CLOSING BELL: IT majors Tech M, HCL Tech, Infosys, Wipro and TCS were the top Sensex winners, which gained up to 3 per cent

<b>CLOSING BELL</b><br />
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	Ease in <a href="https://www.business-standard.com/article/economy-policy/wpi-inflation-falls-to-4-95-in-december-from-5-85-in-previous-month-123011600347_1.html" target="_blank">wholesale prices</a> for December could not soothe investors on Monday as markets closed the session on a weak ground pulled down by select heavyweights.&nbsp;&nbsp;</div>
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	After opening with firm gains, the BSE Sensex shed 494 points from the day&#39;s high. The index ended 168 points lower at 60,093 dragged by HDFC twins, Reliance, Axis Bank, ICICI bank, L&T, HUL, Airtel and M&M, down 1-2 per cent.<br />
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	On the flip side, IT majors Tech M, HCL Tech, Infosys, Wipro and TCS were the top index winners, which gained up to 3 per cent.&nbsp;</div>
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	The NSE Nifty closed 62 points lower at 17,895. Adani Enterprises, Hindalco and JSW Steel were the additional losers on the index.</div>
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	In the broader market, the BSE Midcap and Smallcap indices also ended 0.3 per cent and 0.1 per cent lower, respectively.&nbsp;</div>
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	Within sectors, IT and PSB indices on the Nifty defied the market and closed over 1 per cent higher. Metal and financial pockets were the worst hit.&nbsp;</div>
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	Among stocks, <strong>Sula Vineyard </strong>zoomed 15 per cent after the company posted highest-ever quarterly sales in Q3FY23. <a href="https://www.business-standard.com/article/markets/sula-vineyards-soars-10-on-heavy-volumes-post-q3-sales-update-123011600230_1.html" target="_blank"><strong>Read story</strong></a></div>
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	<em><strong>HDFC Bank weakens post Q3 as moderating loan, deposit growth weighs</strong></em></div>
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	HDFC Bank shares closed 1 per cent lower as focus shifted on the lender&#39;s moderating growth post the October-December quarter result. Analysts expect the stock to perform gradually until the margin profile revives, and the merger-related overhang eases. <a href="https://www.business-standard.com/article/markets/hdfc-bank-shares-listless-post-q3-as-moderating-loan-deposit-growth-weighs-123011600302_1.html" target="_blank"><strong>Read review here</strong></a></div>
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	<em><strong>Markets to shift to T+1 settlement system from January 27: Report</strong></em></div>
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	The Indian stock market will shift to a shorter trading cycle, T+1 settlement, on January 27. This would allow the buyers and sellers to get shares and money in their accounts one day after the trade ends, a report by The Times of India said. <a href="https://www.business-standard.com/article/markets/markets-to-shift-to-t-1-settlement-system-from-january-27-report-123011600312_1.html" target="_blank"><strong>Read here</strong></a></div>

Sensex slips 168 pts led by HDFC Bk, RIL, Nifty below 17900; IT pack shines

Business Standard

Sensex slips 168 pts led by HDFC Bk, RIL, Nifty below 17900; IT pack shines | News on Markets - Business Standard

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Sensex slips 168 pts led by HDFC Bk, RIL, Nifty below 17900; IT pack shines

CLOSING BELL: IT majors Tech M, HCL Tech, Infosys, Wipro and TCS were the top Sensex winners, which gained up to 3 per cent

US equity futures edge higher in trade

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