Stock market today: Nifty 50, Sensex end flat; BSE Smallcap hits fresh all-time high
Stock market today: Equity benchmarks the Sensex and the Nifty 50 ended flat on Tuesday, January 9, amid mixed global cues as investors await key macroeconomic numbers and the December quarter earnings of IT majors Infosys and TCS.
The December’s US Consumer Price Index (CPI) print is due on Thursday while India’s December CPI print will be out on Friday. Besides, the third quarter (Q3) earnings of IT majors TCS and Infosys on Thursday will influence the mood of the market.
After clocking strong gains in the last two months, the domestic market has been on a volatile track in January so far in the absence of fresh triggers. Market experts observe as most positives are already discounted, the market is witnessing profit booking at higher levels.
The focus now has shifted to the December quarter earnings, which must demonstrate strength to uphold the market’s high valuation.
Sensex closed the day at 71,386.21, up 31 points, or 0.04 per cent while the Nifty 50 settled at 21,544.85, up 32 points, or 0.15 per cent.
(More to come)
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Published: 09 Jan 2024, 03:30 PM IST
