Markets Rise Over 20 Percent In 2023 But Dip On Last Trading Day

Equity indices Sensex and Nifty fell on the last trading day of 2023 as investors opted for profit-taking following the recent sharp rally, capping off a record-breaking year that saw benchmarks rise by much to 20 percent.

After a shaky start, the 30-share BSE Sensex slid 170.12 points or 0.23 percent to 72,240.26. During the day, it fell 327.74 points or 0.45 percent to 72,082.64.

State Bank of India, Infosys, Titan, Tech Mahindra, IndusInd Bank, NTPC, ICICI Bank, Power Grid, Reliance Industries, and Kotak Mahindra Bank were the top laggards on the Sensex.

Among the gainers were Tata Motors, Nestle, Hindustan Unilever, Tata Steel, Bajaj Finance, and UltraTech Cement.

In Asian markets, Tokyo finished lower, while Shanghai and Hong Kong finished higher. South Korean Markets were closed.

European markets were trading in the green.

On Thursday, the US markets ended on a mixed note.

Brent crude gained 0.86 percent to USD 77.81 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought securities worth Rs 4,358.99 crore on Thursday.

In 2023, the BSE benchmark soared 11,399.52 points or 18.73 percent, while the Nifty surged 3,626.1 points or 20 percent.

The Sensex jumped 1,904.07 points or 2.70 percent, in the last five trading sessions, while the Nifty strengthened 628.55 points or 2.97 percent.

The BSE benchmark advanced 371.95 points, or 0.52 percent, for the fifth day in a row, ending at an all-time closing high of 72,410.38 on Thursday. The Nifty went up 123.95 points, or 0.57 percent, to a new high of 21,778.70.

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