Sensex And Nifty Decline After A Seven Day Rally, The BSE Benchmark Gauge Zoomed 6,269.34 Points

Sensex And Nifty Decline After A Seven Day Rally, The BSE Benchmark Gauge Zoomed 6,269.34 Points

Indian benchmark equity indices, Sensex and Nifty, declined in early trading on Thursday; Following a robust seven-day rally, they were driven by profit-taking and a subdued trend in Asian markets. This downturn came after the Sensex surged by a significant 6,269.34 points (8.48%) and the Nifty climbed 1,929.8 points (8.61%) in the preceding seven sessions.

PTIUpdated: Thursday, April 24, 2025, 11:17 AM IST
article-image
File Image |

Mumbai: Equity benchmark indices Sensex and Nifty declined in early trade on Thursday amid profit-taking after a seven-day rally and muted trend in Asian markets.

The 30-share BSE benchmark declined 242.01 points to 79,874.48 in early trade. The NSE Nifty went down by 72.3 points to 24,256.65.

In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent and the Nifty jumped 1,929.8 points or 8.61 per cent.

From the Sensex firms, Eternal, Bharti Airtel, ICICI Bank, Mahindra & Mahindra, HCL Technologies, Reliance Industries, and HDFC Bank were among the laggards.

IndusInd Bank, Tech Mahindra, Nestle, Bajaj Finance, Axis Bank, and Tata Motors were among the gainers.

In Asian markets, South Korea's Kospi index, Shanghai SSE Composite, and Hong Kong's Hang Seng were trading lower while Tokyo's Nikkei 225 quoted in the positive territory.

US markets ended sharply higher on Wednesday. Nasdaq Composite jumped 2.50 per cent, S&P 500 surged 1.67 per cent and Dow Jones Industrial Average climbed 1.07 per cent.

Global oil benchmark Brent crude climbed 0.12 per cent to USD 66.20 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 3,332.93 crore on Wednesday, according to exchange data.

The BSE benchmark jumped 520.90 points or 0.65 per cent to settle at 80,116.49, the highest closing level since December 18, on Wednesday. The Nifty rallied 161.70 points or 0.67 per cent to 24,328.95.

Disclaimer: This story is from the syndicated feed. Nothing has been changed except the headline.

RECENT STORIES

Mumbai Sees Surge In Property Deals, Stamp Duty Revenue Crosses ₹1,100 Crore

Mumbai Sees Surge In Property Deals, Stamp Duty Revenue Crosses ₹1,100 Crore

Sun Pharma Q1 Net Profit Drops 20% To ₹2,279 Crore; Adjusted Profit Rises 6% To ₹2,996 Crore

Sun Pharma Q1 Net Profit Drops 20% To ₹2,279 Crore; Adjusted Profit Rises 6% To ₹2,996 Crore

India Fastest-Growing Major Economy; Trump's 'Dead Economy' Remark Misplaced: Analysts

India Fastest-Growing Major Economy; Trump's 'Dead Economy' Remark Misplaced: Analysts

Adani Realty Tops Hurun List As Most Valuable Unlisted Real Estate Firm At ₹52,400 Crore

Adani Realty Tops Hurun List As Most Valuable Unlisted Real Estate Firm At ₹52,400 Crore

Swiggy Q1 Net Loss Widens To ₹1,197 Crore Despite 52% Surge In Revenue

Swiggy Q1 Net Loss Widens To ₹1,197 Crore Despite 52% Surge In Revenue