After a stellar year, Nifty, Sensex end 2023's last trading session in the red

Domestic markets concluded the final trading session of 2023 in negative territory, halting a five-day winning streak due to profit-taking among investors. The decline primarily impacted banking and IT sectors, which hold significant weight in the Nifty and Sensex.

The Sensex, comprising 30 shares, dipped by 170 points, settling at 72,240. Similarly, the Nifty 50 saw a decrease of 47 points, concluding the day and year at 21,731. Despite this downturn, the market exhibited a preference for advancing stocks. Out of the total, 1,758 shares progressed, 1,533 shares declined, and 54 remained unchanged.

Overall, both the Nifty 50 and BSE Sensex, as well as broader market indices, wrapped up 2023 on a positive note. These benchmark indices remained close to their all-time highs, exhibiting gains of 20 percent and 18 percent, respectively, over the course of the year.