BSE Sensex ended the day with marginal surge of 31.68 to 72,271 and Nifty50 gained 10 points to 21,741 on Monday. Nifty Bank declined 57 points to 48,234 and Nifty Midcap jumped 290 points to 46,472 on Monday.
Meanwhile, Trent shares hit fresh 52-week high but despite that declined 1.76% till 3:22 pm. Large cap Tata Group stock Trent Ltd shares gained nearly 122.68% in last 1-year (2023) and soared 44.71% in last 3-months.
Maruti Suzuki India Ltd shares declined 0.46% to 10251.65 apiece as it declared a 1.28% fall in total sales at 1,37,551 units in December 2023. It declared its total sales of 1,39,347 units in the same month a year ago.
Meanwhile, shares of Allcargo Logistics jumped over 7% as it will trade ex-bonus tomorrow.
Stocks like Tata Motors, Nestle, SBI, and ITC are the top gainers. While stocks like Bharti Airtel, Axis Bank, Hindustan Unilever, Tech Mahindra, and HCL Tech are major bears.
Sectoral indices like private banks, financials, and IT were in red, emerging as the top draggers of domestic market. However, bearish tone was limited due to gains in media, pharma, oil & gas, and PSU bank stocks.
Notably, Asian, US and European shares as they are closed due to the celebration of the new year.
For the domestic market, movement will be influenced according to the upcoming key factors especially the onset of Q3 earnings season for FY24 with IT companies lining up for their financial reports in early January. Also, a few immediate focuses of bulls and bears in the stock market will be on inflation data, interim Union Budget for FY25, RBI policy, and economic growth followed by the General Election 2024 trajectory.
Last week, on December 29th which is the last trading day of 2023, Sensex ended at 72,240.26 down by 170.12 points or 0.23%. Nifty 50 settled at 21,731.40, lower by 47.30 points or 0.22%. Also, Bank Nifty shed 216.30 points or 0.45% to close at 48,292.25.
Nevertheless, the Indian market’s 2023 has broadly been of strong bulls.
Sensex closed the year 2023 with gains of a massive 11,072.47 points or 18.10%, while Nifty 50 surged by 3,533.95 points or 19.42% to end at 21,731.40. In the last month of the year, Sensex and Nifty touched a new record high of 72,417.01 and 21,801.45.
