MOSt Market Round Up

Market Analysis

03 Jan 2025 | 5 Min Read

Equity benchmarks Nifty and Sensex dropped by nearly 1% due to profit booking.

Investors reduced exposure to bank, pharma, and IT stocks ahead of the upcoming earnings season.

Market sentiment was dampened by a depreciating rupee, weak December PMI data, and rising oil prices.

The decline in the US Index and a weak start in European markets impacted sentiment.

The surge in the USDollar was fueled by expectations that the US Federal Reserve would delay rate cuts.

Foreign Institutional Investors turned net buyers, purchasing equities worth Rs1,506.75 crore yesterday.