Domestic indices opened Friday’s session in deep red. The Nifty slipped below 17,800 and the Sensex below 59,800. The Nifty 50 fell 120.80 pts or 0.68% to 17,771.15 and Sensex dropped 451.72 pts or 0.75% to 59,753.34. The top gainers of Sensex were Tata Motors (up 6.81%), ITC (up 2.16%), Mahindra & Mahindra (up 1.58%), Tata Steel (up 1.07%) and Bajaj Finserv (up 1.01%) while ICICI Bank (down 2.66%), HDFC (down 2.17%), Axis Bank (down 1.83%), SNIN (down 1.89%) and HDFC Bank (down 1.82%).
Tata Motors, Adani Group stocks in focus today
Tata Motors shares rose over 8% to Rs 448.00 after the company reported a consolidated profit for the quarter ended December 2022 at Rs 2,958 crore against a loss of Rs 1,516 crore in the same period last year on better topline as well as operating performance.
Sectoral Indices
The sectoral indices were trading broadly lower. Bank Nifty fell 2.33%, Nifty PSU Bank fell 1.70%, Nifty Oil & Gas fell 3.88%, Nifty Metal down 0.53% and Nifty Realty down 0.36% while Nifty Auto and Pharma rose 1.64% and 0.28% respectively.
Asian and US stock markets
Asian markets were trading mixed on Friday. Japan’s Nikkei was trading 7.99 pts or 0.03% higher at 27,370.74, South Korea’s KOSPI climbed 17.91 pts or 71% to 2,486.56 while Hong Kong’s Hang Seng dropped 11.51 pts or 0.05% to 22,555.27.
U.S. equity closed in the green territory on Thursday, with the S&P 500 ending at the highest level since early December, as the fourth-quarter gross domestic product (GDP) came in slightly stronger than expected, boosting investor confidence. The S&P 500 rose 44.21 points or 1.1% to end at 4,060.43. Dow Jones Industrial Average DJIA gained 205.57 points or 0.6% to finish at 33,949.41. Nasdaq Composite COMP advanced 199.06 points or 1.8% ending at 11,512.41.
FII and DII data
Foreign institutional investors (FII) sold shares worth a net Rs 2,393.94 crore while domestic institutional investors (DII) bought shares worth a net Rs 1,378.49 crore on Wednesday, January 25, 2023, according to the data available on NSE. For the month till January 26, FII sold shares worth a net Rs 23,254.43 crore while DII bought shares worth a net Rs 19,140.58 crore.
NSE F&O Ban
No stock/security has been put under the National Stock Exchange’s futures & options (FO) ban on Wednesday, January 25, 2023.
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