January 09, 2024 / 07:23 AM IST
Market on Monday:
Amid weak global cues, the domestic equity benchmarks slipped about a percent each on January 8. Nervousness ahead of earnings Q3 season and profit booking also had an impact. Banks, financial services and FMCG were among the biggest drags.
The Sensex closed 670.93 points, or 0.93 percent, lower at 71,355.22. The Nifty declined 197.80 points, or 0.91 percent, to end the day at 21,513.
Market breadth was neutral. About 1,753 shares advanced, 1,746 declined and 83 remained unchanged.
Broader market underperformed. Nifty Midcap 100 fell 1.06 percent while Nifty Smallcap 100 dipped 0.62 percent. Nifty 500, the broadest index on NSE, dipped 0.88 percent.
Barring Nifty Media and Nifty Realty that rose about 0.1 percent each, all sectoral indices ended with cuts. Nifty FMCG was the biggest loser, down 1.72 percent. Nifty Bank followed with 1.47 percent cut while Nifty Financial Services dropped 1.03 percent.
Among Nifty 50 stocks, Adani Ports was the biggest gainer, rising 1.57 percent. ONGC, NTPC and Sun Pharma were other gainers. UPL was the biggest loser, down 3.44 percent, followed by SBI Life Insurance, M&M, SBI and Tech Mahindra that fell 2-3 percent.
