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The broader
Among the Sensex firms, Kotak Mahindra Bank, UltraTech Cement, Mahindra & Mahindra, Larsen & Toubro, ICICI Bank, IndusInd Bank, Wipro and Hindustan Unilever were the major laggards.
Sun Pharma, Bajaj Finance, Bharti Airtel, Reliance Industries, Bajaj Finserv and Titan were among the winners.
The market extended yesterday’s last hour’s sell-off, taking negative cues from Asian peers due to weak Chinese manufacturing data and mounting tensions in the Red Sea, which has the potential to disrupt global trade and crude supplies,” Vinod Nair, Head of Research at Geojit Financial Services said.
“Ahead of the impending results season, investors are adopting a profit booking strategy. Auto stocks declined on below-expected volume numbers, while pharma stocks were the standout due to catch-up in the US economy,” Nair added.
In Asian markets, Shanghai and Hong Kong settled lower while Seoul ended in the green. European markets were mostly trading in positive territory.
Asian, European and US markets were closed on Monday for the New Year.
Global oil benchmark Brent crude jumped 2.05% to USD 78.58 a barrel.
Foreign institutional investors (FIIs) offloaded equities worth Rs 855.80 crore on Monday, according to exchange data.
The BSE gauge eked out a modest gain of 31.68 points or 0.04% to settle at 72,271.94 after a muted beginning on Monday. The Nifty went up 10.50 points or 0.05% to 21,741.90.
In 2023, the BSE benchmark jumped 11,399.52 points or 18.73%, and the Nifty climbed 3,626.1 points or 20%.