Stock Market Updates: Sensex Down 800 Pts, Nifty Settles Around 21,500

Stock Market Update Today: The benchmark indices closed lower in a volatile session on January 30. Sensex dropped 801.67 points to settle at 71,139.90 points. Nifty tanked 215.50 points to 21,522.10 points.

The top decliners on the Nifty included Bajaj Finance, Titan Company, UltraTech Cement, NTPC, and Reliance Industries. On the flip side, Tata Motors, BPCL, Grasim Industries, Eicher Motors, and SBI emerged as the top gainers.

Across sectors, except realty and PSU Bank, all other indices concluded in negative territory. Capital goods, FMCG, pharma, and power sectors witnessed a decline of 0.5-1 percent.

The BSE Midcap index recorded a 0.5 percent drop, while the Smallcap index ended the day on a flat note.

Early Trade

Benchmark equity indices declined after beginning the trade on a positive note on Tuesday as investors preferred to stay on the sidelines ahead of key events due later this week such as the interim budget and the US Fed interest rate decision.

Monday Market

Benchmark equity indices Sensex and Nifty rebounded sharply on Monday, surging nearly 2 per cent, buoyed by robust buying in Reliance Industries and a rally in Asian markets.

Also Read: Stocks To Watch On January 30: Reliance, ITC, GAIL, NTPC, Bajaj Finance & Others

The 30-share BSE Sensex jumped 1,240.90 points or 1.76 per cent to settle at 71,941.57.

During the day, it soared 1,309.55 points or 1.85 per cent to 72,010.22.

The Nifty climbed 385 points or 1.80 per cent to 21,737.60.

Investors’ Gain

Investors’ wealth climbed Rs 6 lakh crore on Monday, with the BSE Sensex rallying nearly 2 per cent, driven by heavy buying in Reliance Industries and a rally in Asian markets.

The market capitalisation of BSE-listed firms jumped Rs 6,08,556.11 crore to Rs 3,77,20,679.19 crore (USD 4.53 trillion).

Among the Sensex firms, Reliance Industries jumped nearly 7 per cent, contributing the most to the rally in markets.

Tata Motors, Power Grid, Larsen and Toubro, Kotak Mahindra Bank, NTPC, Titan and UltraTech Cement were the other major gainers.

ITC, Infosys, JSW Steel, Tech Mahindra and Tata Consultancy Services were the laggards.

In Asian markets, Seoul, Tokyo and Hong Kong settled in the positive territory while Shanghai ended lower.

In the broader market, the BSE midcap gauge climbed 1.68 per cent and smallcap index rallied 1.03 per cent.

Among the indices, energy jumped 5.29 per cent, oil & gas zoomed 4.94 per cent, power (3.03 per cent), services (2.82 per cent), capital goods (2.13 per cent), industrials (2.17 per cent) and consumer durables (1.93 per cent).

FMCG, IT and teck were the laggards.

A total of 2,266 stocks advanced while 1,654 declined and 141 remained unchanged.

(With PTI inputs)