Sensex down 40 points and Nifty at 8,272 points

On the first day of New Year, both BSE Sensex and Nifty were down on Thursday morning trading session due to selling pressure in IT, bank and energy stocks.

At 11:15 am, the BSE Sensex traded 39 points (-0.15%) lower at 27,459.44 points. Nifty was at 8,272 points down 10.70 points (-0.13%).

In morning, the Sensex was declined by 100 points at 27,397 points and Nifty was by 30 points at 8,248.75 points.

However, both the stock markets – BSE and NSE rebound from the choppy session in the morning and started gaining the momentum.

The three sectoral indices – IT, bank and energy were down by 0.5 per cent at BSE.

On the eve of New Year celebration, most of the Asian stock markets are closed today.

At BSE, other indices – BSE 100 was down by 0.06%, MidCap and SmallCap were gained by 50 points and 90 points respectively.

Gainers at BSE were MUTHOOTFIN (6.89%), RAJESHEXPO (+6.39%), ABN (+4.68), GVKPIL (4.64%) and ANDHRABank (4.44%).

At, Nifty out of the total 50 stocks, 24 stocks advanced and 25 stocks declined and one stock remained unchanged.

Gainers were NMDC (1.03%), PNB (0.87%), CIPLA (0.81), BHEL (0.79) and IDFC (0.73%).

On Wednesday, the US stock market ended lower following the slide in the energy stocks. The fall in the oil price in the international market tumbled energy stocks.