Image Source : INDIA TV Stock market update for January 27.
Stock markets update: Equity benchmark indices declined in early trade on Monday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 485.77 points to 75,704.69 in early trade. Meanwhile, the Nifty declined 162.65 points to 22,929.55.
Top gainers and losers
As the trading session commenced, Britannia, HUL, ICICI Bank, and Dr Reddy’s Labs emerged as the top gainers on Nifty. Meanwhile, NTPC, Bharat Electronics, Hindalco, Trent, and Axis Bank witnessed losses. Except for the Realty sector, all other sectoral indices traded in the red.
Market movements
In early trading, Tech Mahindra showed a marginal gain of 0.14%. Stocks like Tata Motors and NTPC exhibited little movement. On the losing side, HCL Tech declined by 0.70%, Nestlé India by 0.92%, and Bajaj Finance by 1.06%. Additionally, TCS dropped by 1.10%, Zomato by 1.11%, ICICI Bank by 1.28%, Kotak Mahindra Bank by 1.32%, and Infosys by 1.34%, marking the highest dip.
Trends in Asian markets
Following a pullback in U.S. stocks from their all-time highs, Asian markets reflected mixed sentiments on Monday. Hang Seng (Hong Kong) rose by 0.9% to reach 20,249.64, while the Shanghai Composite Index increased slightly by 0.1% to 3,256.91. However, Nikkei 225 (Tokyo) fell by 0.6% to 39,699.76, impacted by the Bank of Japan’s decision to raise its benchmark interest rate to 0.25%, the highest level since 2008.
