MARKET UPDATE:Benchmark indices volatile; Sensex up 50 points at 58,837, while Nifty just 6 points higher at 17,567
Published On: Friday, February 4, 2022 | By: Team KnowMyStock
The Indian benchmark indices were volatile in early morning trade today (4th February 2022) after starting on a lower note as IT stocks traded weak in line with the US tech stock rout overnight. The BSE Sensex was up 50 points at 58,837, while the NSE Nifty was just 6 points higher at 17,567. Tata Steel was the top Sensex gainer, up 2 percent ahead of its Q3 earnings. Ultratech Cement, IndusInd Bank, HDFC Bank, power grid, Sun Pharma, Dr. Reddy's, L&T, SBI, and NTPC were the other gainers, up between 0.5-1.8 percent. On the flip side, Wipro, Titan, RIL, ITC, HCL Tech, TCS, Infosys, HUL, Maruti, Hero MotoCorp, and Tata Consumer were the top losers on the bourses. In the broader markets, the BSE MidCap index was marginally up by 0.05 percent, while the SmallCap index was trading 0.34 percent higher.
Among stocks, shares of Godrej Properties slumped 10 per cent to Rs 1,502.35 after its board approved an investment of Rs 400 crore in DB Realty (DBR), to acquire around 10 per cent stake through the issue of warrants.
On the upside, Thomas Cook (India) was trading nearly 5 per cent higher on the BSE on the back of its Q3 results. The holiday planners reported narrowed consolidated net loss at Rs 24.59 crore for the December quarter. The company had posted a consolidated net loss of Rs 66.24 crore in the same quarter last fiscal.
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