Stock Market Opening January 31: Indices Open In Red; Sensex At 70,938.34 & Nifty Below 21,500

Stock Market Opening January 31: Indices Open In Red; Sensex At 70,938.34 & Nifty Below 21,500

From the Sensex pack, Sun Pharma, NTPC, Titan, Tata Motors, and Nestle India were among the major gainers in the morning session whereas LT, Kotak Bank, Axis Bank, Hindustan Unilever, and Infosys were among the laggards.

Oliviya KunjumonUpdated: Wednesday, January 31, 2024, 09:27 AM IST
article-image
Markets In Red | Representative Image

The markets opened lower on Wednesday with Sensex at 70,938.34, down by 201.56 points, and Nifty at 21,482.90, down by 39.20 points.

Nifty Bank in the morning session was trading lower at 45,191.60, down by 176.15 points or 0.39 per cent.

From the Sensex pack, Sun Pharma, NTPC, Titan, Tata Motors, and Nestle India were among the major gainers in the morning session whereas LT, Kotak Bank, Axis Bank, Hindustan Unilever, and Infosys were among the laggards.

Market on Tuesday

The benchmark indices ended lower on Tuesday. The 30-share BSE Sensex closed at 71,139.90, down by 801.67 points or 1.11 per cent. Meanwhile, the NSE Nifty ended the day at 21,522.10, shedding 215.50 points or 0.99 per cent. Nifty Bank fell 74.60 points or 0.16 per cent at 45,367.75.

Earnings

Shree Cement, Sun Pharma, Ambuja Cements, Adani Wilmar, Bank of Baroda, Maruti Suzuki, Dabur India, Dixon Technologies, GMR Airports, Godrej Consumer Products, IRB Infrastruture, Jindal Steel, Jubilant Foodworks, Jyothy Labs, Kalyan Jewellers, Mankind Pharma, Motherson, Suzlon Energy, PVR Inox are among the others scheduled to announce their quarterly earnings today.

Global Markets

The US markers on Tuesday ended on a negative note. The S&P 500 dropped by 0.06 per cent and finished at 4,924.97 points. The Nasdaq Composite Index went down by 0.76 per cent to reach 15,509.90 points, while the Dow Jones Industrial Average increased by 0.35 per cent and closed at 38,467.31points.

Oil prices

On Tuesday, oil prices increased due to a positive global economic growth forecast and rising tensions in the Middle East. The March Brent crude futures, expiring on Wednesday, went up by 47 cents to close at US dollar 82.87 a barrel and the U.S. West Texas Intermediate crude also rose, closing up US dollar 1.04, or 1.35 per cent, at US dollar 77.82.

RECENT STORIES

Gold Shines Bright: Jumps ₹400 To Breach ₹74,000 Mark; Silver Hits Fresh Peak

Gold Shines Bright: Jumps ₹400 To Breach ₹74,000 Mark; Silver Hits Fresh Peak

'Ethylene Oxide Presence': Singapore Issues Recall On Everest Fish Curry Masala Due To Harmful...

'Ethylene Oxide Presence': Singapore Issues Recall On Everest Fish Curry Masala Due To Harmful...

Ford Territory Name Trademarked in India, Set to Compete with Mahindra XUV700 and Tata Harrier

Ford Territory Name Trademarked in India, Set to Compete with Mahindra XUV700 and Tata Harrier

5-Month-Old Ekagrah Murty To 'Earn' ₹4.2 Crore From Infosys' Blockbuster Earnings Dividend

5-Month-Old Ekagrah Murty To 'Earn' ₹4.2 Crore From Infosys' Blockbuster Earnings Dividend

'Torn And Taped': X User Shares His Ordeal After SBI ATM At Delhi Airport Dispenses Damaged ₹500...

'Torn And Taped': X User Shares His Ordeal After SBI ATM At Delhi Airport Dispenses Damaged ₹500...