The first week of trading in 2024 has seen several highs and lows. This week began with the market seeing a dip, but by the middle of the week, it had begun to rebound. The stock market began trading in a narrow range Friday morning, which caused the market to gain ground after it had opened higher this morning.

Pharma and PSU bank indices dropped 0.3–0.5%, while the IT and capital goods indexes increased by 1% apiece. The BSE Smallcap index increased by 0.6%, whereas the BSE Midcap index was unchanged.

The afternoon saw a small decline in the BSE Sensex, but it quickly rose again. At 72,026.15, the Sensex finished with a gain of 178.58 points, or 0.25%. During the day, it increased by 308.91 points, or 0.42%, to 72,156.48. To 21,710.80, the Nifty increased by 52.20 points, or 0.24%.

Top Gainers And Losers Stocks

Larsen & Toubro, Tata Consultancy Services, Infosys, HCL Technologies, Hindustan Unilever, Axis Bank, ICICI Bank, and Wipro were among the Sensex firms whose shares finished positive. In contrast, the biggest losers were the stocks of Kotak Mahindra Bank, HDFC Bank, Asian Paints, JSW Steel, and Nestle India.

The stocks of Adani Ports, L&T, TCS, SBI Life Insurance, and LTIMindtree are among the top gainers on the Nifty. In parallel, there is a decrease in the trading of the stocks of Nestle India, Britannia Industries, UPL, JSW Steel, and Kotak Mahindra Bank.

The Indian rupee has benefited from the stock market’s increase. The rupee gained 8 paise versus the dollar after business’s last day. The opening price of the local currency versus the US dollar in the interbank foreign exchange market was 83.23. Following that, the rupee saw swings between an intraday low of 83.24 and a high of 83.12 vs the US dollar before closing at 83.16, or 8 paise higher than its previous close of 83.24.