Stock Market at Close: Sensex, Nifty Snap 5-Day Winning Streak; IT, Pharma Top Drags


by Sandip Das on 16 January 2024,  4 min read

Stock Market at Close: Sensex, Nifty Snap 5-Day Winning Streak; IT, Pharma Top Drags - MyDhanush Blogs by Ashika

The Indian stock market ended the session on January 16, 2024, in the red amid volatility. At close, Sensex shed 199 points at 73,128 while Nifty was down 65 points and closed at the 22,032 mark. This came amid profit booking in the stock market.

Among the sectors, metal and oil & gas indices gained almost 1 percent. On the other hand, power, realty, healthcare, and Information Technology sectors shed 0.5-1.5 percent.

Around 837 stocks advanced and 1703 declined while 87 remained unchanged.

Top Nifty50 Gainers

Company Name Last Traded Price (Rs) % Change
BPCL 472.5 2.73
Tata Steel 137.25 1.74
Titan Company 3818.9 1.60
ITC 475 1.58
Maruti Suzuki 10195.85 1.08

Top Nifty50 Losers

Company Name Last Traded Price (Rs) % Change
Divis Labs 3827 -2.11
HCL Tech 1555 -2.09
NTPC 311.55 -1.81
Wipro 485.75 -1.79
Infosys 1626 -1.58

Asian markets end in the red

Hong Kong’s Hang Seng index shed 2.06 percent, while mainland China’s CSI 300 index reversed losses to gain 0.61 percent to 3,300.87 as Asian markets closed in the red. The Nikkei 225 slipped 0.79 percent to close at 35,619.18. The broad-based Topix fell 0.82 percent to 2,503.98.

Also read: NALCO, Hindustan Copper Spike After Lithium Mining Venture With Argentina-based CAMYEN SE

European markets trade lower

European stocks saw a negative start on January 16, as markets continued to focus on news and comments from the World Economic Forum in Davos, Switzerland. The regional Stoxx 600 index shed 0.57 percent. FTSE declined 0.55 percent at 7,553 while CAC slipped 0.5 percent at 7,374. German DAX was down 0.61 percent at 16,520 level.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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