Bearish start to 2024: Sensex and Nifty face negative opening

Mumbai (Maharashtra): The stock market kicked off the trading day on a bearish note as it opened low on Tuesday, encountering negative fluctuations. The benchmark indices, Sensex and Nifty, faced a dip in their initial values, reflecting the prevailing market sentiment.

The Sensex recorded a decline of 100.68 points, opening at 72,171.26, while the Nifty experienced a drop of 39.60 points, starting at 21,702.30. This downward trend set the tone for the day’s trading activity, prompting investors to closely monitor market movements.

At 10:18 am, Sensex was trading 337.32 points lower at 71,934.62, whereas Nifty was trading 88.10 points down at 21,653.80.

A closer look at Nifty companies revealed a mixed picture, with 20 advancing and 29 declining. Notable gainers among the Nifty companies included Divi’s Lab, Tata Consumer Products, Sun Pharma, Cipla, and Dr Reddy, while Ultra Cement, Eicher Motors, M&M, Adani Enterprises, and Infosys emerged as the top losers.

(With inputs from ANI)




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