Last Update: January 25, 2023, 15:57 IST
A man looks at a screen on the street displaying Sensex on the façade of the Bombay Stock Exchange (BSE) building in Mumbai. (File photo/Reuters)
Markets may witness a volatile session on Wednesday as the end of monthly F&O for January derivative contracts will keep investors busy.
Sensex Today: The benchmark indices ended at a lower level on 25 January. Equity markets succumbed to severe selling pressure on Wednesday as losses in financial stocks and end of monthly F&O dragged down investor sentiment.
The BSE Sensex closed at 60,205, down 774 points (1.3 per cent), after recovering from an intraday low of 60,081. nse smelly It closed down 226 points at 17,892.
Among the two indices, IndusInd Bank, HDFC twins, SBI, Adani Ports, Tech M, Axis Bank and UltraTech Cement were the top losers, falling between 1-4 per cent.
On the other hand, Bajaj Auto, Maruti, HUL, Britannia, Tata Steel and Hindalco strongly challenged the weak trend and ended with gains of up to 1 per cent.
Within sectors, Nifty PSB index fell 3.6 per cent, followed by Bank, Financials indices. Auto, metal and FMCG pockets closed almost flat with partial cuts.
In the broader market, the BSE Midcap index declined 1.5 per cent, while the Smallcap index declined nearly 1 per cent. Midcaps led by ACC, Adani Power, Motilal Oswal, Vodafone Idea, Concor and Aurobindo Pharma declined up to 7 per cent.
Dr VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said: “18200 Nifty has become a major resistance level keeping Nifty in a narrow band of 17800-18200. Now, it appears that a major trigger is needed to break this range to the upside or downside. Two key events on February 1 – the Union Budget and the Fed’s decision on interest rates – have the potential to break this narrow range. A good budget and positive comments from the Fed could break the upper band. Conversely, any negative budget proposals such as raising the long-term capital gains tax rate or a worse-than-expected aggressive Fed could break the bottom end of the range. Let’s wait for the actual result.
global signal
Asian shares extended their winning run to their highest in seven months on Wednesday, led by South Korean shares, and the Australian dollar hit a multi-month high as rising inflation made higher interest rates more likely. Made a possibility
The S&P 500 ended markedly lower on Tuesday at the end of a rocky session marked by a flurry of mixed earnings and a technical glitch at the opening bell.
Crude oil prices gained on Wednesday on hopes of recovery in demand in top importer China following the exit from COVID-19 pandemic restrictions, after prices fell in the previous session on concerns about global economic growth. Crude oil futures added 59 cents, or 0.7%. to $86.72 a barrel by 0214 GMT after falling 2.3% in the previous session. US West Texas Intermediate (WTI) crude futures fell 1.8% on Tuesday to 46 cents, or 0.6%, at $80.59 a barrel.
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