MARKET UPDATE:Sensex 290 points lower at 61,017 and Nifty down by 94 points at 18,213
Published On: Tuesday, January 18, 2022 | By: Team KnowMyStock
The Indian benchmark indices today (18th Jan.2022) were seen coming under selling pressure in early morning deals after a positive start. The BSE Sensex was 290 points lower at 61,017 and the NSE Nifty was down by 94 points at 18,213. The two indices were down by up to 0.5 percent. On the Sensex, only 8 stocks were now in green, as investors booked profits in others. Losses in RIL, Infosys, HDFC, down ( down 0.7 percent each, Maruti (down 3 percent), and Ultratech Cement (down 2 percent) contributed maximum to the index's losses. On the Nifty, Eicher Motors, UPL, Tata Consumer, Divis's Lab, and Grasim were the additional losers. The broader markets, too, were muted in line with the benchmarks. The BSE MidCap and SmallCap indices were now up to 0.6 percent lower.
Among sectors, losses were being led by auto-pack, down 1 per cent on the NSE, followed by healthcare, IT, FMCG.
On the flip side, the Nifty Realty index was bucking the overall trend and was up 0.7 per cent. From the lot, shares of Prestige Estates Projects hit a record high at Rs 553.40, on rallying 8 per cent on the BSE after the real estate company said it registered highest ever quarterly sales of Rs 4,267 crore, up 111 per cent year on year (YoY) during October-December quarter (Q3FY22).
Shares of Cholamandalam Investment and Finance Company were up nearly 2 per cent on the BSE after the NBFC on Monday said it plans to acquire 72.12 per cent stake in fintech payment solutions provider Payswiff Technologies Private for Rs 450 crore.
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