Sensex and Nifty Update- Weekly Market Trends and Highlights: Indian stock market indices ended the volatile trading session in the red on Friday, snapping a two-day winning streak. The continued selling pressure from foreign institutional investors and mixed Q3 earnings hit the market sentiments today. The Nifty index closed below the 23100 mark, after hitting an intraday high of 23347.30 in the afternoon session.
The BSE Sensex dropped 329.92 points or 0.43% to 76190.46, while the Nifty index prices declined 113.15 points or 0.49% to 23092.20. The FMCG and IT indexes gained today, while the realty, pharma, and oil &gas dragged the indices. The broader markets underperformed the benchmarks, as the Nifty midcap index was down by 1.55% and the Nifty smallcap index declined by 2.35%.
Sensex and Nifty Updates- Weekly Highlights
The Sensex and Nifty indices recorded modest losses over the week, mainly due to the concerns about potential disruptions in global trade arising from U.S. policies under recently elected President Donald Trump. The markets faced additional pressure from weaker domestic economic growth, mixed quarterly earnings, and continued selling by foreign portfolio investors (FPIs).
During the week ending on 24 January 2025, the BSE Sensex dropped 428.87 points or 0.56% to settle at 76190.46. The Nifty index declined 111 points or 0.48% to settle at 23092.20. The broader markets underperformed the equity benchmarks this week, the BSE midcap index was down 2.38% to close at 42715.63 and the BSE smallcap plunged 4.21% and finished at 50,107.51.
The weekly fall was mainly due to heavyweight correction in Reliance and Trent. Barring IT and FMCG all other sectoral indices closed in the red, with the Realty and Energy falling the most. FIIs were the net sellers during the week, they offloaded shares worth Rs 22504 Cr, while the DIIs were the net buyers and purchased Rs 17,577 Cr shares in the Indian markets.
Economic News Influenced Nifty and Sensex This Week
Last Friday, RBI data showed a report that the country’s forex reserves fell by $8.714 billion to $625.871 billion for the week ending January 10.
According to the latest data released on Friday, the HSBC Flash India Composite Output Index dropped to 57.9 in January from 59.2 in December, marking a 14-month low but staying above its long-term average of 54.7.
The slowdown was led by the service sector, while manufacturing saw some improvement, with the Manufacturing PMI rising from 56.4 to 58.0, its best performance since July 2024.
Conclusion:
The Indian stock markets ended the week on a cautious note, with the Sensex and Nifty witnessing losses amid global trade concerns, mixed corporate earnings, and sustained selling by foreign institutional investors. While sectors like IT and FMCG provided some support, broader market indices and heavyweight stocks dragged overall performance.
Going ahead, market sentiment will likely be influenced by global cues, economic data, and upcoming corporate results, making it crucial for investors to remain vigilant and selective in their approach.
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