Lagatar24 Desk
Mumbai, Jan 14: In the midst of weak global cues, Indian equity indices closed in the red on Friday, snapping a five-day winning streak. The 30-share BSE Sensex slid 12 points, or 0.02 percent, to conclude at 61,223, while the NSE Nifty fell 2 points, or 0.01 percent, to 18,256. The Sensex rose nearly 450 points from its intraday low of 60,757 before ending slightly lower.
More Federal Reserve policymakers said that they will begin raising interest rates in March to tackle inflation, sending global markets into a tailspin. Fed Governor Lael Brainard is the latest and most senior US central banker to say that interest rates would rise in March to battle inflation.
Mid- and small-cap stocks in India ended on a mixed note, with the Nifty Midcap 100 index falling 0.02 percent and the Nifty Smallcap 100 index rising 0.75 percent.
The National Stock Exchange’s 15 sector gauges ended the day in the red, with 12 of them. By as much as 0.71 percent, the Nifty FMCG (fast-moving consumer goods) index underperformed the index.
On a stock-by-stock basis, Asian Paints was the highest Nifty loser, falling 2.67 per cent to Rs. 3,364. The laggards were Axis Bank, UPL Ltd, Hindustan Unilever, and ONGC.
Tata Consumer Products, Indian Oil, Tata Consultancy Services, Infosys, and Adani Ports, on the other hand, were among the gainers.
On the BSE, the overall market breadth was marginally positive, with 2,068 stocks rising and 1,334 falling.
Asian Paints, Wipro, Mahindra & Mahindra, Axis Bank, and HDFC saw the highest losses on the 30-share BSE platform, with their shares plummeting as much as 2.66 percent.
Among the gainers were TCS, Infosys, Larsen & Toubro, HDFC Bank, Tech Mahindra, and Kotak Mahindra Bank.
Meanwhile, HCL Technologies, Ashirwad Capital, and Gujarat Hotels are among the corporations set to release their third-quarter results later today.
