Sensex sheds 802 pts, Nifty near 21,500; Bajaj Fin drops 5%,TaMo rises 3%

Stock market highlights on Tuesday, January 30: In the broader markets, the BSE SmallCap index clutched on to its gains as it ended 0.11 per cent higher

Closing Bell on January 30, 2024: Equity markets fell again, after a day's hiatus, as profit booking in financial, FMCG, pharma, and select IT stocks weighed on the sentiment.

The S&P BSE Sensex tumbled 802 points, or 1.11 per cent, to end at 71,140 levels, while the Nifty50 dropped 216 points, or 0.99 per cent, to settle at 21,522. 

The fall was led by Bajaj Finance, Bajaj Finserv, Titan Company, Ultratech Cement, ITC, Reliance Industries, NTPC, Sun Pharma, L&T, M&M, HDFC Bank, Axis Bank, Asian Paints, Bharti Airtel, and IndusInd Bank.

In the broader markets, the BSE SmallCap index clutched on to its gains as it ended 0.11 per cent higher. The BSE MidCap, on the other hand, slipped 0.64 per cent.

Among sectors, the Nifty FMCG index fell the most (down 1 per cent), followed by the Nifty Pharma index (down 0.8 per cent), and the Nifty Financial Services index (down 0.6 per cent). On the upside, the Nifty PSU Bank index gained 0.8 per cent. 

3:45 PM

Tech View :: 'Daily charts show Dark Cloud Cover formation for Nifty'

Nifty exhibited volatility throughout the day, with a prevailing bearish trend. The daily chart indicates the formation of a dark cloud cover, implying a bearish outlook in the near term.

Support is situated at 21,500 on the lower end. A significant decline below this level could potentially initiate a correction in the market. Conversely, sustained trades above 21,500 might lead to an upward movement in the market.

Views by: Rupak De, Senior Technical  Analyst, LKP Securities

3:43 PM

Tech View :: Bank Nifty will hit 46,000 if it breaks this level...

The Bank Nifty index has encountered persistent resistance around the 45,500 level over the last two days. To initiate a sustained upward movement towards 46,000, the index needs to convincingly break through this resistance, which coincides with the highest open interest on the call side.

The immediate support on the downside is situated at 45,000, and a breach below this level could intensify selling pressure, leading to a decline towards 44,700-44,500 levels.

Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities

3:41 PM

Currency check :: Rupee ends 3 paise higher at 83.11/$

3:40 PM

Broader markets :: Smallcaps shine on a 'bloody' day

3:38 PM

NIFTY HEATMAP :: Only 13 stocks end higher; TaMo, BPCL lead

3:37 PM

CLOSING BELL :: Nifty settles near 21,500

3:36 PM

CLOSING BELL :: Sensex declines over 800 pts weighed by ITC, Bajaj twins

3:27 PM

Q3 result :: Blue Star posts profit Rs 100 crore vs Rs 58.4 crore YoY

>> Ebitda at Rs 155 crore vs Rs 105 crore crore YoY

>> Ebitda margin 6.93% vs 5.89% YoY

3:17 PM

Global check:: US, UK stock futures display mixed trend

Source: Investing.com

3:07 PM

Maruti Suzuki Q3: Analysts expect profitability to weaken QoQ; here's why

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2:57 PM

Indian investors favour long-term bonds anticipating conservative budget

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2:51 PM

Zee-Sony merger: NCLT issues notice to Sony to file reply in three weeks

The National Company Law Tribunal (NCLT) on Tuesday accepted a petition by a Zee Entertainment shareholder seeking the merger of its Indian entity with Sony, which was called off last week despite regulatory approvals. READ MORE

2:42 PM

ALERT:: Adani Total Gas Q3 net rises 17%; stock trades flat

Adani Total Gas today reported a 17.4 per cent growth in Q3 consolidated net at Rs 176.30 crore for the quarter ended December 2023 when compared with Rs 150.19 crore in the corresponding quarter a year ago. Total income was up 5.3 per cent YoY at Rs 1,256.42 crore.

2:27 PM

Market check:: Sensex near day's low, down over 400 pts

2:14 PM

Foreign flows continue to chase India, Japan and US, small-cap funds see big surge

The last week saw an inflow of $549 million into India-dedicated funds, led by large-cap funds. Out of this inflow, $120 million was from US investors and $145 million from Japan investors.READ MORE