Breaking News
Sensex, Nifty fall for second day running in 2024 on profit taking in bank and IT stocks

The broader Nifty declined by 76.10 points or 0.35% to close at 21,665.80. As many as 31 Nifty shares declined while 19 advanced.

Among the Sensex firms, Kotak Mahindra Bank, UltraTech Cement, Mahindra & Mahindra, Larsen & Toubro, ICICI Bank, IndusInd Bank, Wipro and Hindustan Unilever were the major laggards.

Sun Pharma, Bajaj Finance, Bharti Airtel, Reliance Industries, Bajaj Finserv and Titan were among the winners.

The market extended yesterday’s last hour’s sell-off, taking negative cues from Asian peers due to weak Chinese manufacturing data and mounting tensions in the Red Sea, which has the potential to disrupt global trade and crude supplies,” Vinod Nair, Head of Research at Geojit Financial Services said.

“Ahead of the impending results season, investors are adopting a profit booking strategy. Auto stocks declined on below-expected volume numbers, while pharma stocks were the standout due to catch-up in the US economy,” Nair added.

Breaking News
Russia kicked off the new year with a record-breaking exploding drone attack on Ukraine and threats of more to come

Russian forces launched a record number of explosive-laden one-way attack drones at targets across Ukraine on New Year’s Day, the Associated Press reported.

The attack involving 90 Shahed-style drones followed an attack on Russian territory Saturday that killed at least 25 people, according to Russian officials. It was one of the deadliest attacks on Russian soil since the country invaded Ukraine 22 months ago.

And that attack was preceded by a massive barrage of Ukraine involving more than a hundred missiles and dozens of drones that is said to have killed at least 30 people and injured at least 140 others.

During a hospital visit on New Year’s Day, Russian President Vladimir Putin said his country would “intensify” its attacks against Ukraine and that more strikes will come.

The Ukrainian air force claimed that 87 of the drones launched in Russia’s New Year’s Day attack were shot downed by its air defenses, per Reuters. Still, there were casualties.