Tuesday, January 10, 2023

MARKET IN REVERSE GEAR

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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