MARKET UPDATE: Sensex down over 60 points at 60,590 levels, while the Nifty50 was up 5 points at 18,048 level
Published On: Thursday, January 5, 2023 | By: Team KnowMyStock
Indian benchmark indices, which started with decent gains on Thursday, turned volatile as financial and IT stocks weighed while FMCG stocks lent support. The S&P BSE Sensex was down over 60 points at 60,590 levels after hitting an intra-day high of 60,877. The Nifty50 index, meanwhile, was up 5 points at the 18,048 level. Bajaj Finance was the top laggard on the Sensex index, down over 8 percent, after the consumer finance reported that assets under management (AUM) grew by 27 percent year-on-year (YoY), lower than market expectations, to Rs 2.30 trillion as of December 31, 2022.
Bajaj Finserv (down 4 per cent, Power Grid, IndusInd Bank, ICICI Bank, Axis Bank, HDFC Bank, and Titan were other top drags. On the upside, ITC, Sun Pharma, NTPC, Nestle India, and HUL were the lead gainers.
In the broader markets, the BSE MidCap and SmallCap indices were down up to 0.1 per cent.
Sector-wise, the Nifty FMCG index gained 1.3 per cent, while the Nifty Financial Services index dipped 0.7 per cent.
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