After a promising start to the year’s proceeding on January 1 and 2, the Indian markets appear to have gone back to their cacoon of bearishness. The Sensex and Nifty have sunk in the intraday trade on January 3.
Markets In Red Again
The BSE Sensex, which is the oldest index in the Asian continent, dipped by more than half a percentage point on Friday.
The NSE Nifty was no different, as the index with a history of over three decades sunk as well.
Talking about the specifics, at the time of writing, the Sensex index dropped to 79,329.57 points, after declining by 614.14 points or 0.77 per cent.
The NSE Nifty index also deep cuts. The index dropped in value by 176.90 points or 0.73 per cent. This took the overall value of the index to 24,011.75.
This comes to pass after two consecutive days of gains, experienced by the Indian indices. Sensex opened higher at 80,072.99, compared to its previous closing of 79,943.71 points. This soon crumbled.
The NSE Nifty also enjoyed a good beginning to 2025, as the index surged in the two days of the new year.
The Gainers And Losers
When we look at the losers and gainers at Dalal Street this morning, the reds are in greater number compared to the greens.
Two Tata Group companies are leading the pack of green with Titan and Tata Motors surging with gains of over 1 per cent, The likes of Nestle, Maruti and IndusInd Bank were also trading in green.
When it comes to the laggards, Tech Mahindra and HDFC Bank were amongst the biggest losers with loses of over 2 per cent. The likes of TCS, ICICI Bank and Infosys were also trailing in the intrday trade.
Zomato continued diminish for the second consecutive day at the bourse.
