Business Economy


Stock market ends lower in volatile session amid selling across sectors

New Delhi, Jan 23 (UNI) The stock market on Friday failed to build on the previous session’s strong rebound and ended lower in a volatile session amid selling across sectors.
At close, the Sensex was down 769.67 points or 0.94% at 81,537.70, and the Nifty was down 241.25 points or 0.95% at 25,048.65. BSE midcap index fell 1.5% and smallcap index down over 2%.
The overall market capitalisation of BSE-listed firms dropped to below Rs 452 lakh crore from Rs 458.5 lakh crore in the previous session.
All sectoral indices ended in the red with capital goods, power, realty, PSU Bank, media down 2-3%.
Indian rupee remained under pressure, touching a fresh record low at 91.97 per dollar intraday.
Biggest Nifty losers were Adani Enterprises, Adani Ports, Eternal, Interglobe Aviation, Cipla, while gainers included Dr Reddy's Labs, Tech Mahindra, ONGC, Hindalco, HUL.
Over 400 stocks touched their 52-week lows on the BSE. These included Adani Enterprises, Adani Total Gas, Syngene International, Reliance Power, Lodha Developers, Tejas Networks, Premier Energies, Network 18, Godrej Properties, Just Dial, Piramal Pharma, Devyani International, Sapphire Foods, Blue Jet, HFCL, Afcons Infra, Brigade Enterprises, Honeywell Automation, DLF, Sterling Wilson, among others.
Shares of Paytm dropped nearly 10% falling to a three-month low level.
Among the real estate stocks, Lodha Developers, Godrej Properties, DLF and Oberoi Realty declined up to 5%.
Shares of InterGlobe Aviation slipped in early trade with the stock down 1.96% at Rs 4,813.
The Asian markets also traded higher, with Japan’s Nikkei 225 gained 0.25%, while the Topix rose 0.27%. South Korea’s Kospi rose 1.11%, while the Kosdaq gained 0.74%. Hong Kong Hang Seng index futures indicated a higher opening.
The market will remain shut on Monday, January 26 on account of Republic Day. UNI VK SAS SSP
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