Domestic indices after opening in green slipped into negative territory ahead of the Economic Survey. The BSE Sensex fell 347.47 points or 0.58% to 59,152.94 and the Nifty 50 dropped 96.85 pts or 0.55% to 17,552.10. The top gainers of Sensex were Power Grid (up 1.75%), Mahindra & Mahindra (up 1.08%), State Bank of India (SBIN) (up 1%%), Tata Motors (up 0.74%) and Reliance IndustriesLtd (RIL) (up 0.63%) while Tech Mahindra (down 3.49%), HCL Tech (down 1.83%), Infosys (down 1.47%), Infosys (down 1.47%) and TCS (down 1.45%) were the top laggards.
On the other hand, Adani Enterprises shares and Adani Ports shares were trading in the green while other Adani group companies’ shares were trading lower after three Adani Group stocks, Adani Total Gas, Adani Green Energy and Adani Transmission, have their circuit limit narrowed down from 20% to 10% after two continuous days of fall. Today too, Adani Total Gas hit the revised lower circuit of 10% soon after opening. The other two stocks Adani Green Energy and Adani Transmission were down 8% and 3%, respectively.
Sectoral Indices
The sectoral indices were trading broadly lower. Bank Nifty fell 0.23%, Nifty FMCG fell 1.05%, Nifty IT fell 1.72%, Nifty Pharma down 0.52%, Nifty Oil & Gas dropped 0.70% and Nifty Realty down 0.41% while Nifty Auto and Metal rose 0.59% and 0.85% respectively.
Asian and US stock markets
Asian markets were trading lower in the early morning trade on Tuesday. China’s Shanghai Composite index fell marginally by 1.73 pts or 0.05% to 3,267.59, Japan’s Nikkei slipped 20.96 pts or 0.08% to 27,412.44, South Korea’s KOSPI dipped 12.93 pts or 0.53% to 2,437.54 while Hong Kong’s Hang Seng rose 61.98 pts or 0.28% to 22,131.71.
The US stock market ended in red on Monday. The Dow Jones Industrial Average fell 260.99 points or 0.77% to 33,717.09, S&P 500 dropped 52.79 pts or 1.30% to 4,017.77 and the tech-heavy Nasdaq slipped 227.90 pts or 1.96% to 11,393.81.
FII and DII data
Foreign institutional investors (FII) sold shares worth a net Rs 6,792.8 crore while domestic institutional investors (DII) bought shares worth a net Rs 5,512.63 crore on Monday, January 30, 2023, according to the data available on NSE. For the month till January 30, FII sold shares worth a net Rs 36,025.09 crore while DII bought shares worth a net Rs 28,905.54 crore.
NSE F&O Ban
Ambuja Cements is the stock/security placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Tuesday, January 31.
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