Share Market Highlights: Sensex ends 746 points lower, Nifty at 14,371; Asian Paints, SBI, HDFC top losers January 22,2021 16:00 IST
Sensex, Nifty Highlights on January 22: Market indices continued yesterday s fall and closed at day s low on Friday amid profit booking, in line with weak global equities. Sensex ended 746 points lower at 48,878 and Nifty closed 218 points lower at 14,371. HDFC, ONGC, ITC, L&T, RIL, NTPC were among the top losers today, while Bajaj Auto, Maruti, M&M, TCS, HUL were among the top gainers on Sensex pack. Yesterday, Sensex closed 167 points lower at 49,624, Nifty fell 54 points to end at 14,590. Globally, markets traded deep in red today, signalling profit booking amid heavy valuations, given ample liquidity, high earnings growth and positive geopolitical cues.
Read more about Shares turn volatile; Nifty below 14,600 on Business Standard. In broader market, the S&P BSE Mid-Cap index was up 0.3% while the S&P BSE Small-Cap index was up 0.11%.
Shares of consumer durables companies, including electronics products and household appliances, were on a roll at the bourses on Thursday after Havells India reported a strong set of numbers for the quarter ended December 2020 (Q3FY21) on the back of strong festive demand, market share gains and increased penetration in smaller towns. Havells India, Polycab India, V-Guard Industries, Orient Electric, Voltas, Crompton Greaves Consumer Electricals and Whirlpool of India were up between 5 per cent and 10 per cent on the BSE on Thursday. Out of the top 10 gainers from the S&P BSE500 index, six stocks are from these sectors on the BSE, at 10:31 am.
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The market started off on a strong note, extending the previous two-day rally to hit a fresh record high amid positive global cues, but lost all gains in the last hour of trade due to profit booking and closed in the red on January 21.
The BSE Sensex crossed the psychological 50,000 mark for the first time on January 21 but closed the session 167.36 points lower at 49,624.76, while the Nifty50 ended at 14,590.40, down 54.30 points after hitting a life high of 14,753.55 and formed a bearish candle which resembles a Dark Cloud Cover kind of pattern on the daily charts.
Bulls unstoppable for 5th day on Dalal Street; Nifty eyeing 14K
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The 30-share pack Sensex climbed 259.33 points or 0.55 per cent to 47,613.08. Its broader peer Nifty 50 advanced 59.40 points or 0.43 per cent to 13,932.60.
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Both Sensex and Nifty closed the day at fresh highs.
NEW DELHI: There was no stopping bulls on Dalal Street who binged on bank and IT stocks on Tuesday, taking benchmark indices higher for the fifth straight session, amid strong global cues.
Possibility of bigger checks to Americans raised the risk appetite on Dalal Street as a massive infusion of money in the system will add to the liquidity. At the same time, volatility indicator has also risen, reflecting nervousness among traders.