Business Economy


Nifty falls below 25,500 amid weak global cues

New Delhi, Jan 19 (UNI) The Indian stock market on Monday began the week on a subdued note. Nifty fell below 25,500 intraday amid weak global cues triggering broad-based profit booking.
At close, the Sensex was down 324.17 points or 0.39% at 83,246.18, and the Nifty was down 108.85 points or 0.42% at 25,585.50.
The BSE Midcap index declined in line with the benchmark indices, falling 0.4%, while the Smallcap index underperformed, dropping 1.3%.
The overall market capitalisation of BSE-listed firms dropped to nearly Rs 466 lakh crore from nearly Rs 468 lakh crore in the previous session.
Among the sectors, Nifty Realty, Media, and Oil & Gas indices crashed up to 2% while the Nifty FMCG was up 0.67% and Auto was up 0.13%, the only two indices that closed with gains.
Nifty Bank closed 0.34% lower, while the Financial Services index ended almost flat.
The top gainers were InterGlobe Aviation (IndiGo) up by 4.16%, Tech Mahindra up by 2.39%, and Hindustan Unilever up by 2.29% remaining the top gainers.
On the other hand, as many as 31 stocks ended lower with the top losers were Wipro (8.21%), Reliance Industries (3.07%), and Eternal (2.87%).
The advance-decline ratio remained in favour of decliners as over 3,000 stocks declined while about 1,200 advanced on the BSE.
Around 97 stocks hit their 52-week highs while nearly 438 stocks hit their 52-week lows on the BSE.
Those on the highs were Tech Mahindra, PNB, LTIMindtree, Federal Bank, Canara Bank, AXIS Bank, and Vedanta.
On lows were ITC, Dixon Technologies (India), Indian Hotels Company, IRCTC, and L&T Technology Services.
Among some of the key performers, shares of Hindustan Zinc touched an intraday high of Rs 662.25, up 3.84%. Yes Bank stock was trading at Rs 22.78 in the afternoon session, down 2.9%.
Godrej Properties came under pressure, falling 5% to Rs 1,797. Polycab India shares also saw renewed buying interest, surging 4.2% to Rs 7,418 a piece.
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