The BRICS TimesIndian stock market started the December 30, Tuesday trading day negatively. The main benchmark indices, BSE Sensex and NSE Nifty 50, opened trading in the red.
The Indian stock market began the second trading session of the week, Tuesday, December 30, on a downbeat note. The main benchmark indices, the BSE Sensex and NSE Nifty 50, started the day trading in negative territory.
Market Opening Overview
The 30-share BSE Sensex index opened with a 94.55 point or 0.11 percent decline. It started trading at the 84,600.99 level. Simultaneously, the NSE Nifty 50 slipped by 1.20 points. It opened the day at the 25,940.90 level.
Mid-Morning Trade Update
Around 9:25 AM, the BSE Sensex was trading lower by 204 points. The index was holding at the 84,491 mark. The Nifty 50 also dropped by 56 points. It was trading at the 25,886 level.
Top Performers and Laggards
The top gainers on the BSE were Axis Bank, Bharti Airtel, Adani Ports, and Reliance. Conversely, the top losers included Eternal, Tata Steel, Indigo, and HCLTech.
Recap of Monday’s Market Activity
Monday, December 29, saw a sharp fall in the Indian stock market. Both major benchmark indices closed trading in the red zone. The Sensex fell by 345.91 points or 0.41 percent. It closed the session at 84,695.54 points. The NSE Nifty 50 slipped by 100.20 points or 0.38 percent. It ended the trading day at the 25,942.10 level.
Monday’s Top Stocks
The top gainers from the BSE basket on Monday included Tata Steel, Asian Paint, Eternal, NTPC, and Axis Bank. The top losers were Adani Port, HCLTech, Power Grid, Trent, and Bharti Airtel.
Sectoral Performance
Indices like Nifty IT, Nifty Bank, Nifty Auto, Nifty 100, Nifty Midcap, and Nifty Smallcap all saw declines. However, Nifty FMCG stocks showed gains. On Monday, 7 shares from the BSE basket closed in the green. A total of 23 shares recorded a drop during the trading day.
