MARKET UPDATE:Sensex down 400 points to 49,620 levels and the Nifty hovered around 14,350-mark


Published On: Monday, January 18, 2021 | By:

MARKET UPDATE:Sensex down 400 points to 49,620 levels and the Nifty hovered around 14,350-mark

The Indian equity markets in India slipped over half a percent in today's(18th January 2021) early deals, tracking similar cues from their Asian peers. The S&P BSE Sensex fell 400 points to 48,620 levels and the Nifty50 index hovered around 14,350-mark. ONGC (down 4%) was the top Sensex loser, followed by Bajaj Finance, Bajaj Finserv, and IndusInd Bank (all down 3%). On the other hand, HDFC Bank gained over 2 percent after recording an 18 percent rise in net profit at Rs 8,758.3 crore in the December quarter of the current fiscal year (Q3FY21), driven by robust growth in net interest income and other income. Among other individual stocks, shares of diagnostic chain Metropolis Healthcare rose 4 percent after the company said it will acquire Dr. Ganesan's Hitech Diagnostic Centre to strengthen its leadership position in southern India.

The Nifty sectoral indices were trading largely in the red, with the Nifty Metal index, down 3 per cent, leading the list of losers.

The broader markets, meanwhile, were worse-hit, with both the S&P BSE MidCap and SmallCap indices trading with over 2 per cent cut.

Mindtree, IndiaMart, Rallis India and 18 other companies will release their Q3 numbers today.

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