MARKET UPDATE:BSE Sensex up over 174 points at 60,570, and NSE Nifty at 18,047, higher by 44 points
Published On: Tuesday, January 11, 2022 | By: Team KnowMyStock
The Indian benchmark indices started on a positive note today(11th January 2022) extending the previous session's strong rally. The BSE Sensex was up over 174 points at 60,570, and the NSE Nifty was at 18,047, higher by 44 points. In the broader market, the BSE MidCap and SmallCap indices were also in the green zone and were up 0.2 and 0.6 percent, respectively. Among the Sensex-30 constituents, HDFC, NTPC, Ultratech Cement, PowerGrid, Sun Pharma, HUL, IndusInd Bank, Bajaj Finserv, Titan, and Dr. Reddy's were the top gainers, up between 0.4-1.6 percent. On the Nifty, Grasim, Tata Consumer, Shree Cement were the additional gainers. Meanwhile, Tata Steel, Bajaj Finance, Asian Paints, M&M, Kotak Bank, L&T, ICICI Bank, SBI, and Axis Bank were the top losers, down 0.3-4 percent on the BSE.
All sectoral indices were largely with Nifty Metals down over 1 per cent. Banks and Auto indices were also in the red zone. Pharma and IT, on the othe hand, were leading gains.
Among stocks, shares of Vodafone Idea crashed 15 per cent on BSE after the company said that the government will own almost 36 per cent in the wireless phone operator after its board approved conversion of dues into equity. This will result in dilution for all the existing shareholders of the company, including the founders, it said.
Tags: Indian benchmark indices on a positive note BSE MidCap and SmallCap in the green Vodafone Idea crashed 15%
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