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Budget 2023
Budget 2023

After The Bell: Sensex, Nifty lose over 1% each, what should investors do on Friday?

The index has formed a good base near the 13,800-13,700 zone and if it manages to hold the level, we may see a swift pullback towards 13,900-14,000, which is the immediate hurdle.

January 28, 2021 / 05:42 PM IST

The Indian market tanked for the fifth day running on January 28, pushing both the Sensex and the Nifty below crucial support levels.

The S&P BSE Sensex fell by more than 500 points, while the Nifty50 also saw a downtick for more than 100 points on the F&O expiry day.

The market has turned cautious ahead of the budget and weak global cues also dampened the sentiment. The Nifty50 has lost about 1,000 points in a matter of days.

The strategy is to stay neutral, and hedge positions ahead of the budget as wild gyrations cannot be ruled out, experts say.

Sensex59,330.90-874.16 -1.45%
Nifty 5017,604.35-287.60 -1.61%
Nifty Bank40,345.30-1,302.35 -3.13%
Nifty 50 17,604.35 -287.60 (-1.61%)
Fri, Jan 27, 2023
Biggest GainerPricesChangeChange%
Tata Motors445.6026.55 +6.34%
Biggest LoserPricesChangeChange%
Adani Enterpris2,761.45-627.50 -18.52%
Best SectorPricesChangeChange%
Nifty Auto13089.70132.55 +1.02%
Worst SectorPricesChangeChange%
Nifty PSU Bank3821.05-219.25 -5.43%