Category : Market Commentary
Headline : Mid-Session: Nifty slides below 17,900 level; oil & gas stocks tumble
Date and Time : Jan-25-2023 12:32

Domestic bourses continued to extend losses during the noon trading as weak global cues and sluggish growth outlook of companies spooked investors.

At 12:20 hours, the 30-share benchmark index was trading at 60275.3 down by -703.45 points or by -1.15 % and then NSE Nifty was at 17901 down by -217.3 points or by -1.2 %.

Sensex touched intraday high of 60899.21 and intraday low of 60081.36 The NSE Nifty touched intraday high of 18100.6 and intraday low of 17846.15

The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 8790.00,+1.05%), Hindustan Unilever Ltd. (Rs. 2612.00,+0.52%), Tata Steel Ltd. (Rs. 120.65,+0.25%), Bharti Airtel Ltd. (Rs. 775.60,+0.01%), among others.

The top losers of the BSE Sensex pack were State Bank of India (Rs. 571.35,-3.87%), IndusInd Bank Ltd. (Rs. 1176.70,-2.94%), HDFC Bank Ltd. (Rs. 1656.90,-2.27%), ICICI Bank Ltd. (Rs. 851.80,-2.18%), UltraTech Cement Ltd. (Rs. 6695.85,-1.76%), among others.

Auto index was at 29597.43 up by -40.4 points or by -0.14%. TVS Motor Company Ltd. (Rs. 1022.55,+3.69%), Bajaj Auto Ltd. (Rs. 3725.35,+1.09%), Maruti Suzuki India Ltd. (Rs. 8790.00,+1.05%), Hero MotoCorp Ltd. (Rs. 2782.95,+0.35%), UNO Minda Ltd. (Rs. 499.60,+0.28%),.

Power index was at 4367.32 down by -98.56 points or by -2.21%. Adani Transmission Ltd. (Rs. 2620.00,-4.94%), Adani Power Ltd. (Rs. 261.50,-4.84%), Adani Green Energy Ltd. (Rs. 1852.05,-3.21%), Tata Power Company Ltd. (Rs. 201.95,-1.85%), ABB India Ltd. (Rs. 2893.30,-1.69%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3641 , shares advanced were 926 while 2567 shares declined and 148 were unchanged.