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Economy

Sensex, Nifty end lower; FMCG ,Tata stocks drag markets down

Benchmark equity indices, BSE Sensex and NSE Nifty50, ended Monday’s trading session lower. The Sensex dropped by 200.66 points to 81,508.46, while the Nifty50 declined by 58.80 points to settle at 24,619.

News Arena Network - Mumbai - UPDATED: December 9, 2024, 04:01 PM - 2 min read

Investors are now focused on U.S. consumer price inflation (CPI) data, which is due on Wednesday. (File photo)


Benchmark equity indices, the BSE Sensex and NSE Nifty50, closed lower in the first trading session of the week on Monday.

 

The 30-share Sensex dropped 200.66 points, or 0.25%, finishing at 81,508.46. The index traded between 81,783.28 and 81,411.55 during the day.

 

Similarly, the Nifty50 ended at 24,619, down 58.80 points, or 0.24%, from its previous close. The index ranged from a high of 24,705 to a low of 24,580.05.

 

Out of the 50 constituent stocks on the Nifty50, 30 ended in the red, with Tata Consumer, Hindustan Unilever, Tata Motors, Asian Paints, and Nestle India among the worst performers, losing up to 4.13%. On the other hand, Wipro, Larsen & Toubro, SBI Life, BPCL, and Tata Steel posted gains, rising as much as 2.67%.

 

In the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices closed higher by 0.50% and 0.19%, respectively. The FMCG sector was the biggest laggard, with the Nifty FMCG index falling 2.22%, weighed down by losses in Godrej Properties, Tata Consumer, and Marico.

 

The BSE MidCap index rose 0.32%, while the BSE SmallCap index advanced 0.46%, outperforming the benchmarks.

 

The Indian rupee ended slightly weaker against the US dollar on Monday, pressured by a decline in Asian currencies. The rupee closed at 84.73 per dollar, down from 84.6875 in the previous session. Analysts expect the rupee to face continued pressure amid the persistent strength of the US dollar.

 

Investors are now awaiting the release of US consumer price inflation (CPI) data on Wednesday, which is expected to impact future interest rate decisions and foreign inflows into emerging markets like India.

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