Stock Market Today: Sensex Falls Over 500 Points, Nifty Drops Below 24,200 As IT, Bank Stocks Decline
Indian markets demonstrated positive momentum on Thursday, marking the second consecutive day of gains in 2025. The Nifty posted a notable 2 per cent increase, its highest rise since late November
Stock Market Today: The BSE Sensex and Nifty50, India's key equity indices, opened flat on Friday. The Sensex was around 79,900, while the Nifty50 hovered near 24,200. At around 10 am, the Sensex dropped 487.97 points, or 0.61 per cent, to 79,455.74, while the Nifty fell 120.60 points, or 0.50 per cent, to 24,068.05. A total of 2,083 stocks advanced, 1,054 declined, and 100 remained unchanged.
Indian markets demonstrated positive momentum on Thursday, marking the second consecutive day of gains in 2025. The Nifty posted a notable 2 per cent increase, its highest rise since late November. Investors are expected to closely watch the upcoming pre-quarterly business updates for insights into the upcoming earnings season. Market analysts predict a continued upward trend in the coming days, with a focus on Q3 results and global market indicators as international exchanges reopen after the holiday break.
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "The uncanny ability of the market to surprise was evident in yesterday’s massive 445 point rally in Nifty. Even though FII buying helped in the rally, at Rs 1506 crores net buying it was not good enough to trigger such a massive 1.8 per cent rally in Nifty. Short covering in certain beaten down fundamentally strong stocks like the Bajaj Twins and sharp spurts in auto stocks assisted by better-than-expected December sales numbers have contributed to the rally.
US markets ended lower amidst volatile trading, influenced by labour market data, a strengthening dollar, and a decline in Tesla's shares.
Asian markets showed resilience, brushing off the negative sentiment from the US, where stocks fell for the fifth consecutive session, signalling a cautious start to the year.
Gold prices rose on Friday, building on a 1 per cent increase from the previous session, driven by risk-averse investing. Market focus remained on the Federal Reserve's interest rate outlook and the incoming US President's proposed trade policies.
Foreign institutional investors (FIIs) turned net buyers with purchases worth Rs 1,506 crore on Friday, while domestic institutional investors (DIIs) bought shares worth Rs 22 crore.
FIIs' net short position decreased from Rs 2.34 lakh crore on Wednesday to Rs 2.02 lakh crore on Thursday.
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