Today market closed
lower side, losing most of the gains from the previous session due to selling
across sectors. The 30-pack Sensex ended the day at 60,115.48, down 631.83
points, or 1.04%, and the Nifty ended the day at 17,914.20, down 187 points, or
1.03%.The market started on a negative note after a smart recovery in the
previous session. The selling continued throughout the day, with the Nifty
falling below 17,900 during the intraday session. Some of the intraday losses
were erased thanks to last-minute buying.Bharti Airtel, Adani Enterprises,
Eicher Motors, Adani Ports, and SBI were among the Nifty's biggest losers. Tata
Motors, Hindalco Industries, Apollo Hospitals, Power Grid Corp., and Divis Labs
were the winners.The Nifty PSU bank index dropped 2.6%, while the Nifty Bank
and infra indices each fell 1%.
The FMCG index was down 0.4%, the IT index was down 0.7%, the real estate index
was down 0.68%, and the banknifty was down 1%. However, the metal index
increased by 0.66 percent.Adani Enterprises, Indiabulls Housing Finance, and
Tata Motors all experienced a volume increase exceeding one hundred percent
among individual stocks.Adani Enterprises, Punjab National Bank, and Intellect
Design Arena all experienced brief builds, while BPCL, Havells India, and Max
Financial Services experienced lengthy builds.
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Tuesday, January 10, 2023
MARKET IN REVERSE GEAR
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