Sensex drops 13 points while Nifty trades around 17,200 in early trade

#BSE #CrudeOil #Nifty

Sensex was down 13.25 points or 0.02% at 57,793.24
Nifty fell 8.45 points or 0.05% to 17,205.15
Rupee rises 15 paise to 74.56 against the US dollar
Brent crude increased 0.25% to USD 79.41 per barrel

Written By:Yash

Updated: December 29 2021 07:31:05 PM ET

On Thursday, the Sensex and Nifty began shaky, reflecting losses in index heavyweights Reliance Industries, SBI, and ICICI Bank amid a mixed trend in global markets.

Sensex was down 13.25 points, or 0.02%, at 57,793.24. Likewise, the Nifty fell 8.45 points, or 0.05%, to 17,205.15.

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M&M, Axis Bank, Sun Pharma, L&T, Reliance, SBI, and ICICI Bank were the biggest losers in the Sensex pack, falling nearly 1.5%, followed by M&M, Axis Bank, Sun Pharma, L&T, Reliance, SBI, and ICICI Bank. On the other hand, Wipro, PowerGrid, Dr Reddy’s, Tech Mahindra and Titan were among the gainers.

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The broader indices were trading mixed with the BSE Midcap index falling 0.08%, while the Small cap index was up by 0.33%. The top gaining sectoral indices on the BSE were IT up by 0.63%, TECK up by 0.62%, Telecom up by 0.58%, Healthcare up by 0.27%, Consumer Durables up by 0.11%, while Oil & Gas down by 0.67%, Realty down by 0.65%, PSU down by 0.34%, Energy down by 0.30%, Utilities down by 0.26% were the top losing indices on BSE.

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The 30-share index fell 90.99 points, or 0.16%, in the previous session to end at 57,806.49. In addition, the broader Nifty fell 19.65 points, or 0.11%, to settle at 17,213.60.

In other Asian markets, Shanghai and Hong Kong bourses were up in mid-session trade, while Seoul and Tokyo were down. In the overnight session, stock markets in the United States closed on a mixed note.

According to stock exchange statistics, foreign institutional investors (FIIs) were net sellers in the capital market on Wednesday, offloading shares worth Rs 975.23 crore.

Meanwhile, Brent crude, the international oil benchmark, increased 0.25% to USD 79.41 per barrel. In early trade, the rupee rises 15 paise to 74.56 against the US dollar.