Market Update: Sensex Sheds 1% : Nifty Ends Below 17,200

| Updated: January 27, 2022 6:39 pm

Sensex on Thursday sheds around 1% and ends the day at 57,276.94, down around 581 points. Nifty on the other hand ends below 17,200 points. Volatility in the market was visible after the US Federal reserves indication to raise interest rates from March and foreign funds outflow from the market was another reason. 

The market saw FMCG, pharma, IT indices, and realty indices fall down 1-3 percent. BSE smallcap and midcap indices went down around 0.71 percent. PSU bank index was the performer of the day with a 4 percent surge. Bank indices and auto were seen surging around 0.3-1.3 percent. 

Titan was the stock in focus as it lost around 4.06 percent and ended the day at 2,310.45 points, down around 3 percent. Maruti Suzuki was the stock of the day which ended the day at 8,817.25 points up around 220 points(around 2.5 percent).

BSE Gainers:

No.Company NameGain (In Percentage)
1Sukhjit Starch &19.99
2Tv18 Broadcast19.92
3Atam Valves19.89
4Ambica Agarbattis19.88
5Jointeca Educations19.65

Markets in Asia like Hong Kong, Seoul, Tokyo and Shanghai were seen trading in losses in their mid-session deals. 

Analysts are patiently waiting for the budget as they are expecting a positive budget. They think that volatility may continue further if panic selling continues.  

Nifty 50 Gainers: 

No.Company NameGain (In Percentage)
1Axis Bank 2.88
3Maruti Suzuki India2.53
5Kotak Mahindra Bank 1.87

Provisional data suggests that Foreign Institutional Investors have pulled out around Rs. 7,094.48 crore from the capital market. Meanwhile, Brent crude rose 0.93 percent to $89.12 per barrel. 

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