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Taking Stock | Market ends a volatile day on a flat note; Sensex down 76 points, Nifty holds 17,100

History suggests that in seven out of the last 10 years, Indian indices have delivered negative returns or remained range-bound in the week preceding the Budget and 2022 was no different.

January 28, 2022 / 05:40 PM IST

The Indian benchmark indices witnessed high volatility and ended the day with marginal losses on January 28. The markets carried the positive tone from yesterday and had a strong gap-up opening but pared all the gains in the afternoon session as bears again seemed to grab control from the bulls.

At close, the 30-pack Sensex was down 76.6 points or 0.13 percent at 57,200.3 and the Nifty was down 8.2 points or 0.05 points at 17,101.95.

The high volatility can be gauged from the fact that the Sensex made a swing of 965 points during the day from its day's high to day's low while the Nifty swung by 296 points.

The BSE Sensex opened the day on a strong note with a gain of 518 points at 57,795 and continued edging up to make an intraday high of 58,084 but erased all its gains in the afternoon session to make an intraday low of 57,119.

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%