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January 27, 2022 / 04:39 PM IST

Closing Bell: Nifty ends below 17,200, Sensex falls 581 pts amid high volatility; PSU banks outshine

Among sectors, PSU bank index up 4 percent, while auto and bank indices rose 0.3-1.3 percent. However, FMCG, realty, pharma, and IT indices shed 1-3 percent. BSE midcap and smallcap indices fell 0.71 percent.

  • Closing Bell: Nifty ends below 17,200, Sensex falls 581 pts amid high volatility; PSU banks outshine
    Stock Market Today
    • 03:26 PM IST

      Laurus Labs reports 43.2% fall in Q3 net profit at Rs 155 crore

    • 03:23 PM IST

      Wockhardt has posts net loss at Rs 6.8 crore in Q3FY22

    • 03:14 PM IST

      Nifty FMCG index sheds 1 percent dragged by the United Spirits, United Breweries, Radico Khaitan

    • 03:01 PM IST

      Indices erase losses but still trading lower with Nifty around 17100

    • 02:51 PM IST

      KRChoksey maintains buy rating on Axis Bank, target Rs 936

    • 02:44 PM IST
      Total marketcap lost around Rs 22 trillion since January 18
    • 02:30 PM IST

      La Opala Glass Q3 profit rises 28% to Rs 32 crore

    • 02:28 PM IST

      Adani Wilmar IPO subscribed 36 percent on first day, retail portion booked 74 percent

    • 02:25 PM IST

      Airtel Payments Bank customers' deposit surges 75% to Rs 1,000 crore in 2021

    • 02:06 PM IST

      Colgate Palmolive Q3 profit rises 1.6% to Rs 252 crore

    • 01:55 PM IST

      Motilal Oswal reiterates buy on Indiamart Intermesh with 53% potential upside

    • 01:48 PM IST

      Nifty PSU Bank index rises nearly 4 percent supported by the Union Bank of India, Canara Bank, Indian Bank

    • 01:45 PM IST

      Axis Bank share price rises for second day on better Q3 numbers

    • 01:42 PM IST

      Torrent Pharma shares shed 15% on poor Q3 show

    • 01:38 PM IST

      Adani Wilmar IPO subscribed 27 percent on first day, retail portion booked 57 percent

    • 01:30 PM IST

      Canara Bank Q3 net profit of Rs 1,502 crore, NII up 14% at Rs 6,945 crore

    • 01:15 PM IST

      Future Enterprises to sell 25% stake in General Insurance JV, Future Generali

    • 01:07 PM IST

      Sensex down 1000 points, Nifty below 17000

    • 12:55 PM IST

      BSE Midcap index falls 2 percent dragged by the Torrent Pharmaceuticals, Jubilant FoodWorks, ABB India

    • 12:48 PM IST

      USDINR is expected to trade in the wide range of 74.85 to 75.35: Amit Pabari

    • 12:32 PM IST

      Elara Capital reiterates buy with a target price of Rs 1,135

    • 12:14 PM IST

      Larsen & Toubro Infotech partners with IIT Madras to innovate in 5G Space

    • 12:04 PM IST

      Benchmark indices extend losses, trade at day's low

    • 11:46 AM IST

      BSE Realty Index down 3 percent dragged by the Indiabulls Real Estate, Godrej Properties, DLF

    • 11:42 AM IST

      Sun Pharma launches CEQUA in Canada

    • 11:39 AM IST

      Adani Wilmar IPO subscribed 12 percent on first day, retail portion booked 26 percent

    • 11:21 AM IST

      Mahindra & Mahindra enters e-Cart segment, launches e Alfa Cargo

    • 11:08 AM IST

      Wipro appoints Badrinath Srinivasan as Southeast Asia MD

    • 10:49 AM IST

      Adani Wilmar IPO subscribed 12 percent on first day, retail portion booked 26 percent

    • 10:29 AM IST

      Bharat Electronics signs $73 million contract with Hyperion Global Group for supply of IoT devices to US

    • 10:22 AM IST

      Adani Wilmar IPO subscribed 4 percent on first day, retail portion booked 9 percent

    • 10:07 AM IST

      Indian rupee opens 41 paise lower at 75.18 per dollar

    • 10:03 AM IST

      Benchmark indices erase some losses, Nifty around 17000

    • 10:01 AM IST

      Glenmark Pharma gets USFDA nod for Bisoprolol Fumarate & Hydrochlorothiazide tablets

    • 09:45 AM IST

      Petrol, Diesel remains unchanged for the 83nd day in a row on January 27

    • 09:43 AM IST

      BSE Healthcare index falls 2 percent dragged by the Torrent Pharmaceuticals, Apollo Hospitals Enterprise, Gland Pharma

