Indian stock market declines; Nifty down 183.90 points; cautious investor sentiment amid earnings season
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- Indian stock market downturn: The Nifty 50 and BSE Sensex both experienced declines today, with the Nifty down by 183.90 points (-0.76%) and the Sensex down by 720.60 points (-0.90%). This downturn is influenced by various economic factors, including recent CPI data and global market trends, as analysts speculate on potential rebounds in key indices .
- Market performance influenced by economic factors: The Indian stock market is facing challenges due to a range-bound trend, with economic indicators such as CPI easing and global inflation concerns impacting performance. Analysts warn that disappointing corporate earnings could lead to further market corrections .
- Market capitalization and trading trends: As of January 3, 2025, the NIFTY 50 index stood at 24,004.75, down by 183.90 points (-0.76%), with a market capitalization of 446.70 Lac Crs ($5.21 Trillion). The trading trend shows 18 advances and 32 declines among stocks .
- Investor sentiment turns cautious: Following a sell-off in heavyweight financial and IT stocks, investor sentiment has turned cautious ahead of the corporate earnings season. Foreign Portfolio Investors (FPIs) have withdrawn ₹4,285 crore in three trading sessions amid high valuations .
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