Gloria Terra
Thursday, January 09
1 week ago
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INDIATIMES
Credited from: INDIATIMES
Stock market update: The Indian equity benchmark indices, BSE Sensex and Nifty50, experienced significant declines recently. On January 9, 2025, BSE Sensex fell to 77,943.31, down over 205 points or 0.26%, while Nifty50 dropped to 23,632.40, down 57 points or 0.24% as investor concerns grew amid volatility.
Previously, on January 8, 2025, the indices opened positively but quickly turned negative, with BSE Sensex trading at 78,045.67 and Nifty50 at 23,673.40. Analysts have noted a potential consolidation range for Nifty between 23,500 and 23,900, suggesting that directional clarity may only emerge after a breakout from these levels. As Siddhartha Khemka, Head - Research at Motilal Oswal, indicated, “We expect markets to remain volatile until concerns relating to the new virus ease out.”
Market sentiment has been further affected by rising U.S. bond yields and expectations of fewer rate cuts from the U.S. Federal Reserve, following robust economic data. Foreign portfolio investors (FIIs) demonstrated net selling of shares worth Rs 2,575 crore, while domestic institutional investors (DIIs) purchased shares worth Rs 5,749 crore during this period. For more details, visit the original articles from India Times (January 8) and India Times (January 9).
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