Market news: Nifty, Sensex open in red as IT and pharma stocks fall

The stock market opened in the red on Friday in a huge contrast to the significant gains it made around the closing time of the previous session.

Updated on: Jan 3, 2025, 10:18:28 IST

By HT News Desk

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The stock market opened in the red on Friday, January 3. At 9:30am, the benchmark BSE Sensex down by 248.13 points or 0.31%, reaching 79,695.58.

People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020 (Francis Mascarenhas/Reuters)

Meanwhile, the broader NSE Nifty was down by 57.45 points or 0.24%, reaching 24,131.20.

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Which stocks fell the most?

Among the 30 Sensex stocks, Infosys Ltd fell the most at 0.95%, trading at ₹1,939.10. This was followed by ITC Ltd which was down 0.95%, trading at ₹484.60, and Tata Consultancy Services Ltd (TCS) which fell 0.94%, trading at ₹4,145.05.

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Which sectors fell the most?

Among the Nifty Sectoral Indices, Nifty Pharma fell the most by 0.59%, reaching 23,413.75. This was followed by Nifty Healthcare Index, which was down by 0.58%, reaching 14,988.20, and Nifty IT, which was down 0.54%, reaching 44,114.05.

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How did stock market perform yesterday?

The stock market ended in the green yesterday, with the Sensex closing at 78,507.41, which was a gain of 1,436.3 points or 1.83%, while the Nifty closed at 23,742.9, which was a gain of 1.88%.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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