Domestic equity indices extended the previous session’s losses with NSE Nifty 50 trading below 17,800 and BSE Sensex below 59,700. The 30-share BSE benchmark fell 221.58 pts or 0.35% to 59,736.45 and NSE Nifty 50 dropped 0.33% to 17,799.30. The top gainers of the Sensex were Tata Steel, NTPC, IndusInd Bank, Mahindra & Mahindra and Power Grid while HCL Tech, Larsen & Toubro, Wipro, Tech Mahindra and Sun Pharma were the top losers.
HCL Tech, Infosys shares in focus today
HCL Tech shares fell 2.7% to Rs 1042.00 on Friday on profit booking after the IT giant, the previous day reported a higher-than-expected profit for the December quarter supported by strong deal wins but lowered its full-year revenue view noting seasonal challenges in the fourth quarter. On the other hand, Infosys shares were trading marginally higher at Rs 1,484 on NSE after the company reported a 13.4% rise in its consolidated net profit for the quarter ended December 2022 at Rs 6,586 crore on January 12.
Share Market LIVE: Sensex, Nifty turn volatile in opening trade; Infosys shares gain, HCL Tech falls
How Nifty rose or fell in one month before Union Budget in last 5 years: See charts
Infosys, Wipro, HCL Technologies, Paytm, Cyient, LTTS, Anand Rathi, RVNL, Shriram Finance stocks in focus
Sebi specifies norms for AIF investment in CDS
Sectoral Indices
In the sectoral indices, Nifty Bank was down 0.12%, Nifty IT fell 1.38%, Nifty Pharma was down 0.34% while Nifty PSU Bank was up 1.14%. The volatility index India VIX was up 0.06%.
Asian and US stock markets
China’s Shanghai composite index rose 17.64 points or 0.56% to 3,181.09 on Friday, Hong Kong’s Hang Seng climbed 35.32 points or 0.16% to 21,549.42 and Japan’s Nikkei 225 fell 272.86 points or 1.03% to 26,176.96. US stock indices on Thursday ended in the green. The Dow Jones Industrial Average (DJIA) rose 216.96 pts or 0.64% to 34,189.97, the tech-heavy Nasdaq climbed 69.43 pts or 0.64% to 11,001.10 and S&P 500 advanced 13.56 pts or 0.34% to 3,983.17.
FII and DII data
Foreign institutional investors (FII) sold shares worth a net Rs 1662.63 crore while domestic institutional investors (DII) bought shares worth a net Rs 2127.65 crore on Thursday, January 12, 2023, according to the data available on NSE.
NSE F&O Ban
The National Stock Exchange has put Indiabulls Housing Finance and GNFC stocks under its F&O ban list for Friday, 13 January. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in these stocks.