Category : Market Commentary
Headline : Post-Session: Sensex, Nifty trim gains to close almost flat in choppy trade
Date and Time : Jan-24-2023 16:46

Benchmark Sensex trimmed early gains to close marginally higher while Nifty settled flat in choppy trade on Tuesday as gains in auto shares were offset by selling pressure in banking and energy shares.

Among major gainers, Tata Motors rose the most by 3.26 per cent. Maruti rose by 3.23 per cent after its posted a two-fold jump in net profit for the December quarter on robust sales. HCL Tech, HDFC twins, Asian Paints, IndusInd Bank, TCS and ITC were among the gainers.

The 30-share benchmark index ended at 60978.75 up by 37.08 points or by 0.06 % and then NSE Nifty was at 18118.3 down by -0.25 points or by 0 %.

Sensex touched intraday high of 61266.06 and intraday low of 60849.12 The NSE Nifty touched intraday high of 18201.25 and intraday low of 18078.65

The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 422.10,+3.34%), Maruti Suzuki India Ltd. (Rs. 8698.60,+3.27%), HCL Technologies Ltd. (Rs. 1137.65,+1.47%), HDFC Bank Ltd. (Rs. 1695.30,+1.35%), Housing Development Finance Corporation Ltd. (Rs. 2766.00,+0.92%), among others.

The top losers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 910.05,-2.50%), Power Grid Corporation of India Ltd. (Rs. 221.00,-1.76%), Tata Steel Ltd. (Rs. 120.35,-1.35%), Kotak Mahindra Bank Ltd. (Rs. 1759.90,-1.31%), Larsen & Toubro Ltd. (Rs. 2207.05,-1.18%), among others.

Auto index was at 29637.83 up by 342.67 points or by 1.17%. Tata Motors Ltd. (Rs. 422.10,+3.34%), Maruti Suzuki India Ltd. (Rs. 8698.60,+3.27%), Tube Investments of India Ltd. (Rs. 2641.80,+2.28%), Bajaj Auto Ltd. (Rs. 3686.75,+1.73%), Samvardhana Motherson International Ltd. (Rs. 73.70,+0.55%),.

Metal index was at 21420.91 down by -261.98 points or by -1.21%. Steel Authority of India (SAIL) Ltd. (Rs. 90.90,-2.31%), Hindalco Industries Ltd. (Rs. 484.25,-1.89%), JSW Steel Ltd. (Rs. 722.30,-1.55%), Tata Steel Ltd. (Rs. 120.35,-1.35%), Coal India Ltd. (Rs. 227.50,-1.09%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3890 , shares advanced were 1660 while 2056 shares declined and 174 were unchanged.