Share Market Opening Bell: Flat start of stock market on first day of New Year 2025
New Delhi| Sensex and Nifty are trading flat in early New Year 2025 trading. Apart from this, the rupee also opened flat. 1 paise to 85.63 against the US dollar in early trade. Foreign institutional investors (FIIs) were selling on Tuesday and sold shares worth a net Rs 4,645.22 crore, according to stock market data.
Domestic markets Sensex and Nifty recorded a decline in early trading in the first session of 2025 on Wednesday. The continued withdrawal of foreign capital has affected investor sentiments. Despite a positive start to trading, BSE Sensex fell by 171.81 points to 77,967.20 points. NSE Nifty slipped 46.4 points to 23,598.40 points after a sluggish start.
Shares of ICICI Bank, UltraTech Cement, Adani Ports, Tata Steel, Axis Bank, Maruti and Kotak Mahindra Bank among the 30 Sensex listed companies suffered losses. Shares of Asian Paints, Larsen & Toubro, Bajaj Finance, Infosys, HCL Tech and Bajaj Finserv were among the gainers.
The rupee fell five paise to 85.69 per dollar in early trade on Wednesday in the first session of the new year. The strengthening of the US currency in foreign markets and the continued withdrawal of foreign capital put pressure on the local currency. In the interbank foreign exchange market, the rupee opened at 85.63 per dollar and later reached 85.69 per dollar, representing a five paise fall from the previous closing price. The rupee had closed at a new all-time low of 85.64 against the US dollar on Tuesday, down 12 paise.
