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Indian stocks drop 721 points on profit booking

The Business Guardian

|

January 04, 2025

Indian stocks took a breather after a three-day rally, with analysts partially attributing it to profit booking.

Indian stocks drop 721 points on profit booking

Sensex closed at 79,223.11 points, down 720.60 points or 0.90 per cent, while Nifty closed at 24,004.75 points, down 183.90 points or 0.76 per cent. Among the sectoral indices, Nifty bank, IT, pharma, healthcare, and financial services were the top losers today, NSE data showed.

"The markets took a pause after a three-day rally, shedding over half a percent. Sectoral trends were mixed, with energy and FMCG sectors ending in the green, while IT and pharma closed in the red. The broader indices mirrored the benchmark's movement, finishing with a decline of nearly half a percent each," said Ajit Mishra - SVP, Research, Religare Broking Ltd.

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