MARKET UPDATE:Sensex down 541 points at 58,496 and Nifty at 17,446, lower by 171 points
Published On: Monday, January 24, 2022 | By: Team KnowMyStock
The Indian benchmark indices extended their opening losses amid broad-based selling today(24th January 2022). The BSE Sensex was down 541 points at 58,496 and the NSE Nifty was at 17,446, lower by 171 points. Bajaj Finance was the top loser on the Sensex, down 3 percent, followed by Tech M, Wipro, Bajaj Finserv, Titan, Asian Paints, Infosys, Tata Steel, Ultratech Cement, HCL Tech, Dr. Reddy's, Kotak Bank, Axis Bank, HDFC Bank, and TCS. On the Nifty, Divis Labs and Hindalco were the top losers, down 5 and 3 percent, respectively. Sectorally, the NiftyConsumer Durables, IT, Metals, and Realty were now down over 2 percent each. Financials, auto, and pharma were 1 percent lower.
In the broader markets, the BSE MidCap and SmallCap indices were trading nearly 2 per cent and 2.5 per cent lower, respectively.
Moreover, shares of Vodafone Idea dipped 5 per cent on the BSE after the company’s losses widened 59.5 per cent to Rs 7,230 crore in Q3 FY2022 on a year-on-year (YoY) basis amid fall in revenue and subscribers. With today’s decline, the stock has corrected 33 per cent from its 52-week high of Rs 16.79 touched on December 10, 2021.
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