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India Stocks Review:Post subdued trade, shrs end flat on late recovery

Informist, Friday, Jan 14, 2022

 

By Abhishek Saini

 

MUMBAI – After subdued trade for most of today's session, benchmark domestic equity indices were able to witness a late recovery and end flat, owing to gains in the information technology pack. 

 

Bouts of profit booking were seen in the market today, as higher inflation and worries of interest rate hike persisted globally, which had a spillover effect in the domestic market.  

 

The bouts of profit booking saw the Nifty 50 index dropping below the support level of 18200 points during the day.  

 

However, a late recovery saw the 50-stock index rebound and end at 18255.75 points, while the BSE Sensex closed the day at 61223.03 points, or 12.27 points lower. The indices saw a recovery from their day's lows of 18119.65 points and 60757.03 points, respectively. 

 

Despite the Oct-Dec earnings season kicking off on a largely positive note, the information technology pack opened with losses, which saw the indices fall in early trade. Shares of Mindtree were the biggest laggards today, falling 4% as the company's December quarter earnings failed to meet Street's expectations. 

 

However, gains in Infosys and Tata Consultancy Services supported the sectoral index, with the former hitting a lifetime high today. The Nifty IT index ended 0.6% higher.

 

Offsetting the gains in information technology companies were banking stocks. Shares of Nifty constituents ICICI Bank, IndusInd Bank and Axis Bank fell 0.5-2.5% and outweighed the 1% gains in HDFC Bank. This saw the Nifty Bank index end 0.3% lower at 38370.40 points. 

 

Among other major sectoral indices, the Nifty Auto index ended 0.4% lower after data from the Society of Indian Automobile Manufacturers showed that low demand and a shortage of semiconductor chips hit sales volumes of passenger and two-wheeler vehicles in December. 

 

In the broader market, the small-cap indices on the NSE were resilient to the selling pressure and managed to close with gains of 0.3-0.6%. Mid-cap indices, on the other hand, were in tandem with headline indices and ended flat. 

 

Among specific stocks, shares of Motherson Sumi Systems relisted today following the demerger of its domestic wiring harness division into a new entity. 

 

Further, shares of One97 Communications snapped an eight-session losing streak and ended over 8% higher on the back of likely bargain buying. 

 

* Among Nifty 50 stocks, 20 rose, 28 fell and 2 were unchanged

* Among Sensex stocks, 12 rose and 18 fell

* On the NSE, 1,173 stocks rose, 853 fell and 45 were unchanged

* On the BSE, 2,062 stocks rose, 1,345 fell and 96 were unchanged

* Nifty Auto: Down 0.4%; Nifty IT: Up 0.6%; Nifty Bank: Down 0.3%

——————————————————————————————

BSE                                              National Stock Exchange
Sensex: 61223.03, down 12.27 pts (0.02%)           Nifty 50: 18255.75, down 2.05 pts (0.01%) 
——————————————————————————————

S&P BSE Sensitive Index                          Nifty 50
Lifetime High: 62245.43 (Oct 19)                : Lifetime High: 18604.45 (Oct 19)
Record Close High: 61765.59 (Oct 18)            : Record Close High: 18477.05 (Oct 18)

2022 1st day close: 59183.22 (Jan 3)            : 2022 1st day close: 17625.70 (Jan 3)
2022 Closing High: 61235.30 (Jan 13)            : 2022 Closing High: 18257.80 (Jan 13) 
2022 Closing Low: 59183.22 (Jan 3)              : 2022 Closing Low: 17625.70 (Jan 3)
2022 High (intraday): 61348.57 (Jan 13)         : 2022 High (intraday): 18286.95 (Jan 14)
2021 Closing High: 61305.95 (Oct 14)            : 2021 Closing High: 18338.55 (Oct 14) 
2021 Closing Low: 46285.77 (Jan 29)             : 2021 Closing Low: 13634.60 (Jan 29)
2021 High (intraday): 61353.25 (Oct 14)         : 2021 High (intraday): 18350.75 (Oct 14)
2021 Low (intraday): 46160.46 (Jan 29)          : 2021 Low (intraday): 13596.75 (Jan 29)

2020 Closing High: 47751.33 (Dec 31)            : 2020 Closing High: 13981.95 (Dec 30)
2020 Closing Low: 25981.24 (Mar 23)             : 2020 Closing Low: 7610.25 (Mar 23)
2020 High (intraday): 47896.97 (Dec 31)         : 2020 High (intraday): 14024.85 (Dec 31)
2020 Low (intraday): 25638.90 (Mar 24)          : 2020 Low (intraday): 7511.10 (Mar 24)
2019 High (intraday): 41809.96 (Dec 20)         : 2019 High (intraday): 12293.90 (Dec 20)
2019 Low (intraday): 35287.16 (Feb 19)          : 2019 Low (intraday): 10583.65 (Jan 29)
2018 High (intraday): 38938.91(Aug 28))         : 2018 High(intraday): 11760.20 (Aug 28)
2018 Low (intraday): 32483.8 (Mar 23)           : 2018 Low (intraday): 9951.9 (Mar 23)
2017 High (intraday): 34005.37 (Dec 26)         : 2017 High(intraday): 10515.10 (Dec 26)

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End

 

Edited by Avishek Dutta

 

Cogencis news is now Informist. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

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