Sensex opens in red, falls 246 points amid global market uncertainty
The negative opening of the Sensex mirrors the growing concerns among investors over global economic uncertainties.
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The negative opening of the Sensex mirrors the growing concerns among investors over global economic uncertainties.
Among the top gainers were heavyweight stocks from the banking and IT sectors. HDFC Bank, ICICI Bank, and Infosys led the charge, contributing significantly to the Sensex’s gains.
Domestic Institutional Investors (DIIs) were net buyers of shares worth Rs 3,357 crore, while Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth Rs 3,531 crore. The Sensex and Nifty closed lower amid sector-specific movements and mixed market sentiments.
On August 1, Nifty closed above 25,000, and Sensex ended higher, buoyed by a surge in energy stocks. The Nifty rose 0.24% to 25,010, while the Sensex gained 0.15% to 81,867.
The Sensex gained a healthy 542.3 points (0.75%) over the week, while the Nifty 50 advanced by 183.75 points (0.84%). Notably, the Nifty 50 now sits just 100 points shy of the psychologically significant 22,000 mark.
This surge in Vodafone Idea's shares following a 20% jump on Friday, has ignited hope among investors eagerly awaiting clarity on the company's crucial fundraising plans.
The blue-chip Nifty 50 dipped 0.08% to settle at 21,714.15 points, while the S&P BSE Sensex closed 0.15% lower at 72,132.72. The drag came primarily from high-weightage sectors like financials (-0.25%) and information technology (-0.25%), reflecting profit-booking after their strong run in 2023.
While Christmas kept markets closed on Monday, the remaining days proved fruitful for investors in companies like Reliance Industries, HDFC Bank, ICICI Bank, Hindustan Unilever, Bharti Airtel, ITC, SBI, and LIC.
Sector-wise, the top-performing sectors included Healthcare, with a marginal increase of 0.18%, Dry Cells showing a robust 0.89% growth, Banks recording a 0.64% uptick, and Gas Distribution leading with an impressive 1.59% gain.