 points. Similarly, the Nifty traded within a range, marking a high of 23,340.95 points and a low of 23,172.70 points.

The decline was broad-based, with the Mid-Cap index falling by 1.43%, and the Small-Cap index also witnessing a drop of 1.36%. Among the 30 stocks in the Sensex index, only 7 stocks managed to show gains, while 23 stocks saw declines, reflecting the overall negative market sentiment.

Among the top losers, Zomato witnessed a significant drop of 2.94%, falling to Rs 235.85. Mahindra & Mahindra (M&M) also experienced a 1.65% decline, reaching Rs 3,041. Other notable decliners included Powergrid, down 1.33% to Rs 295.80, Tata Steel, which lost 1.30%, and Asian Paints, which dropped 1.17%, bringing its price to Rs 2,292.45.

On the flip side, there were a few stocks that saw gains despite the overall market slide. IndusInd Bank emerged as the top gainer, rising 2.95% to reach Rs 965.30. Axis Bank followed closely with a 1.80% increase, trading at Rs 1,059.55. Other gainers included Titan, which rose by 0.62% to Rs 3,460.60, and Tata Consultancy Services (TCS), which saw a modest gain of 0.61%, closing at Rs 4,291.50.

The market’s underperformance is indicative of ongoing concerns among investors, who are reacting to various factors, including global uncertainties and domestic economic conditions. The consistent selling trend over the past several sessions highlights investor caution, leading to a general pullback in stock prices.

The current market trend raises questions about the short-term outlook for the Sensex and Nifty. While there were some individual stock performances that bucked the trend, the overall sentiment remained subdued. Market participants will likely keep a close eye on upcoming corporate earnings, global cues, and any economic policy changes that may influence investor confidence in the coming sessions.

As the trading week progresses, analysts suggest that the market could see further fluctuations, and the key levels to watch for would be the support and resistance zones for both the Sensex and Nifty. The upcoming weeks will be crucial in determining whether the markets can recover from this slump or if the downtrend will continue.

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