Sensex, Nifty updates on 03 January 2024 – India’s benchmark indexes declined on Wednesday, dragged down by information technology and metal stocks, as global markets slid amid fading optimism about early U.S. interest rate cuts ahead of the release of the Federal Reserve minutes. The Sensex declined 535.88 points or 0.75 per cent, settling at 71,356.60, while the Nifty dropped 139.60 points or 0.64 per cent, concluding the day at 21,526.20. IT, the second-heaviest sectoral index, fell 2.52 per cent, its biggest intraday percentage drop since July 21, 2023. Analysts are bearish on the sector compared to others, ahead of quarterly results next week. The metal index shed 1.81 per cent.
