- By Aditya Pratap Singh
- Fri, 03 Jan 2025 10:26 AM (IST)
- Source:JND
Stock Market Today: Domestic Benchmark equity indices fell in early trade on Friday as banks and IT stocks were dragged down ahead of the earnings season starting next week. Despite the positive start, the 30-share BSE Sensex fell 181.04 points to trade at a level of 79,762.67, while Nifty, the NSE's index, fell 56.55 points to 24,132.10.
Tech Mahindra, Infosys, Tata Consultancy Services, ICICI Bank, ITC, Sun Pharma, Kotak Mahindra Bank, and HDFC Bank were the major losers among the top 30 Sensex stocks. NTPC, Nestle, Tata Motors, and Adani were among the gainers.
In the Asian market, Seoul and Hong Kong were listed as positive territories, while Shanghai traded lower.
Also read: Stock Market: Sensex, Nifty Settle Nearly 2% Higher On Buying In Financial, IT Stocks
Foreign institutional investors, who had been net sellers for several days, turned buyers on Thursday. They bought shares worth Rs 1,506.75 crore, according to exchange data.
Global benchmark Brent crude oil rose 0.30 per cent to USD 76.16 per barrel. On Thursday, the Sensex rose 1,436.30 points, or 1.83 per cent -- its best single-day gain in over a month -- to 79,943.71. The Nifty rose 445.75 points, or 1.88 per cent, to 24,188.65.
The rupee fell 3 paise to 85.78 against the US dollar on Friday, driven by the strength of the US currency in overseas markets and a subdued trend in domestic stocks.
In the interbank foreign exchange market, the rupee opened at 85.77 and fell further to 85.78 against the US currency, down 3 paise from its previous close. The rupee fell 11 paise to a record low of Rs 85.75 against the US dollar on Thursday.
