Sensex, Nifty open in green on Monday, Jan 16; HDFC Bank shares rise 1%, Avenue Supermarts shares fall 6%

2022-12-31

Indian equity indices extended Friday’s gains and opened in green on Monday, January 16. The 30-share BSE benchmark rose 260.42 points or 0.43% to 60,521.60 and the NSE Nifty 50 rose 80.05 points or 0.45% to 18,036.65. The top gainers of the Nifty were HDFC Bank, Bajaj Finserv, IndusInd Bank, Bajaj Finance and HDFC Life while JSW Steel, BPCL, ONGC, Coal India and Larsen & Toubro were the top losers.

Sectoral Indices

In the sectoral indices, Nifty Bank was up 0.33%, Nifty Pharma rose 0.20%, Nifty IT was up 0.14%, Nifty PSU Bank was up 1.09% while Nifty Auto was down 0.47%. The volatility index India VIX was up 4.33%.

Asian and US stock markets

China’s Shanghai composite index rose 46.04 points or 1.44% to 3,241.35 on Monday, Hong Kong’s Hang Seng climbed 142.63 points or 0.66% to 21,881.29 while Japan’s Nikkei 225 fell 316.08 points or 1.21% to 25,803.44. US stock indices on Friday ended marginally in green with Dow Jones Industrial Average (DJIA) rising 112.64 points or 0.33% to 34,302.61, S&P500 climbed 15.92 pts or 0.40% to 3,999.09 and the tech-heavy Nasdaq index advanced 78.05 pts or 0.41% to 11,079.16.

FII and DII data

Foreign institutional investors (FII) sold shares worth a net Rs 2422.39 crore while domestic institutional investors (DII) bought shares worth a net Rs 1953.4 crore on Friday, January 13, 2023, according to the data available on NSE. 

NSE F&O Ban

The National Stock Exchange has put Indiabulls Housing Finance and GNFC stocks under its F&O ban list for Monday, 16 January. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in these stocks.

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