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After The Bell: Carnage on D-Street! What should investors do on Thursday?

As long as Nifty remains below 14200 zones, a bounce could be sold and weakness may be seen towards 13800 levels while on the upside key hurdle exists at 14200 and 14350 levels.

January 27, 2021 / 04:34 PM IST

It was nothing short of a bloodbath on D-Street. Bears were in complete control of D-Street on January 27 from the word go pushing the S&P BSE Sensex lower by about 1000 points while the Nifty50 breached 14000 levels on the downside for the first time since January 4.

Let’s look at the final tally on D-Street – the S&P BSE Sensex plunged 937 points to 47,409 while the Nifty50 was down 271 points to close at 13,967. The NiftyBank was down nearly 3 percent to close at 30,284.

Sectorally, selling pressure was seen in Banks, Finance, Metals, Realty, Auto, Energy, oil & Gas which were down more than 2 percent each.

IndexPricesChangeChange%
Sensex59,500.41169.51 +0.29%
Nifty 5017,648.9544.60 +0.25%
Nifty Bank40,387.4542.15 +0.10%
Nifty 50 17,648.95 44.60 (0.25%)
Mon, Jan 30, 2023
Biggest GainerPricesChangeChange%
Adani Enterpris2,892.85131.40 +4.76%
Biggest LoserPricesChangeChange%
Power Grid Corp211.85-7.40 -3.38%
Best SectorPricesChangeChange%
Nifty IT30094.85328.35 +1.10%
Worst SectorPricesChangeChange%
Nifty Energy23434.70-735.25 -3.04%



This decline on Nifty of 800 points from the top ought to be seen as a healthy correction and an interim consolidation phase before the markets begin the next leg of movement.  We continue to remain upbeat on Indian equities in the medium-term given the resilient economic and corporate recovery.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.