    • 09:37 AM IST

      These companies to declare their December quarter numbers today

    • 09:30 AM IST

      Oil falls on profit-taking after Brent surges to $90 a barrel

    • 09:24 AM IST

      Nifty IT index sheds over 2 percent dragged by the TCS, Infosys, L&T Infotech

    • 09:08 AM IST

      Indian markets likely to open gap down tracking weak global cues: ICICI Direct

    • 08:58 AM IST

      Adani Wilmar IPO opens today

    • 08:44 AM IST

      Vedanta demerger call by March-end: Anil Agarwal

    • 08:38 AM IST

      Reliance doubles down on media, likely to unveil its big strategy soon

    • 08:34 AM IST

      Cipla Q3 profit falls 2.6% YoY to Rs 729 crore, revenue grows to Rs 5,479 crore

    • 08:25 AM IST

      Maruti Suzuki Q3 standalone profit falls 48%, revenue stays flat at Rs 23,246 crore

    • 08:03 AM IST

      Dollar climbs as Fed flags hikes

    • 07:57 AM IST

      Chile hikes interest rate surprise 150 bps, biggest in 20 years

    • 07:51 AM IST

      Fed likely to hike rates in March as Powell vows sustained inflation fight

    • 07:45 AM IST

      Asian Markets trade lower; Nikkei, Kospi down 2%, Hang Seng down 1.7%

    • 07:39 AM IST

      Wall Street gains evaporate, S&P 500 ends lower on Fed tightening timeline

    • 07:33 AM IST

      SGX Nifty indicates a gap-down opening for the Indian indices:

  • IndexPricesChangeChange%
    Sensex62,547.11118.57 +0.19%
    Nifty 5018,534.1046.35 +0.25%
    Nifty Bank43,937.85147.65 +0.34%
    Nifty 50 18,534.10 46.35 (0.25%)
    Fri, Jun 02, 2023
    Biggest GainerPricesChangeChange%
    Hindalco420.7514.40 +3.54%
    Biggest LoserPricesChangeChange%
    Adani Enterpris2,445.05-47.10 -1.89%
    Best SectorPricesChangeChange%
    Nifty Metal5956.0071.80 +1.22%
    Worst SectorPricesChangeChange%
    Nifty IT29328.20-118.10 -0.40%

  • January 27, 2022 / 08:31 AM IST

    Follow our LIVE blog for the latest updates on the new Omicron variant of COVID-19 and its impact

  • January 27, 2022 / 04:39 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    Markets traded volatile and lost over a percent, following weak global cues. After the gap down start, the benchmark inched lower in the first half however healthy buying in the banking space pared the losses significantly. However, continued pressure in the IT majors and a few other index majors capped the upside. Consequently, Nifty closed at 17,110; down by 1%. The broader indices performed in line and lost in the range of 0.7%-1.2%.

    Excessive volatility on the global front is keeping our markets also on the edge. With the US FOMC meet behind us, we expect some stability now. However, the prevailing earnings season and upcoming Union budget would keep the participants on their toes.

    The recent buoyancy in the banking space is certainly encouraging but the other sectors should also support for any meaningful recovery. We feel it’s prudent to stay light and let the markets stabilise.

  • January 27, 2022 / 04:16 PM IST

    Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas:

    The Nifty opened gap down on January 27 & went down to test the near term support parameters. It came down to test the junction of the swing low, the 78.6% retracement of the Dec – Jan rally & the hourly lower Bollinger Band. Over there the bulls rushed in to provide support to the benchmark index. As a result, the bulls managed to defend the swing low of 16836.

    Thereon the index witnessed decent recovery towards the end of the session. Consequently, the Nifty held on to the psychological mark of 17000 on a closing basis for yet another session.

    The overall structure shows that the index is preparing for a short term bounce towards 17500-17600. On the flip side, 17000 will continue to act as a near term support on a closing basis with major support at 16825.

  • January 27, 2022 / 04:12 PM IST

    Rupak De, Senior Technical Analyst at LKP Securities:

    Volatility has been predominant during the day as the benchmark Nifty traded in the range of 300 points. On the lower end Nifty held the recent low of 16836 which it made in early trades of Tuesday. So Nifty has respected the support of 16825.

    Going forward the market may remain volatile. On the lower end support is visible at 16825-16800. A decisive fall below 16800 may trigger resumption of the corrective phase. However, if Nifty may remain in the recovery mode as long as 16800 is held.

  • January 27, 2022 / 04:07 PM IST

    Rahul Sharma, Co-owner, Equity 99:

    Markets continued its downward journey, as Fed is likely to hike the interest rates in March. The market was majorly in negative zone due to Fed news. We expect buying in the market, as we are expecting a positive budget. The volatility may continue, but one should hold on their positions and not sell in panic.

    For Nifty50 17060 will act as very strong support level. If this level is breached intraday than the next support will be around 16990 levels, post which markets might take support at 16880 levels.

