MARKET UPDATE:BSE Sensex 926 points down at 56,931, while the NSE Nifty at 17,013, down by 264 points
Published On: Thursday, January 27, 2022 | By: Team KnowMyStock
The Indian benchmark indices opened on a sharply lower note and were down up to 1 percent today(27th January 2022) amid weak global cues and a possibility of rate hikes by the Federal Reserve from March. The BSE Sensex was 926 points lower at 56,931, while the NSE Nifty was at 17,013, down by 264 points. In the broader market, the BSE MidCap and SmallCap indices were also in red and were down up to 1.6 percent. All Sensex-30 shares were trading in the negative territory barring Axis Bank, Maruti, and IndusInd Bank. Titan, Wipro, Tech M, HDFC twins, Infosys, Nestle, Dr. Reddy's, HCL Tech, Tata Steel, Bajaj twins, TCS, and Ultratech Cement were the top losers, down 2-3 percent. On the Nifty, ONGC was the sole gainer, up 2 percent. Meanwhile, Grasim, Eicher Motors, and Divis Labs were the additional losers. The fear gauge that is the volatility index was also up 7.6 percent around 23 levels, reflecting nervousness among investors.
Sectorally, the Nifty IT, Pharma and Consumer Durables were leading the losses, down over 2 per cent each. These were followed by Auto, Bank, Financial services, Realty and Metal indices. However, Nifty PSU Bank was the only index in green, up 0.12 per cent.
Among stocks, Indiabulls Real estate was down 5 per cent on the BSE after the company's Q3 performace was disappointing. The company on Tuesday reported a consolidated net loss of Rs 87.21 crore for the quarter from a net profit of Rs 80.58 crore in the year-ago period.
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