Closing Bell: Market halts five-day winning run by closing marginally lower, Nifty holds 18250

Closing Bell: Market halts five-day winning run by closing marginally lower, Nifty holds 18250

by 5paisa Research Team Last Updated: Jan 14, 2022, 05:10 PM IST

Domestic equity benchmarks Sensex and Nifty ended a volatile session on a flat note on Friday and snapped the five-day winning streak. Losses in financial and pharma stocks pulled the headline indices lower.

The Indian equity market on Friday settled marginally lower, halting its five-day winning run amid weak global cues. During today's trade Sensex recovered more than 450 points from its intraday low of 60,757 before settling a bit lower.

Much volatility was witnessed today on the Indian bourses as Global markets took a beating after more Federal Reserve policymakers signalled they will start to raise U.S. interest rates in March to combat inflation. Fed Governor Lael Brainard was the latest and most senior US central banker to signal that rates will rise in March to combat inflation.

At the closing bell on January 14, the Sensex was down 12.27 points or 0.02% at 61,223.03, and the Nifty was down 2 points or 0.01% at 18,255.80. On the market breadth, around 1909 shares have advanced, 1297 shares declined, and 76 shares are unchanged.

Top Nifty losers on a choppy trading session were, Asian Paints, Axis Bank, UPL, HUL and ONGC, while top gainers included Tata Consumer Products, IOC, TCS, Infosys and L&T.

On a sectoral basis, IT, capital goods and realty indices rose 1% each, while selling was seen in the auto, pharma, bank, FMCG sectors. In the broader market, BSE midcap and smallcap indices ended in the green.

With earnings season on, IT stocks remained in focus on Dalal Street as market participants awaited HCL Tech's quarterly earnings. Today, Mindtree stocks took a hit as the shares fell nearly 4% a day after the IT company reported its Q3 numbers.

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SENSEX
52,727.98
462.26 (0.88%)
Nifty 50
15,699.25
142.60 (0.92%)
Nifty Bank
33,627.45
492.45 (1.49%)

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