    On upper side 17185 will act as strong hurdle rate, if this level is breached than next resistance will be around 17250 levels post which we might see 17300 levels.

  • January 27, 2022 / 04:04 PM IST

    S Ranganathan, Head of Research at LKP securities:

    As the FED left key interest rates near zero, its hawkish commentary quickly washed away gains in Global Markets leading to a gap down opening in indices back home.

    As FPI continued to book profits from Indian equities, value stocks made a comeback with the PSU Bank index rallying over 5% in afternoon trade today well supported by auto stocks to stage a smart recovery. As IT & pharma stocks witnessed profit taking, textile stocks were sought after in the broader market on the back of earnings.

  • January 27, 2022 / 03:34 PM IST

    Market Close:

    Benchmark indices ended lower with Nifty below 17,200 in the highly volatile session on January 27 after Federal Reserve in its policy outcome indicated interest rates hike in the near future.

    At close, the Sensex was down 581.21 points or 1% at 57,276.94, and the Nifty down 167.80 points or 0.97% at 17,110.20. About 1447 shares have advanced, 1832 shares declined, and 90 shares are unchanged.

    HCL Technologies, Tech Mahindra, Dr Reddy’s Laboratories, TCS and Wipro were the top Nifty losers, while gainers included Axis Bank, SBI, Maruti Suzuki, Cipla and Kotak Mahindra Bank.

    Among sectors, PSU bank index was up 5 percent, while auto and bank indices rose 0.3-1percent. However, FMCG, realty, pharma, and IT indices shed 1-3 percent. BSE midcap and smallcap indices fell 0.8-1.2percent.

  • January 27, 2022 / 03:26 PM IST

    Laurus Labs Q3 earnings:

    Laurus Labs has reported 43.2 percent fall in its Q3 net profit at Rs 155 crore against Rs 273 crore and revenue was down 20.1% at Rs 1,028.8 crore versus Rs 1,288.4 crore, YoY.

    Laurus Labs was quoting at Rs 460.40, down Rs 14.25, or 3 percent on the BSE.

  • January 27, 2022 / 03:23 PM IST

    Wockhardt Q3 rsults

    Wockhardt has posted net loss at Rs 6.8 crore in the quarter ended December 2021 against profit of Rs 15.2 crore in a year ago period.

    Revenue of the company was up 11.8% at Rs 854 crore versus Rs 764 crore, YoY.

    Wockhardt touched a 52-week low of Rs 379.80 and was quoting at Rs 394.45, down Rs 1.45, or 0.37 percent.

  • January 27, 2022 / 03:20 PM IST

    Mohit Ralhan, Managing Partner & Chief Investment Officer of TIW Private Equity:

    The US Fed has very clearly indicated that the situation of inflation has been deteriorating and the policy decisions will reflect the same. Market participants almost unanimously agree that there would be a rate hike in March, but it remains uncertain whether the rate hike will be 25 bps or more.

    Given that the US inflation rate reached 7% in December, which is way above the Fed’s target of 2%, the logical inclination is to expect a hike of at least 50 bps, but the Fed may also want to keep it gradual.

    While, in the December meeting Fed has signalled a forecast of three policy rate hikes, but the rising inflation has convinced market participants that there would most likely be four rate hikes. Fed didn’t rule out the same and the decline in the market indicates that a large section of market participants who were still considering three policy hikes in their calculations have now moved beyond it and joined the four rate hikes bandwagon.

    The emerging markets will feel the pressure as liquidity gets eroded. FII’s have been net sellers in the Indian market and the US Fed’s increasingly hawkish stance is expected to continue putting selling pressure in Indian markets. This is liquidity-driven an un-correlated to domestic factors of economic recovery and growth. Therefore, the impact is expected to act as a stabilizing event and the long-term bull-run in India is likely to continue based on local macroeconomic factors.

  • January 27, 2022 / 03:14 PM IST

    Nifty FMCG index shed 1 percent dragged by the United Spirits, United Breweries, Radico Khaitan

  • January 27, 2022 / 03:08 PM IST

    Sameer Kaul – MD & CEO, TrustPlutus Wealth:

    The fall in the Indian markets is in line with global markets. The markets were eagerly awaiting the outcome of the US Federal Reserve meeting on Monetary Policy which was held on 25th and 26thJanuary, 2022. The Federal Reserve has indicated that they will begin hiking interest rates in the near future and that there will be multiple rate hikes this year.

    Along with that the Fed has also stated that they will end the asset purchase program in March and will also look to reduce the size of the Fed Balance Sheet from sometime later this year. The combination of these measures is what has spooked markets globally as it would mean moving from a scenario of easy and excess liquidity to a scenario of liquidity tightening.

    As stated earlier, we expect 2022 to be a much more challenging year from a returns perspective as compared to 2021. We suggest investors stick to their asset allocation and invest in high quality companies and also pay close attention to valuations.