Stock Market Today HIGHLIGHTS: Indian equity benchmarks S&P BSE Sensex and NSE Nifty recovered two-thirds of their intraday losses in a volatile session on Thursday. Investors awaited the corporate earnings season to pick up for domestic cues. Globally, equities rose ahead of a key inflation reading from the US that could lead to the Fed slowing its current pace of hikes in interest rates.
Here are 10 key things to know about the January 12 session on Dalal Street:
1) The Sensex ended 147.5 points or 0.3 per cent lower at 59,958 and the Nifty50 settled at 17,858.2, down 37.5 points or 0.2 per cent from its previous close.
2) The Nifty basket was divided between an equal number of gainers and losers at the close. SBI Life, UltraTech, HCL Tech, L&T and Dr Reddy’s were the top gainers, rising around two per cent each. On the other hand, Divi’s, Reliance, BPCL, Axis Bank and Tata Motors were the top laggards, declining around 1-3 per cent.
3) Reliance, ICICI Bank and Axis Bank were the biggest drags on both headline indices.
4) Most of NSE’s sectoral gauges finished the day lower. The Nifty IT bucked the trend with a gain of 0.4 per cent, led by stocks such as Infosys and HCL Tech, which would report their financial results later in the day.
5) Overall market breadth favoured the bears, with an advance-decline ratio of 4:5 as 1,514 stocks rose and 1,992 fell on BSE.
6) The rupee inched higher to 81.55 against the US dollar at the open.
7) Analysts awaited an official reading on consumer inflation in the country due post-market hours for cues.
8) European shares fell in early hours, with the Stoxx 600 index edging 0.1 per cent lower.
9) Equities in other Asian markets strengthened, with MSCI’s broadest index of Asia Pacific shares outside Japan rising 0.7 per cent to a seven-month peak. Japan’s Nikkei 225 rose 0.4 per cent.
10) S&P 500 futures were up 0.4 per cent, suggesting a higher start ahead on Wall Street.
