FILE PHOTO: A man looks across the street at a screen displaying the Sensex on the façade of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015. Reuters/Danish Siddiqui
Sensex Today: Major benchmarks opened on a positive note today.
Sensex Today: Indian markets extended gains for the second session on Wednesday, supported by positive global peers and selected financial and metal stocks.
The BSE Sensex fell as low as 60,569 during the day but ended 390 points higher at 61,046. Tata Steel, L&T, Wipro, HDFC twins and Bharti Airtel were among the top gainers on the index, higher by 1.6-2 per cent.
nse smelly It closed 112 points at 18,165, led by Hindalco, up 3 per cent, while Tata Motors, UltraTech Cement, HDFC Life, Adani Enterprises and IndusInd Bank pared gains and the index fell up to 1.6 per cent.
The BSE Midcap and Smallcap indices closed with marginal gains of 0.5 per cent and 0.2 per cent, respectively. Within sectors, the Nifty Metal index closed the most strongly, up 1.5 per cent, followed by financials and pharma pockets, while the PSB index declined the most at 1 per cent.
Adani Enterprises closed with a decline of 1.5 per cent in the shares. The company has filed papers for its Rs 20,000 crore FPO, which will be open between January 27-31. According to RHP, it will use Rs 10,900 crore of the total proceeds towards capex in airport and green businesses.
Dr VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said: “India’s outperformance in 2022 was temporarily reversed in January 2023, mainly due to FII outflows to other markets, mainly China. As a result, the Hang Seng and Shanghai Composite are up 9 per cent and 4.4 per cent respectively while the Nifty is down around 0.3 per cent. India’s current underperformance is likely to be temporary since then India Large economies have the best growth and earning potential. However, concerns of a global slowdown this year and the possibility of FIIs selling at higher levels again will put a cap on the market rally in the near term. Henceforth, the Budget expectations are also likely to influence the market sentiment. IT stocks which have made a comeback after good Q3 results and high quality banking and capital goods stocks along with RIL have the strength to support the market.”
global signal
Asia-Pacific shares traded mixed as investors awaited the outcome of the Bank of Japan’s monetary policy meeting.
Japan’s Nikkei 225 climbed 0.66 percent, Hong Kong’s Hang Seng index fell 0.17 percent, China’s Shanghai Composite 0.13 percent, Australia’s S&P/ASX 200 was flat and the Kospi lost 0.68 percent.
The Dow Jones closed down 1.14 percent on Tuesday, the S&P 500 fell 0.2 percent and the Nasdaq Composite gained 0.14 percent.
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