Stock Market Today 30 January 2024: Indian stock market indexes ended with major losses on Tuesday. The domestic markets opened higher following positive global cues, indices traded volatile in the morning session and then slipped into red.
The equity benchmarks traded in red in most of the session on the back of selling in heavyweight stocks including Bajaj Finance, Reliance Industries, ITC, and Bajaj Finserv companies. Meanwhile, investors remained cautious ahead of India`s interim budget, the Federal Reserve`s interest-rate decision, and a slew of key U.S. economic data due later this week for directional cues.
However, the downside was limited as traders took some encouragement after the finance ministry said India is expected to become the third-largest economy in the world with a GDP of $5 trillion in the next three years and touch $7 trillion by 2030 on the back of continued reforms.
Stock Market Today
The Nifty 50 index closed lower by 215.50 points or 0.99 percent and closed at 21522.10 levels while the Sensex was down by 801.67 points or 1.11 percent and finished at 71139.90 levels. The Bank Nifty index ended lower by 74.60 points or 0.16 percent on the spot level and closed at 45367.75 levels.
The broader markets closed mixed today, as the Nifty midcap index was down by 187.10 points or 0.39 percent and closed at 47791.95 levels. The Nifty smallcap index ended higher by 35.25 points or 0.23 percent at 15673.80 levels.
Nifty 50 Top Gainers & Losers
The top gainers in the Nifty 50 index were BPCL, Tata Motors, Grasim, Eicher Motors, and Adani Enterprise, and the top losers were Bajaj Finance, Titan, Ultratech Cement, Bajaj Finserve, and NTPC.
The top gainers in the Nifty midcap index were Zeel, Syngene, and Hind Petro and the top losers were Coromandel, Tube Invest, and Persistent.
The smallcap top gainers were IRB, Apar Industries, and Angel One while the top losers were Jubilant Ingrevia, KEI, and JK Lakshmi Cement.
The most active stocks in the Nifty index in terms of value were HDFC Bank, Bajaj Finance, and Reliance. The most active stocks in terms of volume were ONGC, ITC, and Tata Steel.
On the sectoral front, PSU Bank, Media, and Realty closed higher while the sectors that closed in the red were Energy, FMCG, and Pharma.
Global Stock Market Today
The other Asian stock market indexes mostly closed lower on Tuesday. The Hang Seng and Shanghai indexes closed sharply lower by 2.40% and 1.87% respectively, as investors are still struggling with the fallout from Evergrande’s liquidation order. Japan’s Nikkei 225 ended slightly higher by 0.11% as the country’s unemployment rate fell more than expected in December.
Australia’s S&P ASX 200 index was up by 0.29% for seven consecutive days. South Korea’s Kospi index erased early gain and closed slightly lower by 0.07%. The Straits Times closed in the positive territory, while the Taiwan SET Composite ended in the red today.
European stock markets are trading higher on Tuesday following the positive cues from Wall Street and as investors assessed the preliminary fourth-quarter gross domestic product (GDP) data for the eurozone.
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Editorial desk