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The Indian stock market ended lower on Monday, 5 January, despite positive global cues as investors booked profits in select heavyweights amid increased geopolitical tensions after the US military attacked Venezuela and captured Venezuelan President Nicolas Maduro and his wife.

However, the US attacks on Venezuela did not deal any significant blow to global markets. In Asia, Japan's Nikkei and Korea's Kospi jumped over 3% each, while China's Shanghai Composite rose by over 1%. In Europe, Germany's DAX rose by over a per cent. The UK's FTSE and France's CAC 40 were in the green when the Sensex closed.

The Sensex fell 322 points, or 0.38%, to end at 85,439.62, while the Nifty 50 ended at 26,250.30, down 78 points, or 0.30%. The mid and small-cap indices outperformed; the BSE Midcap index inched up by 0.05% and the Smallcap index rose by 0.07%.

Market benchmarks ended lower on profit booking in select heavyweights, including HDFC Bank, Infosys, and Reliance Industries, as investors remain cautious ahead of the start of the Q3 earnings season. Moreover, US President Donald Trump's fresh warning on tariffs against India for buying Russian oil.

According to news agency Reuters, Trump has warned that Washington can raise tariffs on India due to Russian oil purchases.

Nestle India (up 2.76%), BEL (up 2.53%), and Eicher Motors (up 2.17%) ended as the top gainers in the index.

HDFC Bank (down 2.31%), Wipro (down 2.23%), and Infosys (down 2.21%) ended as the top losers in the index. As many as 27 stocks ended in the red in the index.

Sectoral indices ended mixed, with Nifty Realty rising 2.07% and IT falling 1.43%.

The Consumer Durables index rose 1.12%, while the Oil and Gas index fell 1.02%. Nifty FMCG (up 0.68%), Media (up 0.62%), and Metal (up 0.60%) ended with decent gains.

Nifty Bank fell 0.18% to end at 60,044.20.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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