Sunday, December 10, 2023

sensex today: ET Market Watch: Sensex ends 238 pts lower, Nifty below 19,100

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Hi everyone, I am Neha Vashishth Mahajan. Welcome to another episode of ET Market Watch – your daily podcast for daily market updates. Let’s hear the top highlights of the day. -Indian markets closed lower on Tuesday after opening with gains
-The markets logged their worst month in 2023 as elevated US interest rates triggered persistent sales by FIIs
-Sensex fell 238 points to settle at 63,874
-Nifty declined 61 points to end at 19,079

The top losers among Sensex stocks were Sun Pharma and M&M – falling over 2% each. Bharti Airtel, ICICI Bank, IndusInd Bank, and Reliance Industries also closed in the red. Titan, Kotak Bank, Asian Paints, HCL Tech, and Power Grid closed with gains.

Shares in news
KPIT Technologies shares ended 3.4% higher as the firm reported a 69.21% YoY increase in net profit for the September quarter.

-Smallcap stock DCX Systems rose 7.5% after the firm reported a 159.28% YoY increase in net profit for the second quarter ended September 30.

-Sector-wise, Nifty PSU Bank declined 0.67%, and Nifty Pharma fell 0.62%. Nifty Bank and Nifty Auto also closed lower. In the broader market, Nifty Midcap100 gained 0.37%, while Smallcap100 fell 0.06%.

Global Markets
World shares struggled today. The Japanese yen slid to near a one-year low against the dollar after the Bank of Japan’s move towards ending years of massive monetary stimulus underwhelmed some investors.

Oil and Rupee
Oil prices rebounded in Asian trade. January Brent crude futures rose 81 cents, to stand at $87.15 a barrel. US WTI crude increased 81 cents, to $83.11. The Indian rupee ended unchanged after holding in a narrow range through the session. Rupee closed at 83.25 to the US Dollar.

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