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Markets extend selling spree; Sensex around 59k, Nifty 50 near 17,650; Consumer Durables, Bank underperform; HUL top bull; Bajaj twins, IndusInd, Dr Reddy's drag

Sensex erased the 59,100-mark and was struggling to hold the 59,000 level. Nifty 50 has tumbled near 7,525.

January 21, 2022 10:10 IST | India Infoline News Service
Market_Down
Markets extended their nosedive even on Friday amid weak global cues and broad-based selloff across sectoral indices. Banking and Consumer Durables stocks weighed the most on pushing benchmarks Sensex and Nifty 50 off the cliff, while Pharma and IT stocks also contributed to the downside substantially.

Investors await Reliance Industries (RIL) Q3 earnings that are scheduled for later in the day, while investors were upbeat on HUL stock post Q3 earnings.

Sensex erased the 59,100-mark and was struggling to hold the 59,000 level. Nifty 50 has tumbled near 7,525.

At around 10.08 am, Sensex was trading at 59,104.73 down by 359.89 points or 0.61%. The index has touched an intraday low of 58,683.01.

Nifty 50 performed at 17,653 lower by 104 points or 0.59%. The index has touched an intraday low of 17,525.35.

In terms of sectoral indices, on BSE, the Consumer Durables and Bankex index shed by 660 points and 550 points. The Healthcare and IT index slipped by 190 points and 225 points.

Top bulls on Sensex were - HUL, Power Grid, NTPC, ITC and Maruti Suzuki.

Top bears on Sensex were - Bajaj Finserv, Tech Mahindra, Axis Bank, Dr Reddy's Lab, Kotak Bank, Infosys, SBI, Bharti Airtel, IndusInd Bank, Bajaj Finance, Wipro and ICICI Bank.

Major Q3 earnings today are - Reliance Industries, HDFC Life Insurance Company, SBI Life Insurance Company, JSW Steel, Bandhan Bank, CSB Bank, California Software, Elixir Capital, Gland Pharma, Gokaldas Exports, Heritage Foods, Hindustan Zinc, IDBI Bank, Vodafone Idea, Inox Leisure, Jyothy Labs, Kajaria Ceramics, L&T Finance Holdings, Max Ventures and Industries, Oriental Aromatics, Pioneer Distilleries, PNB Gilts, Polycab India, PVR, Ramco Industries, RattanIndia Power, Share India Securities, Supreme Petrochem, Supriya Lifescience, Tanla Platforms, Vinyl Chemicals, and Wendt (India).

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